Leasing Begins at Greystone’s Myrtle & Steuben Developments in Clinton Hill

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NEW YORK, Jan. 19, 2017 (GLOBE NEWSWIRE) — Greystone Development, a New York-based real estate development company, announced the official start of leasing today for Myrtle – located at 531 Myrtle Avenue in Clinton Hill, Brooklyn. Myrtle is the first of a pair of luxury rental buildings known as Myrtle & Steuben nearing completion on the intersection of the same name. The second phase of the development, Steuben, is located around the corner at 100 Steuben Street and is anticipated to launch later this year. This duo of properties is an exciting addition to a historic Brooklyn neighborhood which is currently in the midst of a residential renaissance.

“We are thrilled to announce the launch of 531 Myrtle Avenue,” said Jeffrey Simpson, Head of Greystone Development. “With the growth of Brooklyn and our past success with Printhouse Lofts in Williamsburg and Waterbridge 47 in DUMBO, we are very excited to expand our presence into Clinton Hill, such a charming and desirable section of the borough.”

531 Myrtle features 29 residences including studio, one-, and two-bedroom units ranging from approximately 400 to 895 square feet and many with private outdoor space. The anticipated rents start at $2,300. Myrtle amenities include a fitness center, rooftop terrace with lounge and BBQ area, virtual doorman, bike storage, and washer and dryer in each unit.

100 Steuben offers 43 residences consisting of studios to three-bedrooms ranging from approximately 460 to 1,140 square feet and select homes will have private outdoor space. The anticipated rents start at $2,300. Steuben amenities include a fitness center, rooftop terrace, virtual doorman, bike storage, resident storage and resident lounge.

Envisioned by AB Architekten, an award winning firm known for their minimalist aesthetic, both Myrtle and Steuben celebrate this signature style with a simple, timeless form that will endure in perpetuity. The Myrtle façade combines concrete and metal panels with floor to ceiling double-glazed windows maximizing the light and air within each apartment. Residents will have access to soaring views of Manhattan from the building’s fitness center.

Myrtle also boasts 6,000 square feet of ground floor retail on the premier Myrtle Avenue corridor of Clinton Hill. This prime location is within walking distance of several major public transportation routes and experiences strong foot traffic. As such, the property has attracted two premier retail tenants, one of which is European Wax Center.

“We strive to create unique properties that optimize the footprint, celebrate the light and air and incorporate impactful amenities. We select locations with convenient access to all that NYC has to offer,” said Simpson.

Dave Maundrell and his team from Citi Habitats New Developments have been named the building’s exclusive leasing agents. “Thanks to the combined hard work of the Myrtle Avenue BID, area businesses, The Pratt Institute, local agencies and community groups, Myrtle Avenue has developed into one of Brooklyn’s premier retail corridors. It has been a true pleasure watching this transformation. Myrtle & Steuben is an exciting, state-of-the-art rental community that fits contextually into this stretch of the avenue. We are very excited to introduce this property to prospective renters, as it offers residents a luxury living experience – in the heart of North Brooklyn,” said Maundrell.

For more information, visit www.myrtleandsteuben.com.  

About Greystone Development

Greystone Development is a full-service real estate developer. Since 1992, Greystone has acquired, repositioned and developed over $2 billion in properties nationwide spanning approximately 3.5 million square feet. Our portfolio is diverse, comprised of condominium, rental, office, retail, mixed use and healthcare properties. Greystone Development is currently developing 15 real estate projects in premier markets such as New York, Miami and Palo Alto. For more information, visit www.greystonedevelopment.com. Greystone Development is a part of the Greystone group of companies, active in real estate lending, investment and advisory. For more info, visit www.greyco.com.

About Citi Habitats

As one of New York City’s leading real estate brokerages, Citi Habitats operates nine offices in the boroughs of Manhattan and Brooklyn. The firm offers a variety of real estate services including existing apartment rentals, townhome, condo, co-op, and investment sales, new development marketing and relocation services. Citi Habitats is owned and operated by NRT LLC, a subsidiary of Realogy Holdings Corp., a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. For more information, please visit us at www.citihabitats.com.

About European Wax Center

European Wax Center was founded by siblings David and Josh Coba in 2004. The concept was simple: to bring the EWC unique waxing experience to women and men in a setting with a modern environment featuring crisp, clean lines, private waxing suites, and providing the most professionally trained waxing experts, with exceptional service. And the first wax is always complimentary (brows, underarms, bikini line for women, nose, ears and brows for men). Now, a luxurious waxing with proprietary products can be incorporated into everyone’s beauty regimen. European Wax Center enables everyone to reveal beautiful skin, and, today, European Wax Center is recognized as the fastest growing company in the beauty lifestyle services category. In just twelve years, EWC has grown from four centers to almost 800 nationwide. For more information about EWC or to inquire about a franchise log onto www.waxcenter.com.

PRESS CONTACT:Karen MarottaGreystone 212-896-9149Karen.Marotta@greyco.com



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