CIM Group has announced that construction has been completed on the 111 Montgomery condominium residences in Crown Height, New York. Following completion, unit closings have begun and the first residents of the building have been welcomed to the 12-story, 163-unit building, which offers an array of floor plans ranging from studios to three-bedroom homes. 111 Montgomery is located adjacent to the 52-acre Brooklyn Botanic Garden and Prospect Park, also known for its scenic gardens, as well as the nearby Brooklyn Museum.
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The building draws inspiration from these natural environments and provides an indoor/outdoor living experience with many units having private balconies or terraces as well as a rooftop featuring a fully landscaped terrace with grills, tables, benches, and open-air lounges with views of the Manhattan skyline. Oversized windows add a modern context and provide abundant light, with many homes having views of Prospect Park and Brooklyn Botanic Garden. The exterior brick façade complements the surrounding historic neighborhood. The building’s offerings also include an attended lobby with a doorman, on-site parking, resident lounge, state-of-the-art fitness center, children’s playroom, and ample bike storage.
Units at the site range in size from about 560 to over 930 square feet and are being sold for US$1,007 to US$1,365 per square foot. “With 111 Montgomery, CIM Group applied its expertise of owning, operating, and developing projects to enhance the evolving Crown Heights neighborhood as well as provide attractive residential ownership options for New Yorkers,” said Jason Schreiber, Principal, Investments of CIM Group. For over a decade, CIM has been an owner, operator, developer, and lender of real assets in New York City with properties including 432 Park Avenue condominiums, 11 Madison office building, 15 William condominiums, 1440 Broadway office building, 16 Court office building, The Dominick Hotel, and the Front & York residential and retail development in DUMBO.
