Building 100 is scheduled to open in March 2001. River's Edge will have 184 units in six buildings. A new building will break ground every 30 days.
A total of 190 luxury condos and 100 boat slips have been pre-sold in the past 12 months for a total $54 million, says executive vice president of development Richard Friedman. "Demand is steady," he tells GlobeSt.com.
The average price for a three-bedroom, three-and-a-half-bath unit is $300,000. A one bedroom, one and a half-bath unit averages $180,000. The condos range from 1,100 sf to 2,200 sf. The average 15-foot by 32-foot boat slip is $14,200. A 23-foot by 58-foot slip averages $122,300.
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