According to the RealDeal units at the Pearl are not yet on the market due to sewer and legal issues. The SI Advance reported Capitol One Bank is foreclosing on $34 million in mortgages for the Pearl, which has 101 units, after the developer was unable to get enough financing to pay the note when it came due last year.

I can see your question has been answered. Saint George with those beautiful views and easy NYC access is in the mist of a wonderful property value transformation with all those great High rise upscale buildings. It is so nice to see it all happening. Investors should be out there is droves. I have had the pleasure to have shown the Point which was very well presented. At that time which was a few months ago the pearl was still being worked on.

A.T. REAL ESTATE SPECIALISTS LLC
Arlene Trunzo, CRS,GRI,SRES / Broker Owner
(BCREP) Board certified
718-317-0949 0R 917-359-1985
cmyrealtor@aol.com

The Pearl from what I know is still in progress, including as you know "The Pointe" , "The View". Moreover, the developer Puretz, hired a laundry list of top consultants to prepare plans, seek approvals and design the site, where more than 60 stores, a 14-screen movie theater and restaurants are planned. It is a complex process, so it may take some time. He has invested an great amount of capital to this projects and they are still going full force.

The Pointe, located at the foot of Bay Street and Victory, is nearly complete and will be the first test of Puretz's ability to attract people to St. George. If you are interested in taking a look at those apartments, I can email you some condos available there, although I know many have already sold.

Hope this helps, if you have any more questions you can contact me directly at Cgalindo@prosperityREG.com
(718) 698-2179 Office
(646) 302-1470 Cell