Arch Companies sells 550 Metropolitan Avenue

Arch Companies is pleased to report that 100% of units have been sold at 550 Metropolitan Avenue. The property is a newly built luxury residential condominium development in Williamsburg, Brooklyn. The project team included Arch Companies as developer, Charisse Chassen de SERHANT as sales agent, AB Architekten as architect and Veronica Mishaan as interior designer and designer.

The building was completed in late February and closed its last unit in mid-June. The shop
condominium offers one to three bedroom residences with private and common outdoor spaces.
Facilities include a package room, a virtual doorman system and a communal roof terrace with a summer
view of the kitchen and the horizon. Units sold for prices ranging from $1 million to $2.7 million.

The residences are located in a prime area of ​​the high-growth Williamsburg market, just two subway stops
stops in Brooklyn from Manhattan, giving shoppers walking access to one of Brooklyn’s trendiest neighborhoods
neighborhoods as well as quick access to the main employment centers. The dynamic Williamsburg
area is known for its iconic shopping and dining, cutting-edge entertainment and arts,
lively and creative nightlife and notable parks such as Domino Park and McCarren Park.

“It’s exciting to see our business plan come to life,” said Jeffrey Simpson, Managing Partner, Arch
Companies. “Thanks to our dedicated team, we were able to develop a high quality product and attract
buyers quickly and efficiently.

Additionally, the building has a retail space on the ground floor which will house Kini, a wine tasting boutique
room with locally produced wine. Construction of Kini is underway and is expected to be open to
public later this year.

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