New Luxury Tower Rises Work Begins
on 7th Oceana Building

DAILY NEWS
May 16, 2002

By BILL FARRELL
Daily News Staff Writer

More than two years after beginning construction on Oceana Condominiums, a luxury high-rise residential complex in Brighton Beach, developer Joshua Muss broke ground for a seventh building yesterday. Muss, along with Borough President Marty Markowitz, business leaders and local officials, was on hand as work began on the latest addition to the oceanfront complex.

"We had wanted to invite the borough president to the topping off of building six," said Muss. "But we're moving so fast it's now the groundbreaking for building seven.

"I think we're going to be successful."

Rising on the site of what was once the Brighton Beach Baths, Oceana will eventually contain 850 apartments in 15 seven-story buildings. The gated complex also features a health club and spa with indoor and outdoor pools.

Despite prices ranging from $300,000 to more than $1 million, more than 90% of the 350 units already completed have been sold.

"As we sell each building, we start on the next," said Muss. "We have a steady, progressive plan to build 15 buildings. But the park space, the pool and other amenities have been extremely helpful in selling the project."

Muss said that many of those who first bought into the development were from Brooklyn, and people from outside the borough are starting to move there. "I think the word is starting to spread around the metropolitan area this project exists," said Muss. "People generally didn't think about looking for luxury housing in Brooklyn."

Markowitz praised Muss for providing the type of housing that is doing just that.

"Josh Muss and his family have made a real contribution in attracting the kind of people Brooklyn needs to thrive and prosper." Muss said construction on the new building should be completed within 10 months.

"We have learned from the earlier buildings and have fine tuned and made some changes," said Muss.

"We are at a point where we have developed a real lean, sleek building machine."