Source: Google Maps

Muss Development is close to finally completing the Oceana Condominium and Club, a string of luxury buildings between Brighton Beach Avenue and the Riegelmann Boardwalk. The completion of the final tower comes more than 25 years after the real estate firm announced their ambitious plan to build hundreds of condos on the site of the Brighton Beach Bath and Racquet Club, according to a report in Real Estate Weekly.

Construction of Oceana’s final structure, located at 50 Oceana Drive West, is set to be finished by 2014. According to the Wall Street Journal, the total cost of the building’s construction is $40 million. Demand for the new space is high as 50 of the 59 units have already been sold. If you’d like to grab one of the last spots, you’ll have to shell out some serious cash, as unit prices range from $700,000 to $1.7 million.

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  • http://twitter.com/mikeyhorse Mike

    “Construction on the latest project is expected to be completed in the spring of 2014, and the units are already 50% sold, said Mr. Muss. New York’s SLCE Architects and the Moss Gilday Group LLC designed the building.”

  • BrooklynBus

    I hope this does not involve tearing down or building above the bank which I am afraid it might. Why would someone be willing to live so close to noise from the el?

  • Arthur Borko

    Sure to be controversial but ever since the place opened up I’ve been hearing complaints from residents that they used shoddy construction. Granted, I doubt it was from the most expensive units but I don’t think anyone should be dealing with floods from air vents because of shoddy construction work

    I remember one example two years ago A friend of mine had to rush home in the middle of heavy rain because his wife called freaking out that water was pouring into the apartment through damaged drywall by some vent.

    That said, I’ve been in 2 or 3 of the apartments and they looked fine to me. The private pool and gym is also pretty nice.

  • http://www.brucebrodinsky.com Bruce B

    They weren’t done???? Where is there empty space there?

    And…. So many people here said nobody would buy near the ocean any longer…. Silly guesses, look around the rest of the country, oceanfront land is prime real estate, for better or worse.

  • DownByTheSea

    These buildings were pre fab. What does that tell you. CHEAP CHEAP CONSTRUCTION. Unlike their neighbors buildings, both SeaCoast Terrace and Towers, were built brick by brick.

  • Oceanasucks

    Kinda weird that they started to build right after the hurricane. Makes you wonder how much money the insurance paid them.

  • JR

    Great more Russians…