I got this finally figured out. I was running fiddler2 to inspect the contents of the web requests/responses. However, that was interfering with the bucketsStreaming URI.
Once I closed out fiddler2 and made sure no other proxies were in place, it worked just fine. I was able to also reproduce the issue on demand by restarting fiddler2 before trying to initialize the constructor.
Hope this helps others that have this issue!