Things, though, may have finally stabilized.
In
a recent press release, Onex Real Estate Partners announced that their
“exclusive preview event” – a kind of sales launch period that came
before a more general sales launch period – was a resounding success. In
only six hours, they sold 120 units, half of the total homes available
in the first of what will be three towers collectively called The Grand
at Sky View Parc on 40th Road and College Point Boulevard in Flushing.
“The
event drew a tremendous response from attendees, many of whom already
own in Sky View Parc,” said Michael Dana, president of Onex.
Sales
for the first phase of the development – a mixed-use building featuring
448 condos and a tremendous shopping center at its base with renters
including Target, Nordstrom Rack, Best Buy and other retailers – opened
in late 2011. That construct has been perennially featured on
Curbed.com’s Top-Ten Best-Selling Buildings in New York since its
opening. Couple that fact with this latest announcement regarding the
preview event, and it becomes clear that good things come to those who
wait.
“Infrastructure
for the [second phase of the] project has already begun,” a
spokesperson for The Grand said. “The first tower is expected to begin
rising in Spring 2015 for a Summer 2016 completion. The final tower,
Grand Three, is expected to be complete by Fall 2017.”
Like
the residential portion of the first phase of the project, the Grand’s
three towers will rise above the nearly 800,000 square-foot mall.
The
first tower will house apartments ranging from studios to three-bedroom
homes. The coziest flats will span 492 square feet, while the largest
units will stretch over 1,965 square feet with prices approximately
running between $489,000 and $2 million-plus. Reportedly, the three
towers combined will ultimately have about 650 condos available.
“We’re
committed to answering the demand for full-service, exceptionally
designed homes in Flushing,” Dana said, adding that they plan to
accomplish such a goal “by bringing the next level of luxury living to
this world-renowned destination.”
Each
home within The Grand at Sky View Parc features top-of-the-line
finishes and state-of-the-art appliances, including an in-suite laundry
closet with a stacked Bosche washer and dryer. There are soaring
ceilings up to nine feet high, floor-to-ceiling windows, hardwood floors
and wraparound balconies with views of the Manhattan skyline. The
open-concept chef’s kitchens contain Bosch stainless steel appliances,
including built-in dishwashers and refrigerators, and Scavolini sleek
lacquered cabinets with LED lighting underneath, all complemented by
natural quartz stone countertop and backsplash. The spa-like bathrooms
include Kohler fixtures, decorative wall lighting fixtures, Grohe
bathroom hardware, accompanied by porcelain tile flooring throughout.
The
luxury building will feature an impressive list of exclusive amenities
provided solely for residents. There will be a tremendous lobby with a
20-foot ceiling, resident’s lounge, fitness center with multi-purpose
rooms and a full-service spa. The outdoor area will “create an urban
oasis for residents,” with uniquely programmed spaces to provide the
ultimate lifestyle offerings, including meditation gardens, yoga zones
and a pool. The new amenities will complement the existing amenities
already at Sky View Parc, including a 24-hour staffed lobby and
concierge service, tennis and basketball courts, running track, a
four-acre landscaped rooftop garden, alfresco dining, barbeque grills, a
children’s play area, golf putting green and a dog run.
The
Main Street transportation hub is two blocks away, while the Long
Island Railroad’s Flushing stop is just a half-block walk. The
development also has easy access to four major highways.
Calling
Sky View Parc a “passion project” for Onex, a spokesperson for The
Grand noted that the “profile of Queens has grown in the past few years
as a highly in-demand residential destination, and the neighborhood of
Flushing in particular has come into its own as a first choice for
dining, shopping and living today in New York City.”
With
several other developments seeing groundbreakings and building
skeletons rise this year, even more “grand” things are expected
throughout the neighborhood – one that’s an emerging real estate
powerhouse.
Written By MICHAEL STAHL
Douglas Elliman Realty, Long Island City Office
47-37
Vernon Blvd, Long Island City, NY 11101
Harvey's Long Island City Real Estate Blog
“Queens is the new Brooklyn. People are seeking affordability and Queens is benefiting.”
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