NEW YORK CITY-“It’s all coming together” were the words of Rockrose Development Corp.’s principal Justin Elghanayan inside the company’s most recent multifamily project, Linc LIC, a 709-unit luxury apartment tower in the borough’s burgeoning Court Square neighborhood. Last night, the 42-story multifamily property officially topped out at 454 feet—and GlobeSt.com got an exclusive sneak peek at the progress on-site.
Although it’s still raw, the 30th floor of the building (pictured here) will feature a tenants-only lounge and roof deck with Manhattan views. In addition, Linc LIC will include amenities such as a basketball court, squash court, a double-height health club, a game room, a screening room and a coffee lounge. As for the individual apartments, more than half of the units (about 66%) will include washer/dryers and balconies. Studios will start at $1,750; one-bedrooms at $2,450; two-bedrooms at $3,350; and three-bedrooms at $4,150. It is slated for completion in spring 2013. |
Switching to another vantage point, Elghanayan brought us to a different part of the floor with views of Long Island City and Lower Manhattan. If you look closely, you can see the latest outdoor exhibit at the P.S. 1 MoMa, Wendy by HWKN, the 2012 winner of the Young Architects Program in New York. |
The building is also in close proximity to Gotham Center, a 3.5 million-square-foot mixed-use development just outside the Queensboro Plaza subway station. Recently, Tishman Speyer sold Two Gotham Center to Toronto-based REIT H&R REIT for $416 million, making it one of the largest office trades in the borough's history. Tenants here include the New York City Department of Health and CUNY Law School. |
Nearby, JetBlue moved from Forest Hills, NY and established its new corporate headquarters at the Brewster Building (center-right) located at 27-01 Queens Plaza North. |
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Linc LIC (located at 43-10 Crescent St.) is phase one in a three-part redevelopment of a 1.6 million-square-foot site owned by Rockrose. Elghanayan tells GlobeSt.com that the company plans to develop two additional parcels with another 1,000-plus luxury units several years from now. |
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