Last Updated: June 21, 2012 01:29pm ET
Photos by Jacqueline Hlavenka
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. 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.
Categories: Northeast, Multifamily, Residential, Development, New York