QUEENS REAL ESTATE NEWS

SPILLING THE BEANS ON QUEENS REAL ESTATE

New LIC condo developed by Vanke US and Adam America Real Estate

LIC continues to be a hotspot in Queens

Not only is Queens as a whole experiencing a boom in its real estate market, but among the neighborhoods in the borough, Long Island City is a particularly fast-growing market. In the next couple of years, thousands of new apartments will be inaugurated in the area. However, many of these units are going to be rentals, particularly those being established in more luxurious areas, such as Jackson Avenue and Hunters Point. If we make a comparison, only a handful of condominiums are entering the market. However, there is no need to despair, yet: a condo building based at 22-18 Jackson Avenue is being prepared to enter the market this fall.

This building is being developed by a partnership. Vanke US and Adam America Real Estate are the two players this time, and in preparation for the fall sale they have launched a teaser site, revealing the tower’s name: Galerie. This name makes sense, since the project is located across MoMA PS1. The name Galerie is a perfect fit for the area.

This time around, ODA New York is in charge of the architectural and designing aspect of the project. This firm is no stranger to the area. Just for an example, they are currently developing a different building in Long Island City. This previous tower is based at 22-22 Jackson Avenue and is a rental building. There are three units already available, just in case. According to the companies involved, the building will offer three different living experiences in three separate style. However, those styles and experiences have not been named yet. The published rendering isn’t of much help either. 

Luxury acommodations


Nevertheless, there is some more info available: so far, we know there will be studios and apartments with up to three bedrooms. Furthermore, the interior design will be in the hands of Paris Forino, who is currently in super high demand. Taking all these facts in, we can safely assume the general style of the building and its amenities will be very fancy. Among the luxuries the tower will include, people will be able to find a gallery, a courtyard, a pool and a porte-cochère. As with many important info regarding this building, prices have not been listed as of the publishing of this piece. [NY Curbed]