After three years of construction work, the Sky View Parc mixed-use development in Flushing is getting closer to the completion of Phase One, which includes three of the planned six residential towers which sit atop the retail and parking base. The 14-acre site along College Point Boulevard will ultimately house 1,100 luxury condo apartments above the 800,000 square-foot shopping center and cost over $1 billion.
A few of the commercial tenants–which will include a BJ’s Wholesale Club, Best Buy, and Target, among others–have already opened for business. The retail portion is already over 70% leased.
It was recently reported by the Post that developers Jason and Joshua Muss, whose family owned the land, have had their equity partner Onex move to bring Related Companies in as a “consultant” for apartment marketing and retail leasing/management before any construction begins with the remaining three residential towers. Construction delays have left the phase one towers unfinished even though occupancy was scheduled for summer 2009. In March Muss Development asserted that 40% of the 448 Sky View Parc phase one apartments had been sold, but at that time none of the sales had closed.
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