Oct. 25, 2018 By Christian Murray
The developer of a 67-story building that will contain 802 condo units got the go ahead from the state attorney general’s office to start selling units.
The building will be the tallest in Queens to date, with the total value of all units in the 100 percent condo-building to exceed $1 billion, according to the offering plan. The units are expected to begin closing in July 2020.
The development, called the Skyline Tower and located at 23-15 44th Drive, will consist of about 25 percent of the condo stock in Long Island City when it is complete, according to Patrick W. Smith, an agent with Stribling & Associates who focuses on new development and who is heading up the company’s first office in Queens.
Smith said that 44 condominiums have been completed in Long Island City to date containing 2,570 units.
Condo prices in the Skyline Tower will start at $600,000 and the project will offer studio to four-bedroom units. Amenities will include a garage, pool, lounge, fitness center, pet bath space, kids room and more.
The average unit size will be 820 square feet and will be priced at $1,533 per square foot, according to the offering plan.
The main draw of the building is expected to be the views, with the upper floors being taller that the Citi Building.
Chris Xu of United Construction and Development is the lead developer on the project, and is collaborating with partners Henry Yeung, Brian Pun of FSA Capital and Risland U.S. Holdings LLC.
Modern Spaces is the exclusive marketing and sales firm for the project.