Rockrose Development cut the ribbon Monday on the latest luxury apartment tower to be completed in the Court Square area of Long Island City.
The real estate giant, which has some ambitious plans for the Court Square area, officially opened Linc LIC, a 709-unit complex at 43-10 Crescent Street.
Despite the ribbon cutting, Rockrose has been leasing the 42-story complex for a while. To date, it is about 40 percent leased, with rents for a studio starting at about $2,200 and three-bedrooms beginning at $4,750.
Linc LIC, like most the luxury buildings, offers several high-end amenities, such as a fitness center, a children’s play room, a movie screening room and a duplex lounge located on the 31st floor, with an outdoor deck and lawn.
Meanwhile, Food Cellar, a supermarket operator that has another store in Hunters Point, will be opening on the first floor at the end of 2014
Rockrose has three other residential projects in the works in Court Square. The company is planning a 50 story apartment building—with 975 units– across the street from Linc LIC at 4325 Hunter St. That complex is scheduled to be completed in 2016.
Additionally, Rockrose plans to develop an 800-unit rental building at 43-22 Queens St., in a former warehouse that was once owned by Eagle Electric.
Meanwhile, there are plans farther down the line that include a 100-unit building — possibly condos — on a lot on Crescent Street near Linc LIC.