Since launching in October, more than 60 percent of the co-op apartments at The Continental Park, located at 87-10 51st Avenue, are now in contract. The sales team tells us that units are entering contract at ask, with studios starting from $185,000, one bedrooms from $229,500, two bedrooms from $347,500 and three bedrooms from $509,500. All of the studio, one and three bedrooms are spoken for, with just two-bedroom units left.
The developers Myles Horn, ABC Properties and Fisher Associates purchased 79 units in the 153-unit co-op and redeveloped the apartments, redesigned the common spaces, and added amenities like a children’s playground, fitness center and lounge. (Take a tour of the building right here.) Yael Goldman, who is handling marketing and sales, reports that “We expected sales to move quickly, but the response has been greater than anyone could have imagined.” More than 1,000 people came to tour the units the first weekend the sales center opened.
Here it is, Elm West, the new development slated for 85-15 Queens Boulevard right across the street from rental development East Elm. YIMBY first spotted the rendering for the proposed 130-unit apartment building. It’ll come with a whopping 50,000 square feet of retail space, with some extra community space. There’s no word on the construction timeline yet — the Department of Buildings hasn’t issued new building permits.
Elm West is by the same Flushing-based developer as East Elm, Pi Capital Partners. Pi saw quite a bit of demand at East Elm, which has 83 rental units, and our guess is that this development will also do well. The design, at the very least, looks very similar, with the exception of the corner balconies planned for Elm West. We guess that’ll afford a great view of Queens Boulevard…
Newtown, founded in the mid-1600s after its colonists had fled from Native American attacks further west in Maspeth – and building literally a “new town,” mocks NYC’s preservationists, who seemingly prefer to recognize only buildings and artifacts in Manhattan and prefer to lavish designations and titles on buildings in that borough while ignoring the amazing treasures in what are considered the outer boroughs. In Queens, along with Jamaica and Flushing, Newtown (renamed ‘Elmhurst’ by developer Cord Meyer in the 1890s) retains several edifices and locales that existed in the first decades after its founding.
The brownstone and granite Gothic First Presbyterian Church of Newtown at 54th Avenue and Queens Boulevard was constructed in 1895 by architect Frank Collins with $70,000 donated to the church in the will of one of its elders. When Queens Boulevard was constructed in 1910 and widened in the 1920s, the church had to be moved back several feet. The congregation of the church goes back to Newtown’s earliest era — founded in 1695 with first minister Rev. John Moore, of the famed Moore local family. Several congregants signed the Flushing Remonstrance, a 17th-century demand for religious tolerance by Flushing’s Quakers. There is a time capsule in the cornerstone.
A recent Daily News article profiles the “humble Queens nabe” of Elmhurst, which has recently seen an onslaught of new development. The News mainly focuses on the residential conversion of the St. Johns Hospital complex, located across from the Queens Center Mall. When construction wraps on Queens Pointe, as it’s called, there will be 150 luxury rental apartments, several stories of retail and a 250-car parking garage. According to the article, “The developers estimate that they will be able to achieve rents of more than $45 a foot per year for the units, meaning a one-bedroom pad would likely go for over $2,500 a month.” (Luxury rentals at Elm East, on Broadway, leased quickly with rents topping $40 a foot.)
There are more developments slated for the neighborhood: a 69-unit condo tower at 70-32 Queens Boulevard, between 70th and 72nd Streets, and a six-story, 130-unit development for the long-empty site across from East Elm, also off Broadway. To be called West Elm, it’ll boast a private health club, an outdoor roof deck and 24-hour doorman. (Check out an exterior rendering after the jump.) There’s also the recent massive sale of the parking lot behind the Queens Place Mall.
With all that development, sales and rental prices are unsurprisingly rising in the neighborhood, which is better known for its low-rise housing stock. The median price for an apartment comes in at $338,500 — that’s compared to $288,500 in 2011. And an average apartment rents for $1,877 a month, compared to $1,350 in 2011.
Some of the glassy facade is now on display at the under-construction Elmhurst Library, located at 86-01 Broadway. The finished product — you can see a rendering after the jump — will be four stories and 30,000 square feet, roughly double the size of the old library. The new space will have separate library areas for adults, children and teens, a 32-computer Cyber Center, an Adult Learning Center, an interior reading atrium, and front and rear community gardens.
When the building broke ground in 2011, the aim was to open it in 2013. Last year, the ETA was pushed back to 2014. The latest estimation is to wrap construction by spring 2015. The facade was supposed to be finished by this month, but that’s obviously not on track either. While construction continues, the city is operating a temporary library at 85-08 51st Avenue, off Broadway.
After the jump, check out a few more photos of the facade.
Most of Whitney Avenue in Elmhurst runs from Broadway northeast to Roosevelt Avenue at 93rd Street, through a street grid that tilts northeast against the prevailing one. This was part of an early 20th century real estate development in which the streets were originally numbered and only later — by 1915 — were they given the names they still carry, Aske, Benham, Case, Denman, Elbertson, Forley, Gleane, Hampton, Ithaca, Judge, Ketcham, Layton, Macnish. By 1915, Roosevelt Avenue had been laid out and the el was under construction.
One of the jewels of Elmhurst, a neighborhood blessed with its fair share of historic houses of worship, is the cobblestone-exterior Elmhurst Baptist Church at Whitney and Judge. The cornerstone was laid in 1902, with the church completed the following year. There are Myanmar (Burmese) Baptist and Indonesian Baptist services offered here. Bayside’s so-called Cobblestone House has sometimes been claimed to be the only such structure in the borough, but this church can also qualify.
We got to take a tour of The Continental Park, a co-op redevelopment project in Elmhurst. Myles Horn, ABC Properties and Fisher Associates bought the 153-unit complex and started renovating units; 79 studio, one, two and three bedrooms hit the market last month. (1,000 people came to tour the units the first weekend the sales center opened.) Finishes in the apartments are very high end: oak flooring, white stone countertops, Italian cabinetry, custom bathtubs. The developer is also revamping common spaces and adding new amenities — many of the common areas were worse for wear before the renovation began. Once the project wraps, there will be a new resident’s lounge, children’s playground and fitness center.
Prices on studios start from $185,000; one bedrooms from $229,500; two-bedrooms from $347,500 and three-bedrooms from $509,500. Occupancy on the new units is expected for December or January.
After the jump, check out photos of the interior, model units, and under-construction spaces.
A 47,365-square-foot parcel — a former parking lot behind the Queens Place Mall, in Elmhurst — just sold for $26,500,000. Massey Knackal listed the site, at 88-18 Justice Avenue, back in March for $24,000,000. Queens Courier first reported news of the sale, with word that it comes with 227,352 square feet of buildable space. It’s zoned for both commercial and residential use. The buyer, Justice Ave Tower LLC, has yet to submit any building plans to the DOB, but we bet it’ll be something big…
If you ride the Long Island Rail Road Port Washington line as I have every day for the past couple of decades, no doubt you have noticed the four-story brick factory on the south side of the tracks the train roars past on 94th Street, about midway between the Woodside and Shea Stadium (now Mets Willets Point) stations. Well, I did, anyway, because I had noted the long-unused train siding, one of the last remaining vestiges of a time when the LIRR was used to move freight. I’m happy to report that the old factory has, instead of being razed for more “Fedders specials,” has been reinvented for the 21st Century as a building housing three high schools.
This month, 79 renovated studio, one-, two- and three-bedroom apartments hit the market at the Elmhurst co-op development The Continental Park, which has 153 total units. The re-development of the building is the work of Myles Horn (behind the re-development of The Printing House in the West Village), ABC Properties and Fisher Associates. The available units feature oak flooring, white stone countertops, imported Italian cabinetry, custom bathtubs and plenty of fancy new fixtures. Many units also have large private outdoor spaces and washer/dryer hook-ups. Common spaces were renovated as well, with the addition of a children’s playground, fitness center and resident lounge.
Prices on the new units are as follows: 500-square-foot studios start from $185,000; one bedrooms ranging from 600 to 900 square feet start from $229,500; two-bedrooms ranging from 830 to 1,050 square feet start at $347,500; and finally three-bedrooms sized around 1,200 square feet begin at $509,500. Seems like there’s quite a bit of demand, too. The first weekend its sales center opened, around 1,000 people came to tour the units.
Check out some apartment renderings after the jump. GMAP