The Real Deal New York

Onex secures $152.5M construction loan for Flushing site

Vacant parcel is part of Sky View Parc complex's second phase

August 28, 2015 05:40PM
By Kyna Doles

Sky View Parc

Rendering of Sky View Parc

Onex Real Estate Partners scored $152.5 million in construction financing from the Bank of the Ozarks for a Flushing development site.

The site is located at 135-10 Roosevelt Avenue, between Prince and Main streets — several blocks from Onex’s Sky View Parc complex along College Point Boulevard and 40th Road. Property records reveal the vacant land is part of the second phase of development for the Sky View Parc project, although it’s not clear what Onex has planned for the site.

While no permits have been filed for the address, the vacant land can allow for a 170,000-square-foot building.

Blackstone recently closed on the $400 million purchase of the 560,000-square-foot retail mall and 2,500-car parking garage at the complex.

A representative for Onex was not immediately available for comment.