Rendering of Sky View Parc

[Update: 11:42 a.m.] Two big-box retailers are set to open their doors this week at Flushing’s new Sky View Parc complex. A new 180,000-square-foot Target will open to the public tomorrow morning at 8 a.m., a spokesperson for the retailer confirmed to [more]

Related Companies is close to signing a contract to manage sales and leasing at Muss Development’s new 3.3 million-square-foot Sky View Parc complex in Flushing, Queens, Crain’s reported. The development will set six residential towers and a rooftop park atop a three-story, 800,000-square-foot shopping center. The first three towers are almost complete, but Muss’ financial partner, private equity firm Onex, is said to be anxious about slow sales in the buildings and wanted a change. In a press release last year, Muss said 70 percent of the 448 condo units in the first building were sold, while 30 percent were sold in the second. Sales had not yet started in the third tower at the time. Retail space in the shopping center below had been 70 percent leased, with tenants including BJ’s Wholesale Club and Applebee’s Neighborhood Grill & Bar. Onex invested $66 million in the Sky View Parc project, and both Muss and Onex approached Related as part of a plan to get things back on track, sources said.

Rendering of the Gateway Center at Bronx Terminal Market

New York City-based discount department store Conway Stores has taken
18,000 square feet at the Related Companies Gateway Center at Bronx
Terminal Market, located near the new Yankee Stadium, bringing the
approximately 1 million-square-foot mall to 90 percent occupancy.  Abe
Cohen, president of Conway, and Adam Goldschmidt, Conway’s in-house
director of leasing, represented Conway in the deal. Peter Ripka of
Ripco Real Estate brokered the deal on behalf of Related. So far, two
stores have opened at the mall — Home Depot, on April 23, and Staples,
on June 6 — with the next tenant, Target, scheduled to open July 26.
Restaurant chain Applebee’s projects an opening of its location at the
mall at the end of August. [more]