The Real Deal New York

Onex execs, US Open great gather for launch of amenities at Sky View Parc

October 26, 2011 11:45AM

The unveiling of a new spa, tennis and basketball courts at Downtown Flushing condominium Sky View Parc this past Sunday, featuring US Open tennis champion Michael Chang, drew various real estate pros and city officials, including Michael Dana, president and CEO of Onex Real Estate Partners, which developed Sky View, New York City Council member Peter Koo, Assemblywoman Grace Meng and Senator Toby Ann Stavisky.

Chang coached elementary and high school kids from the area in a hitting clinic as well as the kids currently living at Sky View Parc. Guests also toured the homes on offer at the complex.

“Onex put a great deal of thought and care into the design of the homes and amenity spaces at Sky View Parc. I wish that these projects existed when I spent so much time just steps away at the United States Tennis Association practicing for my tournaments,” Chang said.

It’s not all been good news for Sky View recently.
In August, it was reported that in the three years since sales launched in the three-tower, 448-unit complex, just
10 percent of the homes had sold. The complex is now reported to be 45 percent sold, according to the Wall Street Journal.

A June settlement gave buyers who backed out of contracts valued at a total of $50 in the $1 billion complex a 75 percent refund on their $5 million down payments. The arrangement will recoup $3.69 million plus interest for 118 buyers.

Units range from 575-square-foot studios to 1,765-square-foot three-bedrooms, with prices ranging from $375,000 to $835,000. — Katherine Clarke

Comments are closed.