Lightstone sets summer launch for LIC rental project

New York /
Apr.April 09, 2013 02:30 PM

The Lightstone Group will begin leasing the 12-story, 199-unit Gantry Park Landing rental in Long Island City this summer, according to a company release, with Brooklyn brokerage aptsandlofts.com serving as the exclusive leasing and marketing agent.

The building is located at 50-01 Second Street by the waterfront and includes a mix of studio, one-, two- and three-bedroom homes. Units will feature industrial-style design, with floor-to-ceiling double-paned windows with opaque glass detailing, as well as gray oak and white lacquer kitchens with white stone counter tops. Some units will have private outdoor space.

Lightstone, a New York City-based developer that has been pushing in to the New York City market, is perhaps best known for its massive project currently planned for the banks of the Gowanus Canal.

The developer did not release rents for Gantry Park Landing.

Building amenities include a fitness center and separate yoga room, a club room, game room, landscaped roof deck, bicycle storage and common interior courtyard.

Lightstone CEO and Chairman David Lichtenstein pitched the project as a more “intimate” development than some of the others in Long Island City — a sentiment echoed by David Maundrell, founder of aptsandlofts.com.

“With just under 200 apartments,” Maundrell said in the release, “residents will enjoy a more tight-knit community than some of the larger scale properties along the waterfront, yet still be able to enjoy a full range of amenities and services typically found in a more sizable development.” —Zachary Kussin


Related Articles

arrow_forward_ios
Blackstone's Kathleen McCarthy and Ken Caplan with 31-30 Hunters Point Avenue in Long Island City (Blackstone, Google Maps)
Blackstone picks up LIC warehouses for $37.5M
Blackstone picks up LIC warehouses for $37.5M
Common CEO Brad Hargreaves, Simon Baron Development president Matthew Baron and ALTA. (ALTA, General Assembly, Simon Baron)
Common takes over operations at Simon Baron’s LIC co-living tower
Common takes over operations at Simon Baron’s LIC co-living tower
Abraham Merchant of Merchants Hospitality, 11-01 43rd Avenue and Frank Brosens of Taconic (Merchants Hospitality, Getty, Savanna Rooftop)
Merchants Hospitality sells dormant LIC hotel for $38M
Merchants Hospitality sells dormant LIC hotel for $38M
Ascent Development's Tien Vominh and a rendering of the project at at 45-30 Pearson Street (Ascent Development)
Ascent nabs $48M construction loan for LIC condos
Ascent nabs $48M construction loan for LIC condos
Vorea's Peter Papamichael. (Google Maps, Vorea Group)
LIC development site under contract
LIC development site under contract
David Wolkoff of G&M Realty. (Getty, 5Pointz LIC)
Wolkoff family firm snags $350M loan for 5Pointz
Wolkoff family firm snags $350M loan for 5Pointz
Lightstone Group CEO Mitchell Hochberg and Marriott International CEO Anthony Capuano with a rendering of The Moxy Williamsburg (Getty, Lightstone, iStock)
Marriott, Lightstone Group bet on hotel recovery
Marriott, Lightstone Group bet on hotel recovery
Innovo Property Group's Andrew Chung with 23-30 Borden Avenue in Long Island City (Google Maps)
Innovo lands $155M construction loan for LIC warehouse
Innovo lands $155M construction loan for LIC warehouse
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...