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In Flushing, the neighborhood located at the very last stop of the 7 train in Queens, condominium prices having been climbing dramatically over the past few years. In the Downtown area, which is home to the city’s second-largest Chinatown, many condo units have traded for over an eye-popping $2 million a piece. (For comparison, Manhattan’s average condo price is $3 million, according to Douglas Elliman’s fourth-quarter 2016 report.)
While SkyView convinced retail experts that there are shoppers in Flushing, F&T is out to prove the luxury shoppers are there, too. The developer started building Tangram, a 1.2-million-square-foot project with SCG America last year, which will have 300 luxury condos, 80,000 square feet of commercial space and a 225,000 retail base. It will feature a large atrium like the Winter Garden in Brookfield Place and an experiential movie theater—the neighborhood’s first since RKO Keith’s Theater closed more than three decades ago.
Bailey, who is marketing the retail at Tangram, is hoping to attract luxury retailers from the shopping districts of Shanghai, Hong Kong, Tokyo and Seoul, as CO previously reported.
However, Bailey and F&T’s Lee declined to indicate with whom they are negotiating. “Flushing has a concentration of untapped affluence that is steadily growing,” Bailey said. “The combination of luxury residential with a vibrant dining and nightlife scene, tremendous daytime population and strong tourism creates a perfect storm for retailers.”
Globally inspired lifestyle brand MINISO will open its doors in Flushing debuting early 2022 NEW YORK, Sept. 22, 2021 /PRNewswire/ — Flushing’s newest hotspot, Tangram, today announced the signing of global powerhouse lifestyle brand MINISO’s flagship store in New York. With more than 4,500 stores worldwide, MINISO will open its doors to New Yorkers for the first time inview more
Residences are now available for purchase at the new 16-story tower at Tangram, a 1.2-million-square-foot development located in the heart of downtown Flushing. Leading development firms F&T Group and SCG America announced the launch of Tangram’s second 132-unit residential building that will be infused with modern elegance designed by award-winning architect and interior designer Jean-Gabrielview more
QUEENS — Nan Xiang Xiao Long Bao is one the most popular restaurants in Downtown Flushing. The soup dumplings attract foodies from all over the city. Before the COVID-19 pandemic, it was a destination for dining. But manager assistant Alice Lin said the business model changed during the pandemic. While the number of people comingview more
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