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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.”
The Queens Lunar New Year Parade kicked off late Saturday morning in Flushing. Gov. Kathy Hochul marched in this year’s parade, the first in-person one since the COVID pandemic started two years ago, CBS2’s Christina Fan reported. From Chinatown to Flushing, streets are decked in red and families are fired up, excited to welcome the Year of the Tiger with the strength and courageview more
It has motion-synchronized seats with the ability to vibrate and blow wind, fog, rain, snow, bubbles and scents.A massive movie theater with seven screens including a 4DX theater with motion-synchronized seats with the ability to vibrate and blow wind, fog, rain, snow, bubbles and scents is opening in Flushing this weekend. It’ll be the first of its kindview more
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
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