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Fulton SCG II Debt Fund will make an investment in the Project (named "Tangram") located in the heart of Downtown Flushing, New York City. Tangram will be on a 3.26 acres parcel of land and will be comprised of approximately 1.25 million gross square foot (approximately 125,000 square meter) mixed-use development upon completion. The Project is being developed by F & T Group and SCG Group, and will be a mixed-use complex developed in two phases; the First Phase will be comprised of a large retail complex, underground parking garage, community facilities and two high end residential towers and an office tower; the Second Phase will have a life-style/boutique hotel.
Fee ownership of the project site has been secured for the project development and is fully controlled by the Developer.
The project has qualified for the 421-a Tax Incentive program sponsored by the government which can significantly reduce the property tax burden on purchasers.
In comparison with others, our project developers are committed to investing a significant amount of equity in this project.
The Project is already under construction and work is progressing smoothly according to plan.
The Project is located in the heart of Downtown Flushing which offers a variety of amenities to suit the communities.
The Project is located next to One Fulton Square. Both projects can jointly create a large scale complex for high-end living, shopping / entertainment and lifestyle retail.
One Fulton Square Project was developed by F&T Group and SCG Group to which $20 million of EB-5 funds have been contributed to. I-526 petitions associated with the project have been successfully approved...
Tangram House South – the first opportunity to live in the new heart of Flushing, Tangram – is revealing two beautiful model homes. Designed by New York-based JG Neukomm Architecture, a global design studio that created world famous spaces for the likes of Tiffany, Calvin Klein and hotelier Ian Schrager, Flushing’s new luxury residences bring a whole new level ofview more
The first of two residential towers in Flushing’s Tangram, a 1.2 million-square-foot mixed-use development, is nearly sold out as closings and move-ins have begun, the developers announced Thursday. About 95 percent of the tower’s 192 apartments — a mix of modern studios, one-bedroom, two-bedroom and three-bedroom units — have already been bought. The massive Tangramview more
Goldfish Swim School, the learn-to-swim franchise with over 100 locations nationwide, signed their first indoor shopping mall location at Tangram, the 1.2 million-square-foot mixed-use development transforming the Flushing lifestyle. “Tangram is the ideal development to raise a family with recreational activities at their fingertips in Downtown Flushing,” said Robert Wineman, partner in BHB Group, theview more
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