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October 17, 2017

The Tangram at Flushing, Queens, continues to grow and rise

NEW YORK – October 16, 2017 – Inspired by the traditional Chinese dissection puzzle consisting of flat pieces called tans, put together to form shapes, 1.2 million square feet of groundbreaking retail, office, residential and hotel space continues to rise at Tangram, the new epicenter of Downtown Flushing, Queens.

A thoughtfully-designed, year-round lifestyle destination, co-developers F&T Group and SCG America are pleased to announce that South Korea-based CJ CGV has signed a lease for a 34,000-square-foot multiplex at Tangram – the third CGV Cinemas location in the United States and the first in New York City. As one of Tangram’s major anchor tenants, the multiplex will offer groundbreaking immersive cinema experiences including the first 4DX location in Queens, which allows the audience to connect with movies through motion vibration and environmental effects. The theater will also offer the first ScreenX auditorium in New York City, which encompasses a 270-degree panoramic theatre experience, extending the screen visuals to the left and right.

The largest multiplex cinema chain in South Korea, CJ CGV also has theatres in China, Vietnam, Indonesia, Myanmar, Turkey and the United States. As of July 2017, CJ CGV operated 3,120 screens at 412 cinemas.

“As we continue to expand worldwide, our presence in the United States is essential. When we discovered the opportunity to be an integral part of Tangram, we knew being in this economically vibrant and evolving neighborhood was where our first East Coast movie theatre had to be,” said Paul Richardson, COO of CJ CGV. “Tangram offers all the essentials of first-class entertainment that will now include CJ CGV’s next generation of storytelling. We’re excited to be a part of this forward-thinking, robust destination.”

CGV Tangram Flushing will have seven screens in total and will be the first theatre to open in Flushing in 30 years. CJ CGV poses a unique position in the Flushing community thanks to its expertise in bringing the best in Hollywood and Asian films together.

In addition to the multiplex, Tangram is also bringing a total of 317 residences to the neighborhood via Tangram House , which includes 192 luxury residential condominium units during Phase I.

Tangram will also include a 207-key branded lifestyle hotel, 275,000 gross square feet of cutting edge retail enclosed by a glass skylight with a central atrium, themed restaurants, a culinary food hall, beer garden and a variety of entertainment options. There will also be 48 office condominiums within Tangram Tower, where sales have recently launched. The prime, Class A office building consists of 12 floors of columnless, efficient office space including stunning glass curtain walls and 12-foot, floor-to-floor ceilings.

“Tangram Tower is an integral part of the Tangram experience,” stated SCG America Executive Vice President Thunder Zhou. “Not only does the office building offer direct interior access to the main retail atrium, but there is also brand cache in being associated with a progressive new Flushing hub where real estate values are strongly positioned.”

Construction at Tangram’s full-block site continues to rise, with frontage on 37th Avenue, Prince Street, 39th Avenue and College Point Boulevard. Retail will be delivered first, with an expected 3Q 2018 opening.

“There’s an energy in Flushing that cannot be ignored, and Tangram is at its epicenter,” stated F&T Group Executive Vice President Helen Lee. “We sought to bring a taste of world-class Asian cities like Shanghai and Seoul to New York City to people who want to enjoy a mixed-use environment that seamlessly blends whereone lives, goes to work, and is entertained. Tangram is an amazing testament to the quality of our product and to the evolution of the neighborhood. The benefits and convenience of this urban-style living will attract people who want to be a part of the future of Flushing.”

In addition to F&T Group and SCG America, the A-list team behind Tangram also includes New York-based Margulies Hoelzli Architecture, which designed the entire project, and BHDM, who is handling retail interiors. For more information visit www.tangramnyc.com

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