Emboldened by robust sales in its initial offering, Muss Development announced this week that it has started to sell units in the second tower of its $1 billion Skyview Parc development.
Muss Development Principal Jason Muss said the Forest Hills-based firm opened sales of its second tower over the weekend, drawing dozens of potential buyers to its sales center. The decision to open the second tower was made after the number of units sold topped 100 in the first six months since the first tower was placed on the market.
"While we were confident there would be a high level of interest in such a high-quality project with a previously unheard of collection of outdoor and indoor amenities, the brisk pace of sales has continued unabated," Muss said. "We didn't imagine we'd be opening up the second tower for sales quite this soon."
Condominium sales for the first phase of the mixed-use project began in February, the first of six residential towers that will be built on the 15-acre site, located at College Point Boulevard and Roosevelt Avenue. Construction has continued steadily on the site since an extensive environmental remediation was completed to make the site suitable for occupancy.
The development features studio and one-, two- and three-bedroom apartments priced from about $400,000 to more than $2 million. Muss said the first units are expected to be available for occupancy next summer.
"We have sold everything from $400,000 studios to a three-bedroom penthouse at $1.36 million. Our one- and two-bedroom sales have been extremely strong and have appealed to all segments of the market," Muss said.
When finished, the $1 billion Skyview Parc will contain 1,110 condos developed in two phases that will sit on top of more than 800,000 square feet of retail space and a parking garage that will hold 2,500 cars.
Muss Development President Joshua Muss attributed the success of SkyView Parc to the development company's advanced planning at the site, which began in the early 1980s.
"The difference between developing in the boroughs and Manhattan, I think, is dramatic," he said. "In order to build something in the boroughs, it's a lot more involved than digging a hole in the ground."
Reach reporter Stephen Stirling by e-mail at Sstirling@timesledger.com or by phone at 718-229-0300, Ext. 138.
©2008 Community News Group
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