Developer F&T Group uses Samsung headsets to extoll the benefits of Tangram, its 1.2 million-square-foot mixed-use project in Flushing, Queens. The 3-D experience includes walk-throughs of one of the 317-unit development’s duplex penthouses as well as a retail atrium that F&T’s Helen Lee says is Tangram’s centerpiece. (Condo pricing starts at $625,000 for furnished studios, $685,000 for one-bedrooms, $1 million for two-bedrooms and $1.85 million for three-bedrooms.)
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What are NYC’s top-selling buildings? (The Real Deal)
Part of the Flushing Commons project — a 1.8 million-square-foot office, residential and retail complex developed by F&T Group, along with the Rockefeller Group and AECOM Capital — had the third-highest volume of sales. The 148-unit building saw 46 sales in the third quarter with a median price of $1 million.
Tangram project will include a 4D multiplex (The Real Deal)
The movie theater coming to Flushing’s massive Tangram Project will consist of a 4D multiplex with seven auditoriums from the South Korean cinema chain CJ CGV. CJ CGV signed a lease at the 39th Avenue project, according to the Commercial Observer. The asking rent for the theater was $65 per square foot, and it should be for 20 years with options.
Condo and Retail Project Targets Flush Buyers in Flushing (Wall Street Journal)
Tangram developers see an international destination in Queens for affluent Asian-American and foreign buyers. To many visitors Flushing is something of a puzzle. The streets are bustling with people and teeming with low-rise stores that serve the large Asian-American community, interspersed with newer condo and commercial ventures. But the overall look is drab.
Five Queens Real Estate Influencers You Need to Know (City & State New York)
Michael Meyer’s F&T Group is a major developer based in Flushing, Queens. The group recently finished two of the five buildings that will comprise the Flushing Commons project, which is one of the largest new construction projects outside of Manhattan. It will eventually include 600 condos, as well as retail and office space. F&T recently completed two other major mixed-use facilities in Flushing.
F&T Group shooting for $173.6M sellout at Tangram South (The Real Deal)
The F&T Group is looking to sellout its proposed Tangram South condominiums in Flushing, Queens for $173.6 million, filings with the New York state Attorney General’s office show. The 192-unit development, which will also offer 111 units of storage for sale, has an address of 133-27 39th Avenue and is located near Flushing’s Main Street subway station.
Flushing Has Seen an Influx of Luxury Condos, But Will Luxe Retail Follow? (Commercial Observer)
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.)
Queens Crossing adding to its trendy restaurant lineup (New York Post)
As Queens becomes the new place for hipsters priced out of Brooklyn, its foodie scene continues to flourish. Queens Crossing in Flushing — a mixed-use development from F&T Group, with retail, office, community, entertainment and dining space — is launching three new food concepts in its trendy food hall.
Developers plan Flushing’s first movie theater in 30 years (The Real Deal)
Developers F&T Group and SCG America plan to build the first new movie theater that Flushing, Queens has seen in 30 years. The movie theater will be part of the Tangram development, a mixed-use project at 133-15 39th Avenue, Commercial Observer reported. The project includes four 15- or 16-story buildings with 300 luxury condo units, 80,000 square feet of office space and a hotel. Details on the hotel are not yet available.
Flushing Gets a New Food Court With a Dose of Trendiness (Eater New York)
A new food court is opening in Flushing, this time with elements that align more with trendy “food halls” of Manhattan and Brooklyn. The second floor of Queens Crossing mall underwent a huge renovation this year to create homes for at least nine different food vendors in 10,000-square-feet of space. On Wednesday, the first three options opened: a Japanese curry shop called Curry Bo, a poke stand called Young Street Poke Co., and Happy Lemon, a Taiwanese bubble tea shop known for a whipped cheese tea. Soon, South Korean comfort food chain Tori and Korean tofu soup shop Wonjo Soon Tofu will join as well.