FOR BREAKING NEWS VISIT www.qns.com AUGUST 25, 2016 • THE QUEENS COURIER 11 10-STORY TOWER COMING TO LIC BY ANGELA MATUA [email protected]/@AngelaMatua A new 10-story, mixed-use building has risen in Dutch Kills, a neighborhood within Long Island City that has yet to see the booming development that has marked the rest of the area. Located at 37-14 36th St., the 135,000 square foot building will house a Silver Star Mercedes- Benz dealership on the fi rst two stories and 85 rental units on the remaining fl oors. Developer Silver Star Motors, architect fi rm Montroy Andersen DeMarco (MADGI), and builder 1 Oak Contracting held a topping ceremony on Aug. 24. The building was originally going to be developed as a Mercedes-Benz dealership but MADGI convinced Silver Star Motors to conduct a residential test fi t to “maximize value for the owner,” according to MADGI Principal Richard J. DeMarco. The units will be marketed mostly to “young professionals,” according to a press release. A total of 30 studios, 27 one-bedroom apartments, 28 two-bedroom units and two three-bedroom units will be constructed. “The building will cater to the needs of young professionals, especially those working in the technology sector, both in Manhattan and Long Island City,” said MNS CEO Andrew Barrocas, the leasing broker for the project. “The property will offer extensive tenant amenities, great views, and a very convenient and brief commute to Manhattan.” A cellar will house residential parking spaces, residential storage, and utility systems. Private terraces will be built into 30 percent of the units. Residential amenities include a 500-square foot gym with a 1,600-square foot outdoor barbeque area, Zen yoga space, and an outdoor trellis seating area. The 700-square foot lounge will have a pantry, a communal table and a television lounge. Laundry facilities will also be located on the third fl oor for studio residents. The one-, two-, and three-bedroom units will have their own laundry facilities. Photo Credit: Montroy Andersen DeMarco The 10th fl oor will also feature a 1,300-square foot public space with a fi replace and seating area with views of Manhattan. “We are excited to achieve this signifi cant milestone in the development process, thanks to the efforts and dedication of the design and construction team of Montroy Andersen DeMarco and 1 Oak,” said Silver Star Motors Principal Michael Cohen. Interested tenants can start renting in the summer of 2017. Great rates like ours are always in season. 1.25% 18-Month CD APY1 $5,000 minimum deposit To qualify you must open a Flushing Bank Complete Checking Plus account. Get the complete access and control you desire with a competitive interest rate and banking on-the-go with our Flushing Bank Mobile2 app. For more information and to find out about our other great offers, visit your local Flushing Bank branch, call 800.581.2889 or visit www.FlushingBank.com. 1 New money only. APY effective July 5, 2016. Annual percentage yield assumes principal and interest remain on deposit for a full year at current rate. Minimum deposit balance of $5,000 is required. Funds cannot be transferred from an existing Flushing Bank account. Premature withdrawals may be subject to bank and IRS penalties. Rates and offer are subject to change without notice. A new Complete Checking Plus account with a $5,000 minimum initial deposit is required to receive the CD with the advertised rate. Certain fees and restrictions may apply. For new IRA and rollover accounts, the minimum deposit balance is $5,000. A new checking account is not required for IRA accounts. Speak with a Flushing Bank representative for more details. 2 Flushing Bank Mobile Banking is available to all Flushing Bank online banking users. Flushing Bank is a registered trademark
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