REAL ESTATE See it: Luxury LIC condos with near $3M price tags BY LIAM LA GUERRE [email protected] @LiamLaGuerre Modern Spaces is marketing multiple condos in Long Island City near the $3 million mark. The high luxury listings refl ect surging prices in the neighborhood, according to Eric Benaim, CEO and founder of the real estate fi rm. “The luxury market is really starting to pick up as the prices in Manhattan are just skyrocketing,” Benaim said. Modern Spaces is marketing a condo at Arris Loft on Thomson Avenue for $2.99 million. The unit boasts three bedrooms and three bathrooms throughout 2,339 square feet. It also features 16-foot ceilings and about 3,000-square-feet in private terraces. The real estate fi rm is also handling the sale of a condo at The View on the Long Island City waterfront, which will go on the market soon for $2.89 million. The unit has three bedrooms and three bathrooms throughout 1,653 square feet. Another one of its units is a duplex condominium at 5-41 47th Rd., which is asking $2.5 million. The unit will have three bedrooms, a den that can be converted to a fourth bedroom, two-and-a-half bathrooms, and a 1,100-square-foot yard. The 2,040-square-foot space is currently under construction and will be completed in about two weeks, GOT A HOT REAL ESTATE STORY IN QUEENS? Contact Liam La Guerre Guerre Real Estate Editor EMAIL: [email protected] TWITTER: @liamlaguerre according to Modern Spaces. Photo courtesy of Modern Spaces 5-41 47th Road THE COURIER/Photos by Liam La Guerre Inside St. John’s Hospital’s transformation into Queens Pointe BY LIAM LA GUERRE [email protected]/@LiamLaGuerre After about a year of construction, the former St. John’s Hospital in Elmhurst is beginning to look more and more like the new Queens Pointe residential and retail destination it will become. The hospital, which closed in 2009, was acquired by a group of Asia-based investors for more than $50 million late last year, according to property records and published reports. Since that time, construction has been taking place to transform the 90-08 Queens Blvd. site’s interior space. The seven-story building will have about 150 luxury rental apartments and a penthouse level with six units on the top four fl oors, while the basement, fi rst and second fl oors will be used for a mix of community facility space and retail. Construction on most of the apartments is almost complete and appliances have already been brought into some of the units. The penthouse level features apartments with nearly 16-foot ceilings and views of the Manhattan skyline, as well as the Queens Center and Queens Place malls, which are across Queens Boulevard. Marketing for the residential side of the building will begin early next year, according to a representative of Winick Realty Group, which is handling sales in Queens Pointe. Marketing for the fi rst fl oor and basement level, which are about 64,000 square feet combined, started months ago and received interest from various companies, including a gym, a supermarket and a clothing retailer. But the fi rst fl oor and basement still have much interior construction remaining. Representatives are negotiating with a school and a senior center to occupy part of the second fl oor. Construction on the second fl oor is partially complete, with new fl ooring, paint, ceiling tiles and lighting. The development also includes a 250-spot parking garage across the street at 87-28 58th Ave., which will be available to retail customers and residents. Currently the parking facility has fading paint and graffi ti, but there are plans to renovate the garage as well. FOR MORE PICTURES GO TO QUEENSCOURIER.COM
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