Incoco Capital Unveils New Skyscraper Development Plans
Exciting New Developments from Incoco Capital
Incoco Capital, in collaboration with Charney Companies and Tavros, proudly announces the groundbreaking of a stunning 55-story skyscraper located at Court Square. This project promises to redefine luxury living with exciting amenities and a prime location.
Key Highlights of the New Skyscraper
The upcoming condominium will encompass both 24-19 Jackson Avenue and 45-03 23rd Street, although a formal name for the building has yet to be established. Strategically positioned at the convergence of three major boroughs, it will offer unparalleled access to transportation, fitness centers, shopping, and exquisite design.
The Journey to Groundbreaking
For a considerable period, Charney and Tavros meticulously assembled properties for the design of this high-rise, a process that began in 2016. Their dedication culminated in the acquisition of seven adjoining townhouse properties, coupled with securing air rights from two additional locations. A pivotal moment occurred when Incoco Capital partnered and doubled the site size by purchasing extra land from a notable hotel chain, enabling a comprehensive design vision.
Vision and Leadership
Incoco Capital stands as a respected real estate investment management and development firm holding offices in New York City, New Jersey, and Korea. Fa Park, the Chairman and Founder, expresses confidence in the project's potential, stating, "We are exploring various investment opportunities, particularly in light of the job creation this skyscraper will facilitate."
Sam Charney, Principal of Charney Companies, remarked, "Creating condos in an energetic NYC neighborhood is thrilling. Our team's unwavering commitment and vision have been crucial in reaching this significant milestone. We have faced challenges, but with the support of our esteemed partners, we turn this vision into reality."
Architectural Design and Amenities
The architectural brilliance of this skyscraper is brought to life by FXCollaborative, promising a range of living spaces from studios to four-bedroom homes. Residents will enjoy an extensive amenity package, including a premier grocery store and a state-of-the-art fitness center, further enhancing the living experience.
Environmental and Economic Impact
Nicholas Silvers, Founding Partner of Tavros, shares his enthusiasm for the project, stating, "Commencing construction on this breathtaking site has been a long-awaited goal. The completed building will not only offer stunning views but also provide a well-designed living experience in an incredibly convenient location."
The location at Court Square serves as a transport hub, with access to various subway lines and bus routes, ensuring seamless connectivity to and from the city. Additionally, residents can enjoy diverse culinary options, cultural institutions, and vibrant parks nearby.
Looking Ahead
Occupancy for the skyscraper is projected to begin in the spring of 2028, marking a new chapter in luxury living in the heart of the city. As this ambitious project takes shape, it signifies a remarkable collaboration among industry leaders committed to shaping the future of real estate development.
About the Partners
About Incoco Capital, LLC:
Incoco Capital is a seasoned real estate investment management firm that has diversified into real estate development alongside its strong investment history. The firm focuses on projects within the metropolitan area, applying its expertise to yield significant returns.
About Charney Companies:
Founded in 2013, Charney Companies is dedicated to high-quality development and management, playing a vital role in the New York City Metro real estate market. Their commitment spans from construction to adaptive reuse projects, ensuring a robust presence in the industry.
About Tavros:
Tavros operates as a dedicated real estate investment management firm. It emphasizes the importance of its relationships with tenants and stakeholders, ensuring a quality living experience rooted in high standards.
Frequently Asked Questions
What is the location of the new skyscraper?
The skyscraper is situated at Court Square in Long Island City and will integrate multiple transportation options for easy access.
What amenities will the skyscraper offer?
Residents can expect a premier amenities package, including a best-in-class grocery store and a fitness center, among other luxurious features.
Who are the developers behind this project?
The project is a collaboration between Incoco Capital, Charney Companies, and Tavros, each contributing their expertise to bring this vision to life.
When is the expected occupancy?
Occupancy is projected to begin in the spring of 2028, allowing future residents to look forward to moving into their new homes.
What types of living spaces will be available?
The skyscraper will offer a range of living options, including studios, one-, two-, three-, and four-bedroom homes to cater to a variety of lifestyles.
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