Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the multifamily market, click here.)

HUNTERS POINT, NY-A joint venture of the Milestone Group and DevCon Partners are developing the Gantry in this neighborhood of Long Island City. The 47-unit loft condominiums are expected to reach completion by June 2006.

Located at 5-15 49th Ave. site already has a pre-sales list of 900 potential buyers, company officials say. Amenities include a fully attended lobby, fitness center, on-site parking and a common rooftop terrace. Designed by architect Randy Gerner of New York City-based architecture firm Gerner Kronick + Valcarcel, the Gantry will have residences in one-, two- and three-bedroom layouts.

“The Gantry will certainly become the new benchmark for development in Long Island City,” says Jeffrey Goldberg, partner of Milestone. The development is also situated within walking distance from Gantry Plaza Park, a stretch of open space, which is part of the city’s master plan to create a one and a half mile-long waterfront park.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.