BY JORDAN GIBBONS
The Great Neck-based TCX Development has several luxury apartments popping up in the Jamaica Estates area over the next few years.
The first development that will be opening its doors to renters by March is located at 190-11 Hillside Ave. The six-story building will feature 21 units with 20 one-bedroom apartments and one three-bedroom penthouse, Joshua Asherian, project manager at TCX, said.
The one-bedroom units will cost $1,600 and the penthouse will cost $2,500.
Asherian said the company did a lot of research and determined that the Jamaica area was the perfect fit for the smaller developer.
“We believe that Jamaica is set for growth in terms of development,” he said. “It’s just a matter of time before other developers come here, so we just wanted to get a jump on it.”
TCX also has two projects in the works on Wexford Terrace. The first site located at 177-16 Wexford Terrace will be an eight-story building with 20 units. The 20,000-square-foot development will have 20 units, including two two-bedroom penthouses and 18 one-bedroom units. The one-bedroom apartments will cost $1,750 and the penthouses will cost $2,350.
Asherian said that the project is in the excavation and foundation stage and is expected to be completed by March 2016.
The larger apartment building is located at 177-30 Wexford Terrace and is also an eight-story tower with 68 units. There will be 36 one-bedroom units, 30 two-bedroom units and two studios. The top two floors will consist of 10 penthouse units. The units will feature balconies and there will be a rooftop terrace open for all residents.
Asherian said that the development will feature a 24-hour doorman, concierge service, a gym in the basement and 47 parking spaces. The studios will cost $1,550, the one bedrooms will be $1,750, the two-bedrooms will cost $2,200 and the penthouses will be $2,600.
The site has already been demolished, but TCX is waiting on permits and Asherian said that construction should begin in the next few months. Overall, the project is expected to be finished by September 2017.
All three projects are within walking distance to the F train stop on Hillside Avenue, which can allow commuters to get to Manhattan in about 30 minutes.
Asherian said that the transportation options will help stimulate new residents looking for a convenient, up and coming area to live.
“Younger generations are going to start coming here soon. There are great amounts of retail and transportation is great,” he said. “It’s a growing market and I think it’s going to be a good neighborhood.”
Reach Jordan Gibbons at (718) 357-7400, Ext. 123, firstname.lastname@example.org or @jgibbons2.