Wednesday, June 01, 2005

The Village in Queesnbridge.

A new mixed-use development at Queensbridge called The Village with 700,000 square feet of boutiques, retail spaces, restaurants, cinemas and executive office space, along with 340 condominium units in two five-story towers and a 10-story tower. These condos units will be priced from the $600,000s to more than $1 million.

The whole project is joint collaboration between Las Vegas-based Executive Home Builders and Peccole Nevada Corp. The $500 million mixed-use venture will come up on 30 acres at Rampart Boulevard and Alta Drive.
The construction on the condo units will be started within 90 days and the units are likely to start selling by 2007.

The project will include 125,000 square feet of restaurant space to allow shoppers and residents the pleasure of various cuisines with in the development. A huge underground parking garage is part of the project to deal with car parking and other issues.

The project developers feel mixed-use projects provide economic viability and help the projects to go ahead. Otherwise these projects may be commercially unviable.