Watermark LIC
27-15 44th Drive, Queens (Long Island City), NY
Property Type
Rental Apartments + Retail
Project Type
Development – New Construction
Role
Co-General Partner
Development Cost
$72 million
Square Footage
151,162
Number of Units
168
Developer Partner
Twining Properties
Architect
Handel Architects
Construction Lender
Santander
Institutional Limited Partner
Principal Financial Group
Completion
January 2018
Watermark LIC is a 27-story luxury residential building featuring studio, one- and two-bedroom rental residences and approximately 3,100 square feet of retail at the ground level. With 168 units, Watermark offers a full-service boutique environment with a wide array of sophisticated amenities. Residents enjoy 24-hour concierge services, a fitness center at the penthouse level offering spectacular Manhattan views, café and lounge, landscaped garden, sky terrace, bike storage, and individual storage units.
With access to grocery stores, shopping, highly rated restaurants, and cultural institutions such as MoMA PS1, Watermark LIC is a perfect combination of luxury and convenience. The property is two blocks from the Court Square subway station with access to the G, 7, E, and M trains. The 7 train provides convenient, fast access to Grand Central, Times Square, and Hudson Yards, a 17 million square foot “city within a city” development that will include state-of-the-art offices, restaurants, schools, and over 100 shops.