Douglas Elliman Development Marketing, is pleased to announce The Pearson Court Square, a 14-story 197-unit rental building in the increasingly popular Court Square neighborhood of Long Island City,1 has been fully leased in just under four months.
“The short amount of time it took to complete leasing for the residences at The Pearson is indicative of the strength of the market in Long Island City,” said Cliff Finn, Executive Vice President of Douglas Elliman Development Marketing. “Additionally, the success can be attributed to the unique offering of a boutique residential development that sets it apart from the many larger residential developments in the area which may not offer the same intimate style of living.”
“We applaud the team at Douglas Elliman for their outstanding work,” said David Dishy, President of Development & Acquisitions at L+M Development Partners. “We created The Pearson to provide great homes for New Yorkers who value the convenience and authentic neighborhood that is a hallmark of Long Island City. You can feel the excitement in LIC/Court Square and we appreciate the tremendous response the property has received, thanks in part, to the highly professional work at Douglas Elliman. Today, we are proud to say The Pearson, and its wind turbines, have become an iconic part of the Queens skyline.”
L+M Development Partners transformed The Pearson from a vacant lot into light-filled residences that celebrate the neighborhood’s industrial past, while still managing to plan for the future. As part of its ongoing commitment to sustainability, L+M Development installed three power-generating wind turbines on the roof of The Pearson which help offset a portion of the building’s energy use, while also serving as the building’s signature design element. The building was designed by acclaimed architecture firm SLCE and features interiors by the award-winning firm, Cetra Ruddy. It is anticipated that the building will soon be LEED Silver-certified.
Each residence features high ceilings, wide-plank oak flooring, double-pane oversized windows, custom window treatments, and individually controlled heating and cooling. Modern gourmet kitchens boast Lineadecor cabinetry, Ceasarstone countertops, Frigidaire Professional Series stainless steel appliances and Grohe fixtures. Stylish bathrooms include Lineadecor vanities, custom Giagni tubs, Caroma Sydney Smart and Grohe fixtures. Bosch washer/dryer and private terraces are included in select residences.
The Pearson’s individuality is complemented by a unique array of amenities, including an outdoor basketball court and a bocce ball court, along with a fitness center and yoga studio – both with outdoor space. Other amenities include a 24-hour attended lobby, BuildingLink, cold storage, ground level bicycle storage, indoor parking and sun-filled laundry room. The Pearson’s roof deck offers breathtaking views of the City and an elegant Cetra-Ruddy designed penthouse lounge, which allow residents to enjoy the skyline vistas in all seasons and for special occasions. There are three additionaloutdoor decks within the building, each offering a different urban perspective and differing degrees of privacy.
The success of The Pearson has further enhanced the already thriving neighborhood of LIC, and specifically Court Square. The location is in close proximity to the Court Square subway station (with access to the E, M, R, 7 and G lines), as well as the Queensboro Bridge and East River Ferry, proving a convenient commute to Manhattan and other parts of the city. Residents will also enjoy the building’s close proximity to the MoMA PS1 Contemporary Art Museum, the Citicorp Tower, Court Square Park, Hunter’s Point South Park and Gantry Plaza State Park.
With premium studios renting for $2,600, 1-bedrooms for $4,300 and a 2-bedroom PH for $5,800, these impressive numbers set new benchmarks for the market.