The Marcal Group released renderings for the new development slated for Beach 116th, which was first announced in The Rockaway Times in August 2016.
Initially called Seaside Landing, the project now goes by One Sixteen, and will include 90 condos, which developers hope will fetch somewhere between $500-600 per square foot with the lower end units starting around $300,000. The lead principal is Mark Caller who said the 8-story condo will be “a magnificent building.” The design allows for many of the residents to have balconies with ocean and bay views.
According to its newly launched website, One Sixteen will have an attended lobby, parking, and a fitness center. There will be commercial space on the ground floor. The buildings will conform to new city codes addressing flooding and resiliency.
The overall development includes four buildings, but the initial phase will consist of two. One will be condos, one on the west side of Beach 116th. The second building will be on Beach 117th Street. This building will consist of 60-70 affordable rental units for seniors. The other buildings, one on the east side of each 116th Street (also condos) and the other on Beach 115th Street (also affordable units) are at least two years away.
Caller said the affordable units will be based on a percentage Area Median Income but that number has yet to be determined.
The new website and rebranding were announced in advance of an official offering plan, some months away. An offering plan will have specifics about amenities, landscaping, common areas and such. Caller said he expects actual construction to begin in two months' time. The marketing and sales will be spearheaded by Compass, a real estate company with offices in New York, Boston, San Francisco, Miami and the Hamptons. Caller said he would welcome local realtors to join the sales effort as well.
The architect on the project is Fischer + Makooi, a company with large commercial and residential projects in its portfolio. The interior designer is Jalbert Architectes based in Montreal.
The news of the fleshed-out plans was covered by several media outlets last week which prompted a great wave of initial interest, Caller said. He’s been watching the other new development in Rockaway: the ferry. “It will be nice having the shuttle on 116th going to the ferry.”
For more information and additional renderings go to LiveAtOneSixteen.comBLOG COMMENTS POWERED BY DISQUS