CRESCENT CLUB TAPS INTO RENTAL AND LONG ISLAND CITY DEMAND WITH 30% OF ITS RESIDENCES LEASED IN FIRST MONTH

LONG ISLAND CITY– A healthy appetite for new luxury rental residences and the growing appeal of Long Island City as a residential destination have led to a successful Grand Opening at Crescent Club, where 30% of its upscale apartments have been leased in just the first month.

The 17-story building located at 41-17 Crescent Street has quickly tapped into the large pool of renters looking to Long Island City by offering a sought-after combination of spacious residences, exceptional amenities, attractive pricing and a convenient location just steps from the Queensboro Plaza subway station with access to-and-from Manhattan in less than 7 minutes.

Originally conceived as an upscale condominium, Crescent Club features 130 studio, one- , two- and three-bedroom apartment homes with condominium-level interior finishes, according to Meadow Partners and Simon Development Group, the joint-venture owners/developers of Crescent Club. The partnership retained The Marketing Directors, Inc. as the building’s exclusive marketing and leasing agent.

Monthly rents for the apartment homes currently begin from the $2,500’s for studios and one-bedroom homes, $3,600’s for two-bedroom residences, and $5,200’s for three bedroom homes.

“Value, lifestyle and convenience are major factors driving the initial leasing success at Crescent Club,” notes Jacqueline Urgo, President of The Marketing Directors, Inc.“People have been pleasantly surprised by the high level of finishes and design elements found throughout the apartment homes, and are excited about the outstanding suite of indoor and outdoor amenities, including a landscaped backyard with an outdoor pool. The convenience to midtown and downtown Manhattan is also a big selling point, as are the price points which compare favorably to residential options in Manhattan and Brooklyn.”

Crescent Club’s five-star recreational and social amenities include a 24-hour attended lobby, state-of-the-art fitness center, a rooftop lounge, residents’ lounge, business center, and more. Considerable outdoor space is provided by a landscaped backyard enhanced by a 70’ outdoor pool, BBQ grill with dining areas, lounge seating, sunbathing areas, outdoor yoga and an outdoor shower. There’s also a business lounge with multi-functional conference/game table and plasma TV, residents’-only lounge with catering kitchen, lounge seating and plasma TV, and the rooftop “Sky Club” featuring sweeping Manhattan skyline views, billiards table, catering kitchen and bar, lounge seating, plasma TV and rooftop terrace.

The striking Crescent Club building boasts a charming brick facade highlighted by expansive windows that maximize natural light and views of New York City and the waterfront.

Inside, well-designed floor plans feature sophisticated finishes and appointments, including light and bright living spaces with Brazilian teak floors, oversized windows, up to 10’ ceilings, in-home washer/dryer, chef-inspired kitchens with Caesarstone counters, Bianca ceramic tiled backsplash, wenge wood & back-painted glass cabinetry and stainless steel appliances; and lavish master baths with honed stone floors, vanity & showers, custom wenge wood cabinetry, white ceramic walls, grohe rain shower and Zuma Soaking Tub.

Crescent Club is situated in the heart of Long Island City’s redevelopment effort with an influx of upscale restaurants, shops, luxury residences and more along the East River waterfront and central business district. The building is located less than a block from the 7, N and Q subway lines at Queensboro Plaza and five blocks from the E, M and R lines at Queens Plaza.

For additional information on Crescent Club, please call (718) 383-3444 or visit www.crescentclub.com.

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ABOUT MEADOW PARTNERS & SIMON DEVELOPMENT

With over 40 years of proven real state experience, development partners Meadow Partners & Simon Development Group collectively bring the assurance of a reliable, well-funded ownership team that is firmly committed to the development and success of Crescent Club and Long Island City. Their demonstrated talent, long-range perspective, and financial strength have set to redefine the standards of quality and excellence of luxury living in New York’s most up-and-coming residential neighborhood.

www.meadowpartners.com

www.simondevelopment.com

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