CRESCENT CLUB, LONG ISLAND CITY’S NEWEST LUXURY RENTAL, SIGNS 100TH LEASE

Crescent Club Living-Kitchen SMALLCondo-Style Residences, Exceptional Amenities and Commuter Convenience Drive Activity

LONG ISLAND CITY, January 22, 2013 – Meadow Partners and Simon Development Group announced today the 100th lease signing at Crescent Club, another significant milestone for the new luxury rental building located at 41-17 Crescent Street in Long Island City.

Originally designed as a condominium, the 17-story building features an upscale collection of 130 condo-style residences, an incomparable amenity offering and a convenient location less than a block from the 7, N and Q subway lines at Queensboro Plaza and a few blocks from the E, M and R lines at Queens Plaza.

“The continued leasing success at Crescent Club further demonstrates the wide-spread appeal of this unique lifestyle offering, as well as the growing market recognition of Long Island City as a viable residential alternative,” notes Jacqueline Urgo, President of The Marketing Directors, the building’s exclusive marketing and leasing agent.

“It’s a hot building right now in an emerging location, and renters are reacting favorably.”

Crescent Club features a charming brick facade highlighted by expansive windows that maximize natural light and views of New York City and the waterfront.  The building’s mix of one- , two- and three-bedroom apartment homes offer bright and spacious layouts, crafted with distinctive condo-style finishes.  The well-designed floor plans feature Brazilian teak floors, oversized windows, up to 10’ ceilings, in-home washer/dryer, chef-inspired kitchens and lavish master baths.

Monthly rents currently begin from $2,625, with immediate occupancy available.

Crescent Club’s five-star recreational and social amenities include a 24-hour attended lobby, state-of-the-art fitness center, residents’ lounge and business center.  The rooftop “Sky Club” features sweeping Manhattan skyline views, billiards table, catering kitchen and bar, lounge seating, plasma TV and rooftop terrace.  There’s also a landscaped backyard with an outdoor pool, BBQ grill with dining areas, lounge seating, sunbathing areas and an outdoor shower.

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

About The Marketing Directors

The Marketing Directors is a full-service marketing and sales/rental organization specializing in new homes and recognized as a national leader in high density residential development across the United States and Canada.  The company is led by founder and CEO Adrienne Albert.  Jacqueline Urgo is President of the NE operation. David Tufts leads The Marketing Directors, SE formed in 2007.    For more information on The Marketing Directors, Inc., call 212-826-8822 or visit www.themarketingdirectorsinc.com.

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