The third-party escrow account to oversee the flow of funds, authoritative project lawyers and economists ensure compliance, the project is comprehensively insured, providing joint assurances for the safety of investors' investments and minimizing potential risks and uncertainties, have resulted in the successful delivery of the project and its long-term stable operation.
The third-party escrow account to oversee the flow of funds, authoritative project lawyers and economists ensure compliance, the project is comprehensively insured, providing joint assurances for the safety of investors' investments and minimizing potential risks and uncertainties, have resulted in the successful delivery of the project and its long-term stable operation.
The Prince is a rare TEA project in New York City that meets the reserved visa quota requirements of the immigration policy. The project is located in Queens adjacent to Manhattan, the center of the world, in the Flushing core area, the most popular Chinese community of New York City. The project is approximately 8 miles in a straight line from Times Square in Manhattan, with multiple subway and bus public transportation options available.
The project is a mixed-use development consisting of a 208-room hotel and 120 residential apartments. The project has been topped out. The hotel is named and managed by the world's largest hotel enterprise, the Hilton Hotel Management Group, making it a significant landmark in the region.
Project Address: 134-03 35th Ave, Queens, NY 11354
Land Area: 43,147 square feet
Hotel Rooms: 208 keys
Residential Units: 120 units
Parking Spaces: 189 spaces
Flushing is located in the Queens borough of New York City and is one of the largest Chinese communities in the United States. Known for its thriving business district, diverse culture, and rich culinary scene, Flushing has become the fourth-largest central business district in New York. Due to its high-density commercial activities, Flushing has attracted a large number of Asian businesses in recent years. Popular establishments such as Haidilao, Xiaolongkan, Juqi, COCO Bubble Tea, and Little Sheep Hot Pot all have branches in Flushing.
Flushing is only about 10 miles (approximately 16 kilometers) from Manhattan, and it takes about 25 minutes to reach Manhattan. Additionally, Flushing has convenient public transportation. Line 7 connects Flushing to Times Square; the train takes just 21 minutes from Flushing Main Street to Grand Central Station; and the bus routes QM20 and QM2, reach the commercial district of Manhattan's Lexington Avenue in just 30 minutes.
Flushing boasts two major sports venues, Citi Field and the USTA National Tennis Center, in addition to its proximity to LaGuardia Airport. As a result, the hotel industry in Flushing is thriving.