Residential

Model Residences Are Complete in “One Sixteen” Development

Photo courtesy of the Marcal Group

The Marcal Group has just completed the model residences in One Sixteen, an eight-story luxury residential development under construction in the Rockaways. The completed development will have 86 condominiums, including eight duplex residences with private outdoor space, and 14,000 square feet of retail space on the ground floor. The mixed-use project is situated at the heart of the Rockaways’ increasingly vibrant beachfront community, one block from the beach and just down the street from subway and ferry transportation to Manhattan. The beach lifestyle property is being developed by The Marcal Group and is being marketed and sold exclusively by Compass.

“One Sixteen offers a rare opportunity to own a modern beachside residence close to New York City,” said Mark Caller, Marcal’s founder and CEO. “We are thrilled to be a part of this community, with neighbors who really appreciate what we are doing for the area. We see the immediate opportunity of buying a home in the Rockaways and the potential long-term gains of this exciting neighborhood.”

One Sixteen’s new residences have an abundance of natural light, and some have private outdoor space with ocean or bay views. Residences feature open living spaces with white oak plank flooring, and kitchens and bathrooms have custom cabinetry and incorporate sleek, modern appliances and materials.

Both the building’s interiors and two new model residences were designed by Brooklyn-based design firm Me & General Design.

“Our goal was to create a visceral, feel-good experience for each space,” said General Judd, co-founder of the firm. The building’s interiors were inspired by a fusion of urban living and SoCal flair that embodies the Rockaways. For the models, Me & General elected to stage one model as “boho chic” and the other as a pairing of muted colors with more traditional pieces. Me & General Design partnered with the online contemporary art gallery ArtStar to curate the art program in both models. Selections include pieces by up and coming artists Alyson Fox and Nichole Yates, as well as Rockaways local Eric White. Building amenities include a landscaped roof deck with ocean and bay views, an eighth-floor residents lounge with kitchenette, on-site parking, a fitness center, bike storage and additional private storage.

Early sales at One Sixteen started strong, with over 25% of the residences already in contract. Current availability includes one-bedrooms from $399,000, two-bedrooms starting at $610,000 and three-bedrooms offered at $1.07 million.

“As the Rockaways continue to add more services and activities that are available all year, people are naturally gravitating towards the relaxed waterfront environment,” said Maxine Resnick, a licensed associate real estate broker representing One Sixteen with Compass. “For city dwellers looking for a convenient beachside escape, Rockaway Park is an increasingly popular alternative to more distant shores such as the Hamptons, which is a much longer commuting distance.”

The Rockaways have benefited from an influx of both public and private development, resulting in year-round arts and cultural offerings and well-reviewed restaurants. The Marcal Group anticipated that a modern, thoughtfully planned beachfront development with numerous amenities would appeal to a wide range of residential buyers, including those looking for affordable alternatives to Manhattan and Brooklyn.

“With the infrastructure, transportation and development improvements and year-round offerings, the Rockaways appear to be on the tipping point of undergoing a major renaissance,” said Maryanne Farrell, a real estate salesperson with Compass.

Other real estate development in the Rockaways include a new hotel at Beach 98th and a new hotel planned by Wythe Hotel architect Morris Adjmi at Beach 108th. The Marcal Group recently purchased Community House on Beach 102nd Street and is planning another residential property for the site.

For more information, visit the One Sixteen website here.

Sign Up for Newswire



Advertisements