This 67-story development is now leading sales in New York’s luxury real estate market



Move over Manhattan, there is a new luxury condominium in the neighborhood.

Located in Long Island City, the 67-story development, Skyline Tower, is now leading sales in New York’s luxury real estate market. With a booming transit hub and rapidly growing neighborhood, Long Island’s skyline and real estate market have changed tremendously in the past decade.

At the start of 2019, rising interest rates caused many buyers to halt their plans in purchasing condominiums. Located in one of the world’s most competitive markets, the increasing interest rates did not deter buyers from exploring their future home at Skyline Tower. In 2019, the tower managed to close 210 condo contracts, making it the top-selling luxury real estate development. The project is a joint venture of Risland Holdings, LLC, United Construction & Development Group and FSA Capital LLC.

In addition to Skyline Tower, Risland has two projects in the United States:

Located in Prosper, Texas, Legacy Gardens is an upscale boutique 300-acre single-family masterplan community. The perfectly-sized development provides all the amenities and lifestyle benefits of a large, master-planned community with the intimacy of a smaller, more connected neighborhood.

Mantua, a 25-year project with a 2,950-acre mixed-use community within two cities, Van Alstyne and Anna, Texas, will be reshaping the growth of North Texas. The first phase of the development, called Mantua Point, will include nature trails, beautiful amenities, a dog park, a pool and several gathering areas. Ultimately, the development is projected to have more than 6,000 homes and over 600 acres of commercial, office and mixed-use space while adding more jobs and a building a better economy in both Van Alstyne and Anna.