Skyview Parc is doing better than I expected, but it is far from a success. Heck, it's not even finished yet, nor has any of its residents moved in yet. In fact, many residents are suing to get out of or renegotiate their condo contracts:
http://ny.curbed.com/tags/sky-view-parc
They're suing because the developers are not just well behind and $160 million overbudget on the first phase of the $1 billion project, but also in need of $150 million more just to finish that first phase. That is, they agreed to pay a fair amount for their condos, and the developers clearly haven't delivered their stunning vision, as seen on their website:
http://www.skyviewparc.com/
http://www.luxist.com/2008/03/24/sky...s-to-flushing/
The funniest thing about the promotional photo is how much it ignores the actual surroundings. Instead of the industrial buildings and businesses of College Point Blvd., the potholed and worn-down streets, and even the 7 Train tracks on its right, the photo shows it surrounded by trees, as if it was located in Flushing Meadows Park.
On a related note, its locale and surroundings may hurt its ultimate success. It's relatively far away and isolated from the rest of Flushing, especially the 7 Train and the buses. I've already mentioned that it's located amongst the industrial College Pt. Blvd. setting. It won't change any time soon, but it's slowly changing: in the 1990's, Prince St. was still surrounded by the same industrial businesses as well, and it has changed markedly since then.
But still, it's not that far from downtown Flushing and public transit. And it has a parking garage for motorists, though it's not free (but it still has reasonable rates, for now at least).
However, all the pluses and minuses I mentioned above are outweighed by one big factor - the project is directly across the street from the Bland Housing Projects. Of course, Lincoln Center hasn't taken a big hit by its eponymous housing project next door - it simply isolates itself from and ignores those projects. Which is not too different than what the rest of Flushing has been doing for this whole time, basically (well, it ignores the projects and keeps them isolated). So it probably isn't that big of a factor now that I think of it.