So, what we've established here is that a rental conversion to a luxury building isn't often the norm. And because of that you (Simka) aren't familiar with the use of renderings, because you don't look at listings for luxury conversions very often. That means the criticism of use of renderings is moot.
Now, you guys can disagree whether or not the building will be up to "luxury" standards. Remember, this is about the future state of the building and amenities, not the current. Why don't you go set up an appointment to see a unit, and then go to the sales office to find out about replacing the elevators or what's being done in the hallways beyond what is represented on the site?
It seems pretty clear to me based on the marketing, as well as the high asking prices and maintenance, the buyers they are targeting are people who don't mind spending more for services and finishes. Marketing it as a luxury building is a no brainer for the developer and realtor.
I also think based on what Simka describes as needing to be done to make it a "luxury" building, that Simka perhaps hasn't spent time in many buildings that describe themselves as "luxury." The older ones routinely have plain hallways that haven't been updated in 20 years. Even the new build hallways aren't anything to brag about. Industrial carpets and modern light fixtures, and walls with only one layer of paint. Wow, how luxurious.
FYI, the website does not claim it's a five minute commute to Manhattan. It claims a 12 minute commute. That's a pretty hopeful regular commute from 74th Street, but it's actually a reality on the best days.
Honestly, it sounds to me like you guys are just bothered by the first big harbinger of gentrification for the coop market in Jackson Heights.