At 42-60 Crescent Street, the 10-story, 37-unit Factory House is inching closer to its 2016 completion. The one- to four-bedroom, 626 to 2,102 square-foot condominiums are available for anywhere between $670,000 and $1.35 million. Rising Developers Group serves as both the designer and the developer, while Douglas Elliman is handling sales and marketing.
Long Island City
Long Island City is bursting with new residential towers, but it has few large commercial spaces that could accommodate grocery stores, drug stores, or gyms. Today, YIMBY has a look at the planned renovation for a commercial building at 27-35 Jackson Avenue, which could help fill that retail hole and attract a valuable tenant.
Late last year, YIMBY reported on applications for a 10-story, 428-unit residential building at 30-17 40th Avenue, in northern Long Island City, and now Curbed reports the Lightstone Group is the developer. Per filings with the DOB, the building will measure 293,703 square feet, but that only includes a portion of the building’s entire area, which will measure 413,000 square feet in total. Retail space will also measure 3,181 square feet on the ground floor. The project will be made up of studios, one-, and two-bedroom units, as well as 22,000 square feet of amenity space. Gerner Kronick + Valcarcel Architects is the applicant of record, and completion is expected in 2017.
The administration of Mayor Bill de Blasio has decided to tamp down on hotel development in industrial zones, but dozens of hotels are already on the rise in Long Island City’s manufacturing areas. YIMBY has a rendering of a 20-story hotel in the works at 52-09 31st Place, in a particularly forlorn and polluted micro-hood known as Blissville.
Excavation kicked off this past summer for the 35-story, 270-unit mixed-use building planned at 44-26 Purves Street, in Long Island City, and now the structure is finally rising, with concrete and rebar now to the second floor, per The Court Square Blog. Brause Realty and the Gotham Organization are developing, while FXFOWLE is designing. The project will also have 2,600 square feet of retail space on the ground floor. Completion is expected in late 2017, per on-site signage.
In February of this year, YIMBY reported on applications for a 15-story, 99-unit mixed-use building at 41-20 27th Street, in Long Island City, but now the developer, Rabsky Group, is planning to build an 18-story, 195-unit residential building, with a small 2,888 square-foot retail component on the ground floor. The Real Deal has renderings of the project, which is being designed by ODA Architecture. The building will measure 140,130 square feet, and its rental units will average 704 square feet apiece. Existing low-slung commercial buildings must first be demolished, and completion is expected in mid 2017.