58-Story Residential Tower At 42-12 28th Street Receives Funding, in Long Island City

42-12 28th Street42-12 28th Street, rendering via Heatherwood Communities

PNC Bank has provided $154 million in financing to Heatherwood Communities to construct their planned 58-story, 477-unit residential tower now under construction at 42-12 28th Street, in Long Island City. YIMBY first revealed the project in April 2014, and construction was underway in January. Dubbed 28 on 28th, completion is expected in 2017. [The Real Deal]

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