Bruce Teitelbaum and a group of investors are proposing a mixed-use, multimillion-square-foot development at 44-02 Vernon Boulevard, on the East River, in Long Island City. According to Politico New York, the vacant 212,670 square-foot property will likely be rezoned for a residential tower of more than one million square feet. Teitelbaum is also planning to acquire the six-story office building at 44-36 Vernon Boulevard, currently owned by the city. If successful, the project may also include open space, affordable housing, a public school, and a hotel.
The proposal also features a pedestrian bridge crossing the East River to Roosevelt Island. 44-02 Vernon Boulevard is currently owned by Vernon Realty Holding, LLC, and Teitelbaum is in talks with SHoP Architects to design.