The blocks between Court Square and Queensboro Plaza might have more new construction than anywhere else in the city, and today YIMBY has new renderings for one of the hood’s biggest new buildings, the 45-story tower rising at 23-10 Queens Plaza South.
When we checked in with the building last month, glass had already reached the 20th floor. Now the structure is inching toward 30 stories between the Queensboro Bridge and 42nd Road, only a few feet from the elevated 7 train tracks as they curve off the bridge and down 23rd Street.
Ultimately, the tower will top out at 481 feet and hold 337,096 square feet of interior space. Its 391 apartments will be divided across 306,446 square feet, yielding an average unit of 791 square feet. There will also be 30,650 square feet of commercial space, but the permits don’t specify whether it will be retail or offices.
Despite the wealth of subways at Queensboro Plaza and Court Square, the developer has voluntarily decided to build 195 parking spots on the second floor. The R9 zoning that enables such a tall tower also waives parking requirements in Long Island City and Manhattan south of 96th Street.
Property Markets Group is the developer, and SLCE Architects designed the tower, which has an alternate address at 23-10 42nd Road.
Queens Plaza South will be 100% market-rate, but the development will benefit from a 15-year 421-a tax abatement. Once the new 421-a rules take effect in January, projects like this one must rent 20% of their units at below-market rates in order to qualify for the 421-a tax break.
Property Markets Group is also behind the similarly named Queens Plaza Park, which got new renderings earlier this week. The building at 29-37 41st Avenue may one day reign as the tallest in the outer boroughs, with a planned height of 915 feet.