As property values in Long Island City skyrocket, developers are starting to look a little further afield for places to build office space. A pair of developers are taking a chance on an industrially zoned strip in Sunnyside, just across the rail yards from Long Island City. They just filed plans for an eight-story office and medical building there at 38-01 Queens Boulevard, on the corner of 38th Street.
The 136-foot-tall development would replace a two-story factory formerly occupied by the Liberty Brass Turning Company, which manufactures machine parts. The firm relocated out to Long Island and sold their sizable warehouse for $12,070,000 in December 2015. Curbcut Urban Partners LLC and Platinum Realty Associates scooped up the 22,500-square-foot plot and revealed their office plans to the Wall Street Journal in May.
The new building would hold 40,357 square feet of commercial space and 89,540 square feet of medical offices. The project is about twice as large as it would be if it only held commercial or industrial space, because the medical offices function like a zoning bonus on top of the allowed commercial space. This area is zoned M1-4 for low-density factories and warehouses, but all kinds of commercial development are allowed.
SBLM Architects are handling the design.
Subscribe to the YIMBY newsletter for weekly updates on New York’s top projects
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Just looking at a map it would seem like long term this area will see lots of development, plenty of parking lots/under-developed properties over there. Eventually when the Sunnyside Yards get fully or partially decked over it may essentially become and extention of LIC.
A project in an industrially zoned in which all the areas are paid, for by a new development on commercial.