Development partners Newmark Knight Frank and Elms Realty Corp will soon debut a five-building mixed-use complex in Long Island City, Queens. Known as Urban Yard, the complex will eventually comprise 400,000 square feet of office and retail components in addition to a large parking garage.
The existing warehouse structures on site will be fully renovated to support commercial activation. This includes modernized mechanical, electrical, and plumbing systems, updated facçades, and the construction of a large central courtyard.
The first phase of the project is an 87,000-square-foot office building located at 40-09 21st Street. Designed by Input Creative Studio, the building will feature 15,000-square-foot floor plates, oversized industrial windows, tenant amenities, and a large ground-floor lobby.
Construction at 40-09 21st Street will soon be complete and leasing is scheduled to begin next year. The entire Urban Yard complex is expected to debut following three years of construction.
“We are very excited to represent Elms Realty for this very significant redevelopment project,” said Bernard Weitzman, senior managing director of Newmark Knight Frank. “Once renovated, Urban Yard and 40-09 21st Street, as the first phase of the project, will become one of the finest new available office options in Long Island City.”
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Other than the occasional stray bullet from Queensbridge, this should work out fine.
Extreme poverty (and its problems), living alongside wealth, is an increasingly common feature & reality of this diverse and thriving city –and an unfortunate reflection of a decades-long increase of nationwide social inequality & powerlessness, a growing & unsustainable scenario of the greedy that grab, and the poor who don’t have.
A TRULY sensible man would welcome developments that bring people, activity and jobs to a struggling & sometimes desolate area such as this, an area within the larger context of a rapidly changing LIC that is changing for the better, even though the changes usually benefit the wealthy the most.
a truly sensible man would bulldoze the NCYHA subsidized housing and redevelop it
NIMBY is even worse!