Construction is rising rapidly on The Nova, a 24-story residential project at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger and developed by SB Development Group, the 290-foot-tall structure will yield 86 homes and ground-floor retail space on a triangular plot at the confluence of 29th Street and 41st Avenue. The developers recently secured a construction loan from SCALE Lending worth $55 million to complete the project.
YIMBY’s last update in April 2019 showed early stages of excavation, with piling machines preparing for work to begin. More than two years later, the reinforced concrete superstructure is over a quarter of the way up. The upper levels are laden with wooden formwork supporting the exterior columns, walls, and floor plates, and the curved corner is becoming more apparent as the building rises.
The rendering depicts a white façade breaking up the window grid into sections of six stories. Each four-story portion features seven columns of vertically-oriented rectangular frames that repeat roughly five times towards the flat roof parapet. One interesting architectural element is found on the bottom of the narrow elevation, where a pair of columns gently curves away from the base toward the flat sides of the building.
The Nova will yield approximately 95,000 square feet of newly built space. It was last reported that the ground-floor retail will take up about 2,050 square feet, while the 86 residential units will average 797 square feet each. Residential amenities include a fitness center, library, children’s lounge, on-site storage, and 41 bicycle parking spaces. The E, M, and R trains are located two blocks away at the Queens Plaza station, and the 7, N, and W trains are five blocks away at the Queensboro Plaza station.
A completion date of June 1, 2024 is precisely stated on the construction board.