The New York City Council has unanimously approved applications for zoning amendments that will facilitate a commercial redevelopment project at 23-10 Queens Plaza South in Long Island City, Queens. Designed by SLCE Architects and developed by New England-based Dynamic Star, the project entails the partial demolition and expansion of an existing warehouse and the construction of a 26-story office tower.
The building will debut as Opus Point and comprise around 400,000 square feet of Class A office space. Tenant amenities will include a 14,000-square-foot landscaped roof terrace, an 8,000-square-foot fitness center with a half basketball court, a 4,000-square-foot conference space, and indoor bicycle storage.
The project will also feature publicly accessible outdoor space with free Wi-Fi, a cultural space for local non-profit organizations, and flexible indoor areas for youth programming.
Rendering of the Opus Point roof terrace at 23-10 Queens Plaza South – Courtesy of Dynamic Star; Lemay-id
“We are excited to offer Long Island City a new standard in office buildings,” said Dynamic Star CEO Gary Segal. “Opus Point is designed to promote the health and wellness of our tenants. We believe that a healthy work environment, combined with a rich mix of tenant and public amenities, is essential for employees’ productivity and overall well-being and for making a positive contribution to the Long Island City neighborhood.”
CBRE is the exclusive marketing and leasing agent for Opus Point, which is expected to be delivered by June 2025.
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Funny but I thought there was an over supply of office space.
Class A office space is leasing well. In manhattan at least.
There is an oversupply in old, undesirable office space.
The age of rent seeking in the commercial real estate market has mostly ended.for now at least.
I still think it would be better to build housing instead
I agree, residential development would be the best public policy. However this would require substantial rezoning, and more importantly an about face in how the City treats residential landlords.
There is a general trend of adopting legislation that requires ever increasing landlord concessions, liabilities, and treatment towards their tenants. Rent caps, eviction moratoriums, affordable housing fights, construction requirements, etc. All of that makes residential less desirable for future development. What we are left with is a glut of “luxury residential” buildings which are geared to the higher end of the market where many of those risks are avoided.
Very nice. Good to see some Class A office space being constructed in LIC.
Not a bad design and keeping the historic building facade below proves that we don’t have to keep destroying them.
It is surprising to see more office space being built. As Midtown leases expire, looking up at most Class A buildings at night, shows all the floors now gutted of their interiors waiting for new tenants. Staying at home is destroying downtowns all over the country, and commercial cores are the largest source of tax income for cities.
I see people on here claim that companies just move their workers to these new, expensive buildings. But that creates a problem of making other office buildings go empty.
That has ALWAYS been the case. Simply, new buildings with their latest of amenities are more attractive to tenants than older ones.
In the past LIC has had trouble maintaining a solid foothold in the office market, along with Downtown Brooklyn. Midtown just sucks up all the oxygen in commercial real estate. Do they have a marquee tenant lined up?