Permits have been filed for a four-story residential building at 74-25 43rd Avenue, in Elmhurst, Queens. The site is four blocks away from the Roosevelt Avenue-Jackson Heights Subway Station, serviced by the E, F, M, and R trains, as well as the 74th Street Subway Station, serviced by the 7 trains. Qiu Fang LLC will be responsible for the project.
The world’s current tallest residential tower, 432 Park Avenue, has broken a record. Total sales of its condominiums have now surpassed $2 billion, and co-developers CIM Group and Macklowe Properties have made the announcement that their Midtown project has now achieved the all-time record for all of New York City. This news leaves the developers just $1.1 billion dollars shy of their expected total $3.1 billion sell-out.
Financing has been secured for a new eleven-story conversion at 25-11 49th Avenue, in Long Island City, Queens. The site was sold to Normandy Real Estate Partners and Keystone Equities in September 2016 for $39.1 million, at over $200 per buildable square foot. The rendering reveals their plan is to refurbish the existing two-story facility, build up eight stories along half the extant area, while using the other half of the roof for green space.
Permits have been filed for an eight-story residential building at 1228 Washington Avenue in Morrisania, The Bronx. The site is thirteen blocks away from the 167th Street Subway Station, serviced by the B and D trains. The Daniel Group will be responsible for the development.
Permits have been filed for a six-story mixed-use building at 321 Franklin Avenue in Bedford-Stuyvesant, Brooklyn. The site is six blocks away from the Bedford-Nostrand Avenue Subway Station, serviced by the G. Citi General Hardware will be responsible for the development.
