42-60 Crescent Street

Construction Complete on 10-Story, 37-Unit Mixed-Use Building at 42-60 Crescent Street, Long Island City

11:00 am on September 9, 2016 By Reid Wilson

Construction has finally been completed on the 10-story, 37-unit mixed-use building under development at 42-60 Crescent Street, in the Court Square/Queens Plaza section of Long Island City. Photos of the finished product can be seen on the YIMBY Forums. The building, called Factory House, measures 56,711 square feet and rises 109 feet above street level to the top of its bulkhead. It contains 2,309 square feet of ground-floor retail, followed by residential units on the floors above. They will be condominiums, ranging from one- to four-bedrooms and averaging 1,189 square feet apiece. Rising Developers Group is both the developer and design architect. Alfredo T. Fredericks’s Elmhurst-based architecture firm is the architect of record. Occupancy can probably be expected soon.

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217 Bay 49th Street

Four-Story, Five-Unit Residential Building Planned at 217 Bay 49th Street, Gravesend

10:30 am on September 9, 2016 By Reid Wilson

An anonymous Chinatown-based LLC has filed applications for a four-story, five-unit residential building at 217 Bay 49th Street, in southern Gravesend. The project will measure 4,800 square feet and its residential units should average 852 square feet apiece. It’s unclear whether the units will be rentals or condominiums. Harry H. Hong’s Chinatown-based H2 Consulting is the applicant of record. The 20-foot-wide, 2,000-square-foot lot is currently occupied by a single-story house. Demolition permits were filed in August. The Bay 50th Street stop on the D train is located three blocks away.

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115-06 Myrtle Avenue

Mixed-Use Assemblage Purchased at 115-06 Myrtle Avenue, Richmond Hill

10:00 am on September 9, 2016 By Reid Wilson

Forest Hills-based Platinum Realty has acquired the two-story commercial building at 115-06 Myrtle Avenue, located on the corner of 115th Street in Richmond Hill, for $3.7 million, Commercial Observer reported. The sale comes after the previous owners began marketing the site, which consists of four parcels, back in November of 2015. The site could accommodate a mixed-use project, with commercial and residential space, of up to 26,524 square feet, as-of-right. A new development could grow to 70,000 square feet if it includes affordable residential units and benefits from the inclusionary housing zoning bonus. The new owner’s plans have not been disclosed. All of the parcels are vacant or have been vacated.

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