A new look is out for the residential building rising up next to the historic Long Island City Clock Tower. The development, rising at 29-37 41st Avenue, is expected to have the distinction as the Borough’s tallest building, bringing with it a new retail center, plenty of tenant amenities, and half an acre of public park space at its base. The building is located just a block away from the Queens Plaza subway station, an intersection with the E, M, and R trains. The 7, N, and W trains can be accessed two blocks away. The project is positioned to become a focal point of Queens’ rising downtown district in Long Island City, and the Durst Organization is responsible for development.
29-37 41st Avenue
The Durst Organization acquired the development site surrounding and including 27-29 Queens Plaza North last December for $173.5 million, and while SLCE Architects had previously conceived plans for a tower nearing supertall status, the design now appears to be changing. Handel Architects has filed for permits for a two-story retail building that will rise at 29-23 Queens Plaza North, on the southwestern corner of the site, which will have a total construction area of just over 20,000 square feet. There will be 10,333 square feet of commercial space within, and the structure will rise 41 feet to its rooftop.
The Durst Organization has acquired, for $173.5 million, the high-profile mixed-use development site at 29-37 41st Avenue, in Long Island City’s Court Square section. The new owner plans to build a tower with 1,000 rental apartments, rising as tall as 914 feet above street level, the New York Times reported. It’s expected that 25 percent, or 250 units, will rent at below-market rates through the housing lottery, Real Estate Weekly reported. The project would also include the creation of a half-acre public park. The sale included the vacant 14-story, 49,300-square-foot commercial building at 27-29 Queens Plaza North, an individual landmark, which was expected to receive a renovation by the same previous developers.
On Tuesday. the Landmarks Preservation Commission voted to designate the former Bank of Manhattan Company Building at 29-27 Queens Plaza North, in Long Island City, as an individual landmark, preserving it for generations to come. The developer of what is expected to be the borough’s tallest building (and the new tallest building outside Manhattan), which will be next door, already plans to work with the landmark structure.
The vacant 10-story clock tower at 29-27 Queens Plaza North, in Long Island City, will likely be landmarked in the coming weeks, according to DNAinfo. The property owners, Hakin Organization and Property Markets Group, plan to renovate the building to accommodate office space, and possibly retail. The owners are also planning the development of a 77-story, 930-unit mixed-use building at the adjacent lot 29-37 41st Street.