Renderings are out for a 74-story tower at 42-50 24th Street, in downtown Long Island City, Queens. If built, the structure would be a major addition to the borough’s vertical profile, with a speculative minimum height of 750 feet, based on double-height retail at the base. If it ends up being any higher, the structure would become the tallest structure in Queens. Its current competitor is 23-15 44th Drive, a condominium tower expected to rise 752 feet, and is located three blocks to the south. The tallest proposed building for the borough was formerly 29-37 41st Avenue, though developer Durst downsized the project to just 710 feet.
42-50 24th Street
Property Markets Group and the Hakim Organization have purchased the roughly 34,000 square-foot property at 42-50 24th Street, in the Queens Plaza section of Long Island City, for $69 million. The site boasts approximately 270,000 square feet of development rights that could go towards a mixed-use project. The property is currently occupied by a taxi company and their old single-story building, although plans for the future have not been disclosed, per The Real Deal. The same developers recently topped out their 44-story, 391-unit mixed-use project a block to the north at 23-10 Queens Plaza South.