Confusion over the future of the 421-a tax exemption has slowed down new residential construction, but commercial development is alive and well across New York City, particularly in the outer boroughs. Yesterday, YIMBY spotted plans for a 16-story hotel in the industrial area just north of Queensbridge Houses in Long Island City.
Forest Hills-based property owner Kyong I. Park has filed applications for two two-story commercial-retail buildings at 40-09 – 40-11 29th Street, in the Queens Plaza section of Long Island City, located three blocks north of the elevated tracks for the E/M/R/7 subway lines. The northern building at 40-09 29th Street will measure 10,012 square feet and the other building will measure 9,212 square feet. There will be 14,907 square feet of commercial space across both buildings, and the Schedule A notes both will be used as retail space. Iljoong Kim’s Flushing-based Chio Design Consulting is the applicant of record. A two-story house at 40-09 29th Street and the Korean Philippo Church at 40-11 29th Street must first be demolished. Permits have not yet been filed to do so.
In December of 2014, YIMBY reported on filings for a six-story, eight-unit mixed-use building at 42-43 27th Street, in the Queens Plaza section of Long Island City. Then in the spring of 2015, the single-story occupant was demolished. Now, The Court Square Blog reports that excavation work is underway and a schematic drawing of the new building is posted on-site. Chang Hwa Tang’s Flushing-based Tan Architect is responsible for the design of the 9,372-square-foot project. There will be 1,450 square feet of ground-floor retail space and the residential units should average a rental-sized 694 square feet apiece. Xi Zhao, doing business as a Rego Park-based LLC, is the developer. Completion is expected in the summer of 2017.
Back in July of 2015, the façade was being installed on Ekstein Development’s eight-story, 105-unit residential building at 10-44 44th Drive (a.k.a. 44-80 11th Street), in the Hunters Point section of Long Island City. The Court Square Blog now reports all the windows have been installed and exterior construction has been finished. The project encompasses 103,268 square feet and its rental apartments should average 757 square feet apiece. Twenty-five of the apartments – a mix of studio, one-, and two-bedrooms – will rent at below market-rates. Amenities include 36 car parking spaces on the ground floor, bike storage, laundry, a gym, residential storage space, and an open-air recreational space on the second floor. GF55 Partners designed the building. Occupancy can be expected within the next few months.
As warm weather ushers the beginning of March, Rockrose Development’s 43-25 Hunter Street in Long Island City stands over 35-stories-tall. At 509 feet, the tower will become the fourth tallest in Queens upon its completion in 2017, when its 974 units will make it one of the city’s largest residential buildings.
