The Prime, a 120,000-square-foot mixed-use development at 22-43 Jackson Avenue in Long Island City, Queens, is taking shape. Scaffolding and netting shroud the entire façade, with work on the blue-colored waterproofing membrane visible behind the screen. SRA Architecture + Engineering is the designer of the 11-story building, which is being developed by Circle F. Ryan Serhant of The Serhant Team and Bravo’s Million Dollar Listing: New York is head of sales and marketing for the 71 residential units, which average around 900 square feet apiece. Interiors are being designed by Andres Escobar of Lemay + Escobar.
Circle F Capital
YIMBY previously reported on preliminary plans for a new mixed-use development coming to 22-43 Jackson Avenue, in Long Island City, Queens, back in April of 2016. Now, we have the first rendering of the project, which is being developed by the Feldman Family’s Circle F Capital.
In February of 2015, the property owners of the development site at 22-43 Jackson Avenue (a.k.a. 45-60 23rd Street), located in the Court Square section of Long Island City, placed the property on the market, asking $29 million. Now, Circle F Capital is in contract to acquire the site for nearly $25 million, according to The Real Deal. The developer is planning a 10- or 11-story mixed-use building, with condominium units and 25,000 square feet of retail space. The plot, which is currently occupied by a single-story office building, can accommodate up to 76,000 square feet of development potential. Demolition permits have not been filed for the existing building, nor have new building applications for the new one.