In a surprise announcement, Silverback Development has acquired development rights for a new, 23-story residential project that has already topped-out in Long Island City, Queens. Located at 24-16 Queens Plaza South, the property was previously owned by Greystone Development, who sold the building for approximately $80 million.
Long Island City
YIMBY has word that Tishman Speyer has finalized lease agreements for all 1.2 million square feet of its recently completed office development known as “The JACX,” in Long Island City. While the property has not officially debuted, the building’s list of tenants includes Macy’s, Inc., New York-Presbyterian, Bloomingdale’s, WeWork, and a primary care practice operated by Weill Cornell Medicine.
Earlier this year, construction kicked off on a new condominium building at 5 Court Square, in Long Island City. Today, the 11-story project has topped-out, with the glass facade about halfway up the structure.
Already several floors above street level in the heart of Long Island City, Court Square City View Tower, aka 23-15 44th Drive, is rising steadily towards its 778-foot tall pinnacle above Queens. The building will have 67 floors of residential living, and rise higher than the stepped crown of the Citibank building, aka One Court Square, which will make it the tallest building in all of Queens. CSCVT is currently the 22nd-tallest tower rising in the Five Boroughs overall, and is set to contain nearly one million square feet of space, with 802 units. The project is being designed by Hill West Architects while the developer is United Construction & Development Group.
Amazon has officially revealed its plan to develop a second headquarters along the East River banks of Long Island City, Queens. The “HQ2” corporate complex will span multiple lots and structures on Vernon Boulevard, from 44th Road, all the way to 46th Avenue.