Long Island City

Construction Update: 5-33 48th Avenue, Long Island City

While most ongoing projects in booming Long Island City involve ground-up construction, 5-33 48th Avenue, two blocks east of the East River, is a conversion of the type more commonly seen in the borough across that river. The renovation and expansion of a four-story manufacturing building into a seven-story residential property is well underway. The project will feature 36 units, as well as retail at the ground floor. Joseph A Sultana of JLS Designs Architecture is indicated as the general contractor on the project’s work permit.

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42-50 24th Street

Developers Acquire Mixed-Use Development Site At 42-50 24th Street, Long Island City

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.



Hunters Point South

Works Begins On Phase Two Of Hunters Point South Mega-Development, Long Island City

Earlier this year, construction wrapped up on the first phase of Long Island City’s Hunters Point South mega-development, which includes two residential towers with a total of 925 affordable units, plus a 1,100-seat school and a waterfront park. The city is now moving forward to build the infrastructure needed for the project’s second phase, and Curbed reports excavation work is well underway. The second phase will include, but is not limited to, a 1,193-unit mixed-income residential building, which is to be developed by TF Cornerstone and Selfhelp Community Services. Thousands of additional residential units are also in the works, along with retail and community space. Thomas Balsley Associates, Weiss/Manfredi, and ARUP are designing the public park that will eventually line the waterfront. The park and infrastructure work is expected to be complete by 2018.


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