Lu Ning Architecture

Render of 26-01 4th Street, courtesy of Lu Ning Architecture

Developer Secures Bridge Loan to Complete 26-01 4th Street In Astoria, Queens

Developers have secured a $60.25 million bridge loan to complete construction on 26-01 4th Street, a 13-story residential building in the Hallets Point section of Astoria, Queens. Designed by Lu Ning Architecture and developed by Ming’s Garden Realty LLC, the structure will yield 143 condominium units in studio to two-bedroom layouts, as well as a 40,034-square-foot community facility and 167 parking spaces. New Land Capital arranged the loan from Slate Property Group and LibreMax Capital for the property, which is located at the corner of 4th Street and 26th Avenue.

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46-30 21st Street Tops Out in Long Island City, Queens

Construction has topped out on 46-30 21st Street, a nine-story residential building in the Hunters Point section of Long Island City, Queens. Designed by Lu Ning Architecture and developed by Chris Xu of United Construction and Development Group under the 21st Street Development LLC, the 95-foot-tall structure will yield 71 units, ground-floor commercial space, and a 23-vehicle parking garage in the cellar. The developer acquired the property for $13 million in 2020 and demolished the two-story warehouse building that occupied it. Century Construction Group Corp. is the general contractor for the project, which is located at the intersection of 21st Street and 46th Road.

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