Quadrum Global

45-40 Vernon Boulevard

Reveal For Multi-Building Mixed-Use Development At 45-40 Vernon Boulevard, Long Island City

Over the summer, YIMBY reported on applications for a 28-story, 296-unit residential building with retail space at 45-40 Vernon Boulevard, in Long Island City’s Hunters Point neighborhood. Renderings surfaced last week of the ShoP-designed project, which will actually include two additional new buildings, taking the form of smaller 14- and eight-story structures. Also, the existing and dilapidated four-story Paragon factory will be redeveloped rather than razed. A zoning variance must first be obtained, and besides the Paragon factory, other warehouses will need to be demolished. Simon Baron Development and Quadrum Global are developing.


351 West 38th Street

26-Story, 500-Key Hotel Revealed At 351 West 38th Street, Garment District

Towards the end of last summer, YIMBY reported on applications for a 21-story, 400-key hotel at 338 West 39th Street, in the Garment District. That building will be developed by Sam Chang’s McSam Hotel Group on the 39th Street side of the block-thru site, and Quadrum Global is planning to develop a separate hotel on the site’s southern half, fronting 38th Street. According to The Real Deal, Quadrum Global plans a 26-story, 500-key hotel, which Marvel Architects is designing. Each hotel is expected to measure roughly 125,000 square feet, and the existing commercial building will be demolished next year move out next year.


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