Queens

Hudson Yards from 53 West 53rd Street, image by Andrew Campbell Nelson

YIMBY’s 2018 Mid-Year Pipeline Report Shows Surge In New Development Filings With YTD Unit Count Increasing 67.5% Over 2017

While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.

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42-50 24th Street, rendering by Dynamic Star LLC

Another Contender for Queens’ Tallest Skyscraper Revealed at 42-50 24th Street, Long Island City

Renderings are out for a 74-story tower at 42-50 24th Street, in downtown Long Island City, Queens. If built, the structure would be a major addition to the borough’s vertical profile, with a speculative minimum height of 750 feet, based on double-height retail at the base. If it ends up being any higher, the structure would become the tallest structure in Queens. Its current competitor is 23-15 44th Drive, a condominium tower expected to rise 752 feet, and is located three blocks to the south. The tallest proposed building for the borough was formerly 29-37 41st Avenue, though developer Durst downsized the project to just 710 feet.

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98-04 Queens Boulevard , via Google Maps

Permits Pre-Filed for 98-04 Queens Boulevard, Rego Park, Queens

Permits have been pre-filed for a 23-story mixed-use building at 98-04 Queens Boulevard in Rego Park, Queens. The site is two blocks away from the 63rd Drive subway station, serviced by the E, M, and R trains. Avi Matatov of RB Realty Capital LLC is responsible for the development. Matatov purchased the site from the previous developers, Bahar Corporation, for $12 million in mid-January 2018. Previous plans had involved building a seven-story mixed-use building.

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