Foundation work is now underway on the 54-story, 790-unit residential redevelopment of the seven-story former Eagle Electric Manufacturing building at 43-22 Queens Street, in the Queens Plaza/Court Square section of Long Island City. The news comes as The Court Square Blog recently snapped some shots of the construction site. The latest building permits indicate the entire project will measure 712,747 square feet. The complex will feature rental apartments averaging 763 square feet apiece. Amenities include private residential storage, an inner courtyard, multiple tenant lounges, a fitness center, a bike storage room, laundry facilities, a library, a children’s playroom, and a rooftop terrace on the seventh floor. YIMBY revealed renderings of the SLCE Architects-designed project back in March of 2015. Over the past year or so, crews have gutted the existing building and conducted excavation work at the site. Rockrose Development is the developer, and completion is anticipated in late 2017.
Metropolitan Realty Associates and TIAA are in contract to acquire the four-story, 342,000-square-foot industrial property at 47-25 34th Street, located on the corner of 48th Avenue in the Dutch Kills section of Long Island City. The property is being sold for $90 million, according to Crain’s. The eventual new owners plan to convert the building into modern office space to the tune of more than $10 million. The property is currently 55 percent vacant, with the occupied portion is being utilized as warehouse and showroom space. The sale comes two years after Brickman acquired the building for $60 million. Future office tenants will be located two blocks from the 33rd Street stop on the 7 train.
Floral Park, N.Y.-based Maddd Equities has filed applications for 15 two-family houses at the vacant plot of land bound by Murray Street, 17th Avenue, and 150th Place in Whitestone, Queens. The individual buildings, to stand two stories in height, will measure between 3,465 square feet to 4,470 square feet. Across the entire development, the full-floor apartments should average 1,316 square feet apiece, indicative of family-sized configurations. So far, filings have been submitted for the addresses of 16-03 – 16-11 Murray Street, 16-02 – 16-16 150th Place, and 151-01 – 151-25 17th Avenue. Roslyn, N.Y.-based Shahriar Afshari is the applicant of record. The land is currently being used as a parking lot, probably for the St. Luke’s School across the street.
The city’s Parks Department is planning to move forward with transforming the vacant lot at 50-02 39th Avenue, located on the of 50th Street in Sunnyside, into a public park. The city recently designated $3 million to acquire the property from its owner, DBH Associates, DNAinfo reported. DBH acquired the plot in 2007 for $1.45 million and is open to selling the property. The owner attempted to built a two-story, eight-unit apartment building at the site, but the Landmarks Preservation Commission disapproved the plans in 2014. The site is located within the Sunnyside Gardens Historic District, which means the design of the park (and its structural elements) will have to be approved by the LPC.
Normally, when YIMBY hears about development in eastern Queens, it’s happening in Flushing or Jamaica. But over the weekend, we stumbled across permits for a new apartment building in Briarwood, a middle-class neighborhood wedged between Jamaica and Kew Gardens.