Queens

21-00 49th Avenue

Developers To Convert Two Long Island City Industrial Buildings At 21-09 Borden, 21-00 49th Avenues Into Office Space

1:00 pm on March 23, 2016 By Reid Wilson

In February, Related Companies and GreenOak Real Estate purchased the seven-story, 168,000-square-foot industrial building at 21-09 Borden Avenue, in southern Long Island City, for $62.5 million. The Real Deal now reports the developers have secured a total of $60.8 million in loans, some of which will be used to convert the property into an office building. The two developers also purchased the Paragon Building – a six-story, 108,000-square-foot former industrial building at 21-00 49th Avenue, in southern Long Island City – for roughly $47.5 million. The property is located two blocks to the north and is also expected to be converted into office space. An architect and targeted completion dates have not been disclosed.

120-09 Ninth Avenue

Two Two-Story, Two-Family Houses Coming To 120-09 Ninth Avenue, College Point

2:00 pm on March 22, 2016 By Reid Wilson

Property owner Jin Yang has filed applications for two two-family residential buildings at 120-09 – 120-13 Ninth Avenue, located on the northern end of College Point. Both will stand two stories in height and will measure 3,579 square feet apiece. Within the entire development, the full-floor apartment units will spread across 4,773 square feet, which means they will individual measure a spacious 1,193 square feet each. Yuk Lam’s Fresh Meadows-based Lam Engineer is the applicant of record. The 7,467-square-foot plot of land is currently occupied by two-story house, with an address at 120-15 Ninth Avenue. Demolition permits were filed in January.

1873 Starr Street/176 Woodward Avenue, rendering by Aufgang Architects

New Developers To Build Five-Story, 130-Unit Residential Project At 1873 Starr Street, Ridgewood

11:00 am on March 21, 2016 By Reid Wilson

In October of 2015, YIMBY reported on applications for a five-story, 130-unit residential building at 1873 Starr Street, in western Ridgewood, located five blocks from the Jefferson Street stop on the L train. Now, Slate Property Group has sold the development site to Valyrian Capital and MGM Property Group for $18.5 million, according to Real Estate Weekly. The new owners plan to move forward with the approved project, which measures 141,929 square feet in total and will include 5,009 square feet of ground-floor retail space along with 3,000 square feet of community facility space. The apartment units should average 650 square feet apiece, with 45 of them to be rented at below-market rates. Amenities include a gym, a roof deck, a laundry room, and a garage for 64 bikes and 65 cars. Aufgang Architects is designing the building.

41-32 27th Street

Reveal For 15-Story, 43-Unit Apartment Building At 41-32 27th Street, Long Island City

6:00 am on March 21, 2016 By Reid Wilson

Back in October of 2015, schematic drawings surfaced for the planned 15-story, 43-unit residential project at 41-32 27th Street, in the Queens Plaza section of Long Island City. A rendering of the new 43,808-square-foot building is now available, and Commercial Observer is reporting the developer, Hakimian Organization, has secured $15.5 million in construction financing. The residential units will be rental apartments and should average 800 square feet apiece. Amenities include private storage spaces, storage for 23 bikes in the cellar, a gym, and 1,131 square feet of rooftop recreational space. Robert Bianchini’s Forest Hills-based ARC Architecture + Design Studio is the architect of record, and David Howell Design is responsible for the interiors. Construction is underway and completion is expected in early 2017.

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