SB Development Group

Housing Lottery Launches for Rise LIC at 29-17 40th Avenue in Long Island City, Queens

The affordable housing lottery has launched for Rise LIC, an 11-story mixed-use building at 29-17 40th Avenue in Long Island City, Queens. Designed by Fogarty Finger Architects and developed by SB Development, the structure yields 103 residences. Available on NYC Housing Connect are 31 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $53,898 to $192,400.

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The Nova Rises Toward Halfway Mark at 41-05 29th Street in Long Island City, Queens

Construction is rising rapidly on The Nova, a 24-story residential project at 41-05 29th Street in Long Island CityQueens. Designed by Fogarty Finger and developed by SB Development Group, the 290-foot-tall structure will yield 86 homes and ground-floor retail space on a triangular plot at the confluence of 29th Street and 41st Avenue. The developers recently secured a construction loan from SCALE Lending worth $55 million to complete the project.

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Updated Rendering Revealed for 41-05 29th Street in Long Island City

An updated preliminary rendering has been revealed for 41-05 29th Street. The site is located in Long Island City, Queens and will eventually be home to a 24-story mixed-use residential development with ground-floor retail. An excavator and a piling machine were also seen on the triangular corner lot. The property sits at the confluence of 29th Street and 41st Avenue and also happens to be located across the street from Queens Plaza Park, which will become the second-tallest building in the downtown neighborhood upon completion. The tower at 41-05 29th Street is being designed by Fogarty Finger and developed by SB Development Group.

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