The Art Moderne-inspired facade of 24-16 Queens Plaza South is starting to show progress. The tower is already topped out at 23 stories, and stands next to the elevated 7 train in Long Island City. Silverback Development is the developer of the residential project. The building was previously purchased from Greystone Development at a cost of $80 million. The acquisition calls for a conversion from rentals to condominiums.
In a surprise announcement, Silverback Development has acquired development rights for a new, 23-story residential project that has already topped-out in Long Island City, Queens. Located at 24-16 Queens Plaza South, the property was previously owned by Greystone Development, who sold the building for approximately $80 million.
Today YIMBY has the first rendering for a new residential development coming to 212 Wadsworth Avenue, in Upper Manhattan. The development is rising on the site of the demolished Wadsworth Avenue Baptist Church, which was purchased in 2015 for $8 million. Silverback Development has partnered with Caerus Group on the $47 million project.