A 50-story skyscraper could potentially rise from an assemblage of three undeveloped lots in the heart of Long Island City, Queens. The combined 25,177-square-foot parcel is known as QPX and consists of 30-25 Queens Boulevard, 29-00 Northern Boulevard, and 29-14 Queens Plaza East. The property is located adjacent to Sunnyside Yards and is sandwiched between two new high-rise developments.
When it comes to new development in New York City, one of the most prolific and notable of the current firms in existence is The Durst Organization, which previously led the construction of One World Trade Center in a public-private partnership with The Port Authority. YIMBY recently interviewed its eponymous head, Douglas Durst, who gave updates on the firm’s major new Long Island City project, dubbed Sven, as well as a range of other topics.
In a master plan created in part by the city’s Economic Development Corporation (EDC), 12,000 affordable apartments could be built over Sunnyside Yard in Queens. If it comes to fruitrition, it would be the largest recent development of affordable housing, to the tune of an estimated $14.4 billion. The hefty price includes the deck over the rail yard on which the residential buildings will sit, as well as the streetscape and infrastructure for utilities, a new rail station for commuter trains, multiple schools and libraries, commercial space for offices, manufacturing, and retail, and 60 acres of open space and public parks.
This fall, a number of reports have emerged about the possibility of decking over and developing Sunnyside Yard, the Amtrak-owned facility wedged between between the Long Island City and Sunnyside neighborhoods in western Queens. Amtrak has expressed interest…
1 West End Avenue [Commercial Observer]: Silverstein Properties and Elad Group are seeking “about $500 million in construction funds” to develop a mixed-use 366-unit tower at 1 West End Avenue, located within the Riverside Center redevelopment on…