Earlier this year, an alert YIMBY reader spotted a commercial building being transformed into a residential project in Long Island City. Today, we have a look at the planned final product.
The Hakimian Organization
In February, news broke that the two-story, 22,254-square-foot commercial building at 44-16 23rd Street, in the Court Square section of Long Island City, was going to be transformed into retail space. The Hakimian Organization, which is ground-leasing the property for 99 years from its property owner, is now conducting gut-renovations on it, The Court Square Blog reported. Plywood fencing currently surrounds the structure, which is will receive both interior and exterior upgrades. The windows on both the ground and second floors will be restored to their original sizes, after they were reduced in size following a previous alteration. JRT Realty, who is the leasing agent, is considering securing a restaurant, retailer, gym, an office tenant, or a mix of the those. Woodside-based Topos Design is the architect of record. Completion can probably be expected later this year.
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.
The Midtown-based Hakimian Organization has sign a 99-year ground lease for the two-story, 22,254-square-foot commercial building at 44-16 23rd Street, in the Court Square section of Long Island City. The developer is planning to gut-renovate the property and redesign the exterior, according to The Real Deal. JRT Realty Group, who will be leasing the space, is considering a restaurant, retail, a gym, or office space, depending on the anchor tenant. The property owner is 44-16 23rd Operating Company.
The Hakimian Organization, partnered with Gorjian Properties, is acquiring 16,000 square feet of air rights for their planned 24-story, 246-key hotel building at 250 West 49th Street, in Midtown’s Theater District. The existing eight-story building is to be converted into the hotel’s lower portion, while a 16-story expansion will be placed on top, topping out at 279 feet in height. The 94,850 square-foot structure will also feature retail on the ground floor. Gillman Consulting Inc. is the applicant of record.