Developers have revealed new renderings of a rising mixed-use building at 23-20 Jackson Avenue in Long Island City, Queens. The development is designed by KSQ Architects and will top out at nine stories, comprising 85,851 square feet.
The Vorea Group
Permits have been filed for a nine-story, mixed-use commercial building at 23-20 Jackson Avenue in Long Island City, Queens. The new structure will dedicate 65,000 square feet of newly built space toward residential units, a hotel, and dormitory spaces. The entire building itself is set to yield 82,851 square feet. It will be designed by KSQ Architects. William Dailey Building & Zoning is listed as the filing representative while the Vorea Group is owner of the property. The site is located at the corner of Jackson Avenue and Pearson Street and sits not too far from the Court Square subway station on the 7 train.
The Vorea Group has signed a 99-year ground-lease, worth roughly $350 million, for the 10,000-square-foot development site at 23-20 Jackson Avenue, located on the corner of Pearson Street in the Court Square section of Long Island City. The developer plans to build a mixed-use commercial building measuring between 50,000 square feet and 65,000 square feet, according to the Wall Street Journal. The lower floors will contain 30,000 square feet of retail space while the upper floors will feature offices. The site, currently occupied by a single-story commercial building, can accommodate up to 50,000 square feet of leasable commercial square-footage. Neither demolition permits nor new building applications have been filed. Real Estate Weekly reported on the details of the lease.