Long Island City

Rendering of 41-08 Crescent Street. Credit: Dan Ionescu Architects

Construction Loan Issued For 41-08 Crescent Street In Long Island City, Queens

A $70 million construction loan was issued for 41-08 Crescent Street, a 26-story residential building under construction in Long Island City, Queens. Designed by Dan Ionescu Architects and developed by Watermark Capital Group, the 192,000-square-foot structure will yield 184 units in studio to three-bedroom layouts, with 70 percent of the inventory designated for affordable housing under the Affordable NY 421a program, as well as 9,000 square feet of ground-floor retail space and a 41-vehicle parking lot. Slate Property Group and White Oak Real Estate Capital provided the loan for the final stages of construction and lease-up of the project, which is bound by Crescent Street, 41st Avenue, and 24th Street.

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Housing Lottery Launches for AURA at 23-10 42nd Road in Long Island City, Queens

The affordable housing lottery has launched for AURA, a 37-story mixed-use building at 23-02 42nd Road in Long Island City, Queens. Designed by Fogarty Finger and developed by Werwaiss Properties, the structure yields 240 residences. Available on NYC Housing Connect are 72 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $117,360 to $218,010.

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24-11 Jackson Avenue Remains On Hold in Long Island City, Queens

Wrapping up our Turkey Week rundown of prominent stalled and on-hold projects is 24-11 Jackson Avenue, a planned 55-story residential skyscraper in the Court Square section of Long Island City, Queens. Designed by FXCollaborative and developed by Tavros Capital and Charney Companies in partnership with Incoco Capital, the 676-foot-tall structure is slated to yield 600 apartments and 10,000 square feet of retail space. The property is bound by 45th Avenue to the north, Jackson Avenue to the southeast, and 23rd Street to the west.

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30-25 Queens Boulevard Remains Stalled in Long Island City, Queens

Continuing our annual Turkey Week coverage of stalled projects in New York is 30-25 Queens Boulevard, a 46-story residential skyscraper in Long Island City, Queens. Designed by CetraRuddy Architecture and developed by LargaVista Companies under the 30-25 Queens Boulevard Tenant LLC, the 517-foot-tall structure is planned to span 1,293,315 square feet and yield 561 condominium units with an average scope of 1,464 square feet, as well as 471,673 square feet of commercial space. The property is located at the corner of Queens Boulevard East and Queens Boulevard, directly west of the Sunnyside Yards rail tracks.

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