The affordable housing lottery has launched for 5-22 49th Avenue, a five-story residential building in Long Island City, Queens. Designed by Issac & Stern Architects and developed by Amir Zicherman of Oren & Ivy LLC, the structure yields 15 residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $111,532 to $218,010.
New renderings have been revealed for a new multifamily residential building at 29-15 40th Road in Long Island City, Queens. The project, which is being led by SB Development, will stand 12 stories tall when complete and was designed by Fogarty Finger Architects.
Construction is finishing up on 10-04 Borden Avenue, a three-story commercial building in Long Island City, Queens. Developed and built by The Vorea Group under the Borden Ave Opportunity Zone Business LLC, the 56,000-square-foot structure will feature New York City’s first iFLY indoor skydiving facility and a separate commercial space. The plot spans nearly half an acre by the three-way intersection of Borden Avenue, Vernon Boulevard, and Jackson Avenue.
Construction is finishing up on 27-01 Jackson Avenue, a 27-story residential tower in the Court Square district of Long Island City, Queens. Designed by SLCE Architects and developed by American Lions, a joint venture between Fetner Properties and Lions Group, the 151,141-square-foot structure will yield 164 rental units with one-third reserved for affordable housing, as well as ground-floor retail space and approximately 90 parking spaces on the first three levels. The property is located at the corner of Jackson and 43rd Avenues, directly across from The Italic, its taller sibling at 26-32 Jackson Avenue.
Construction has topped out on Jasper, a 13-story residential building at 2-33 50th Avenue in the Hunters Point district of Long Island City, Queens. Designed by S9 Architecture and developed by The Domain Companies, LMXD, Bridge Investment Group, and The Vorea Group, the 125-foot-tall structure will span 550,000 square feet and yield 499 units in studio to three-bedroom layouts with 150 reserved for affordable housing, as well as 40,000 square feet of retail space, 503 square feet for a community facility under the Brownfield Award, 111 enclosed parking spaces, and a 30-foot-long rear yard. The $370 million project is alternately addressed as 49-20 5th Street and is bound by 49th Avenue to the north, 50th Avenue to the south, and 5th Street to the east.
