Long Island City

Housing Lottery Launches for 38-03 31st Street in Long Island City, Queens

The affordable housing lottery has launched for 38-03 31st Street, a five-story mixed-use building in Long Island City, Queens. Designed by Angelo Ng & Anthony Ng Architect and developed by Hooshang Nemat under the LIC 31 LLC, the structure yields nine residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $92,572 to $181,740.

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The Orchard’s Façade Installation Continues at 42-22 Orchard Street in Long Island City, Queens

At number seven on our year-end countdown of the tallest buildings under construction in New York is The Orchard, an 823-foot-tall residential skyscraper at 42-22 Orchard Street in Long Island City, Queens. Designed by Perkins Eastman and developed by BLDG Management Co., the 70-story structure surpassed the Skyline Tower at 23-15 44th Drive for the title of the tallest building in the borough and will yield 824 rental units in studio to three-bedroom layouts, with 248 designated as affordable housing, as well as 13,000 square feet of retail space along Jackson Avenue, 100,000 square feet of indoor and outdoor amenities, and a two-story parking garage with 207 enclosed spaces. The property is alternately addressed as 43-01 Queens Street and 27-48 Jackson Avenue and occupies a full city block along Jackson Avenue between Queens and Orchard Streets.

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Lumen LIC Nears Completion at 23-15 44th Road in Long Island City, Queens

Kicking off the top ten on our annual countdown of the tallest buildings under construction in New York is Lumen LIC, a 754-foot-tall residential skyscraper at 23-15 44th Road in Long Island City, Queens. Designed by Hill West Architects and developed by FSA Capital, the 66-story structure will span 855,400 square feet and yield 921 rental units with an average scope of 910 square feet, as well as lower-level office space and 17,400 square feet of ground-floor retail. The residential inventory is planned to include 282 affordable housing units. The property is alternately addressed as 43-30 24th Street and located along 44th Road between 23rd and 24th Streets.

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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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