Charney Companies and Tavros, in partnership with Incoco Capital, have secured $525 million in construction financing for a new 55-story residential tower in Long Island City’s Court Square neighborhood. Designed by FXCollaborative, the property will be built on a site located at 24-19 Jackson Avenue and 45-03 23rd Street. When complete, it will yield 636 condominiums.
The New York City Economic Development Corporation (NYCEDC) has issued a Request for Information (RFI) seeking proposals for the adaptive reuse of the Vernon Building at 44-36 Vernon Boulevard in Long Island City, Queens. The six-story, nearly 700,000-square-foot facility currently serves as a hub for various New York City Public Schools (NYCPS) functions including storage, warehousing, and trade shops. The RFI builds on the Adams Administration’s OneLIC Neighborhood Plan and follows a two-year public engagement process involving more than 1,800 participants.
Mayor Eric Adams and the New York City Department of City Planning (DCP) have initiated the public review process for the OneLIC Neighborhood Plan, a rezoning proposal for Long Island City, Queens. Developed after nearly two years of community engagement, the plan aims to deliver 14,700 new homes, including 4,000 income-restricted units, along with 3.5 million square feet of commercial and industrial space. The fifth neighborhood plan under the Adams administration, OneLIC is the most expansive housing proposal from City Hall in over two decades and is anticipated to create approximately 14,400 jobs.
The affordable housing lottery has launched for Eagle Loft Collection Phase 2, a 19-story residential building at 43-14 Queens Street in Long Island City, Queens. Designed by SLCE Architects and developed by Rockrose Development, the structure yields 301 residences. Available on NYC Housing Connect are 91 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $94,286 to $181,740.
Long Island City, Queens is continuing its transformation with a host of new buildings cropping up on some of the last available parcels, and older structures giving way to new, larger construction. YIMBY photographed several examples around the booming residential district of the downtown area, most of which are near the elevated Queensboro Plaza station serving the 7, N, and W trains, and the Queens Plaza station for the E, M, and R trains. Other sites are located in the neighborhood across the Sunnyside Yard facility.
