Construction is complete on The Northern, a two-building development at 38-27 32nd Street and 38-38 32nd Street in Long Island City, Queens. Designed by NY Building Associates and developed by Yitzchok Katz of Developing NY State under the 39th Ave Equity LLC, the structures yield a combined 116 rental units and were built in tandem on two parcels at the intersection of 39th Avenue and 32nd Street.
Construction is complete on Lucent33, a seven-story mixed-use building at 37-34 33rd Street in Long Island City, Queens. Designed by Andres Escobar and developed by George Xu under the 33rd Street Ventures LLC, the 75-foot-tall structure spans 64,984 square feet and yields 64 rental units in studio- to two-bedroom layouts with an average scope of 744 square feet, as well as 10,601 square feet of commercial space, a cellar level, a 30-foot-long rear yard, and 32 enclosed parking spaces. The property is located between 37th and 38th Avenues.
The Durst Organization recently announced that Pueblo Querido Coffee Roasters, a Colombian coffee proprietor and restaurant, has opened its first Queens location on the ground floor of Sven, a residential tower at 29-37 41st Avenue in Long Island City, Queens. Pueblo Querido is joining Finback Brewery and ACA Acupuncture and Wellness, the other ground-floor tenants of the 71-story property.
Construction is nearing completion on The Borden Complex, a five-story industrial building at 23-30 Borden Avenue in Long Island City, Queens. Designed by KSS Architects for Innovo Property Group, which acquired the property for $75 million with Atalaya Capital Management and Nan Fung Group, the 166-foot-tall structure will span 840,000 square feet and house logistics and warehouse space featuring truck courts, a distribution center, two stories of film and television studios, office space, and on-site vertical parking. Earlier this summer, IPG closed on a $435 million loan from Starwood Property Trust and JPMorgan to refinance the development. The development is located on a large parcel between Borden Avenue and Newton Creek.
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