Natixis Corporate & Investment Banking has provided $158.2 million in floating-rate financing to refinance 1 Queens Plaza South, a 45-story apartment tower at 23-10 Queens Plaza South in Long Island City, Queens. Designed by SLCE Architects, the 391-unit building, also known as 1 QPS, was developed by Property Markets Group. The property is located between 23rd and 24th Streets.
Permits have been filed for a 15-story mixed-use building at 27-16 43rd Avenue in Long Island City, Queens. Located between Jackson Avenue and Hunter Street, the lot is near the Queens Plaza subway station, served by the E, M, and R trains. Hang Dong Zhang of CH 41 LLC is listed as the owner behind the applications.
Construction is nearing completion on Jasper, a mixed-use development at 49-20 5th Street in Long Island City, Queens. Designed by S9 Architecture and developed by The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group, the property yields 499 apartments in studio to three-bedroom layouts. Move-ins are expected to begin in spring 2025. The property is located between 49th and 50th Avenues near the East River waterfront.
Construction is complete on The Italic, a 50-story residential skyscraper at 26-32 Jackson Avenue in Long Island City, Queens. Designed by SLCE Architects and developed by American Lions, a joint venture between Fetner Properties and Lions Group, the 526-foot-tall structure yields 363 rental apartments, with 109 units designated for affordable housing. The building also contains 20,000 square feet of commercial space.
The New York City Economic Development Corporation (NYCEDC) is planning to issue a Request For Expressions of Interests (RFEI) on behalf of the city for 44-36 Vernon Boulevard, a six-story commercial building in Long Island City, Queens. The RFEI is an appeal to the public for input on the redevelopment of the 672,000-square-foot structure, which currently serves as the central hub for New York City’s Department of Education. Based on the public feedback, the city will decide whether to embark on a full or partial transformation of the property into revamped commercial, light industrial, or community space. The redevelopment could also include the addition of waterfront access under the OneLIC Long Island City Neighborhood Plan initiative by the Department of City Planning (DCP). The property is located along Anable Basin at the intersection of Vernon Boulevard and 44th Drive.
