The 33-story residential building at 44-26 Purves Street has risen past the 20th floor on its way to its 374-foot-high pinnacle. The luxury rental apartment building is being jointly developed by Brause Realty and the Gotham Organization. Completion is expected in late 2017, when its glass-and-copper design will stand as one of the most distinguished in all of Long Island City.
The ongoing transformation of Long Island City is astounding. In the decade between 2006 and 2015, more than 8,600 housing units have been completed in the area, with well over 22,000 more on the way. Between 2012 and 2015, prices for prime development sites have jumped by 269 percent. As the neighborhood rapidly transitions from commercial/industrial to high-density residential, the local street grid, characterized by odd angles, must undergo a significant transformation. The city government began to address this need in 2010, when Jackson Avenue, the area’s principal thoroughfare, was upgraded with a green median, while a small triangular park was created at the intersection of 27th Street, Hunter Street, and 43rd Avenue.
Developer Lions Group NYC plans to erect two high-rises on either side of Jackson Avenue. The site of Jackson West at 27-01 Jackson Avenue is cleared and would be ready for excavation as soon as the material currently stored at the lot is moved out of the way. Its sibling, Jackson East across the street at 26-32 Jackson, appears to still be in early proposal stages, with no work underway at the site and no permits filed.
A 13-story residential tower is set to rise at 27-51 Jackson Avenue in Long Island City. The 34-unit project would stand on what is possibly the city’s single hottest development block, where six different projects are under construction or in planning. Lions Group is the developer. Building permits list Vincent J Tomasino of Jackson Bounty LLC as the owner. The project’s residential component would measure 31,996 square feet, resulting in units averaging 941 square feet. The ground level would house 1,555 square feet of retail.
In December 2015, Curbcut Urban Partners and Platinum Realty Associates acquired, for $12.07 million, the two-story industrial building at 38-01 Queens Boulevard, in the Dutch Kills section of Long Island City. A rendering of the planned nine-story, 146,000-square-foot multi-use commercial building has now been revealed, via the Wall Street Journal. The project will include office space, retail, and a large amount of community facility space that will be able to accommodate medical offices, nonprofits, and other community-related tenants. The commercial building will also feature amenities like a rooftop deck and terraces. The developers plan to both lease and sell, as commercial condos, the space in the building. SBLM Architects is responsible for the design. Demolition permits were filed in January to knock down the existing building.
