The forest of high-rise towers in Long Island City is about to get a modest addition. New building applications have been filed for a seven-story, mixed-use project at 37-27 31st Street, beneath the elevated N/Q trains and just north of Sunnyside Yards.
Property Markets Group and the Hakim Organization have purchased the roughly 34,000 square-foot property at 42-50 24th Street, in the Queens Plaza section of Long Island City, for $69 million. The site boasts approximately 270,000 square feet of development rights that could go towards a mixed-use project. The property is currently occupied by a taxi company and their old single-story building, although plans for the future have not been disclosed, per The Real Deal. The same developers recently topped out their 44-story, 391-unit mixed-use project a block to the north at 23-10 Queens Plaza South.
The residential high-rise at 23-10 Queens Plaza South in Long Island City, also known as 23-01 42nd Road, has reached its final height of 481 feet, beating the 429-foot-tall Linc LIC for the title of the second tallest skyscraper in Queens.
Earlier this year, construction wrapped up on the first phase of Long Island City’s Hunters Point South mega-development, which includes two residential towers with a total of 925 affordable units, plus a 1,100-seat school and a waterfront park. The city is now moving forward to build the infrastructure needed for the project’s second phase, and Curbed reports excavation work is well underway. The second phase will include, but is not limited to, a 1,193-unit mixed-income residential building, which is to be developed by TF Cornerstone and Selfhelp Community Services. Thousands of additional residential units are also in the works, along with retail and community space. Thomas Balsley Associates, Weiss/Manfredi, and ARUP are designing the public park that will eventually line the waterfront. The park and infrastructure work is expected to be complete by 2018.
41-21 28th Street has risen to its third level, on its way to its final height of 185 feet. The project, developed by All Year Management, will house 166 residential units spread across 126,718 square feet.
