PNC Bank has provided $154 million in financing to Heatherwood Communities to construct their planned 58-story, 477-unit residential tower now under construction at 42-12 28th Street, in Long Island City. YIMBY first revealed the project in April 2014, and construction was underway in January. Dubbed 28 on 28th, completion is expected in 2017.
Last summer, YIMBY reported on the filing for a 10-story tower with ground floor commercial space planned at 37-14 36th Street in Long Island City, and now we have the first look at what will rise on the site next to the 36th Street M/R station.
According to The Real Deal, the owners of the two-story commercial building at 35-02 Northern Boulevard, in northern Long Island City, are looking to sell the property as a development site for $30 million. Ariel Property Advisors is marketing the property, and the land boasts 145,000 square feet of building potential. Zoning accommodates for a mix of commercial uses with retail at street level.
“11th Street Condominiums LLC” has filed applications for a seven-story, 42-unit residential building spanning the lots of 46-14 – 46-20 11th Street, in Long Island City. The project will total 40,035 square feet of residential space, and if the LLC’s name hints anything, condominiums will average roughly 950 square feet. Raymond Chan is designing, and an existing two-story warehouse must first be removed.
Long Island City’s mixed-use zoning has produced high rises filled with apartments and office space, as well as plenty of smaller residential buildings with ground-floor commercial space, but now the industrial neighborhood might get its first crop of new townhouses in half a century. Plans were filed on Friday for 12 two-family townhouses at 45-35 11th Street, a couple blocks from the Court Square subway stop.
