The Criterion Group plans to purchase the two-story property assemblage at 31-08 Northern Boulevard, in northern Long Island City, for $40 million, per The Real Deal. The development site boasts 253,000 square feet of building potential, but no plans for development have been proposed. The property last traded for $3.6 million in 2004, and the latest transaction should close this month.
The Court Square Blog notes that excavation has recently begun at 28-02 – 28-06 42nd Road, in Long Island City, where Hiwin USA LLC is developing somewhat mysterious tower apparently slated for Fall 2017. Per signage, the renderings shown a large mixed-use building, and Joseph Sultana is designing.
The Court Square Blog reports the 10-story, 40-unit mixed-use development at 42-60 Crescent Street, in Long Island City, has topped out, “and crews have begun façade work.” The building’s retail space will total 2,309 square feet, and completion is expected by the end of this year.
Construction is booming in Long Island City, but it’s pretty unusual to find a new building with apartments and manufacturing space, like the one planned for 40-05 Crescent Street. Permits were filed back in September and approved last month for the five-story, 36,433-square-foot building.
Late last year, YIMBY reported that a new seven-story and 42-unit building was coming to 38-11 31st Street in Long Island City, designed by Morali Architects. In February, YIMBY covered a similar filing for 36-27 31st Street by the same architect. And now we can reveal both of the buildings, thanks to renderings sent along by Morali.
