BLDG Management Company has secured a $425 million loan to complete a 69-story residential skyscraper in Long Island City, Queens. The development, known as The Orchard, will take shape at 42-02 Orchard Street and debut as the tallest residential building in the neighborhood.
A rendering has been revealed for 138-45 Jamaica Avenue, a seven-story residential building in in Jamaica, Queens. Developed by ZD Jasper Realty, the structure will yield 81 apartments, retail space, and a parking garage. Thirty percent of the apartments will be designated as affordable housing.
United Construction and Development Group has revealed renderings for a three-tower residential complex at 93-30 93rd Street in Rego Park, Queens. Located on a wedge-shaped lot that faces the Long Island Expressway service road, the site is currently vacant and is zoned for up to 670,000 buildable square feet.
The New York City Council has unanimously approved applications for zoning amendments that will facilitate a commercial redevelopment project at 23-10 Queens Plaza South in Long Island City, Queens. Designed by SLCE Architects and developed by New England-based Dynamic Star, the project entails the partial demolition and expansion of an existing warehouse and the construction of a 26-story office tower.
New York’s Regional Development Council has awarded $24 million to high-priority infrastructure and manufacturing projects across the state. Two of the 28 projects awarded are located in Queens and Long Island and represent roughly $895,000 of core capital grant and tax-credit funding from Empire State Development.
