Queens

Updated renderings of Nova at 41-05 29th Street - Fogarty Finger

Developers Secure $62M Loan for NOVA Condominium Tower at 41-05 29th Street in Long Island City, Queens

7:00 am on December 19, 2022 By Sebastian Morris

SB Development and Hazelton Capital Group have secured a $62 million loan to facilitate the completion of Nova, an 86-unit condominium tower at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger, the residential collection will range from studios up to three-bedroom layouts, with no more than five units per floor. The loan was provided by Northwind Group, a Manhattan-based real estate private equity firm.

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Gotham Point’s North Tower Wraps Up Construction in Hunters Point South, Queens

8:00 am on December 11, 2022 By Michael Young

At number 21 on YIMBY’s year-end countdown of the tallest projects underway in the city is Gotham Point’s north tower, a 57-story residential skyscraper at 1-15 57th Avenue in Hunters Point South, Queens. Designed by Handel Architects and developed by Gotham Organization and Riseboro Community Partnership, the 559-foot-tall structure will yield 692 rental units and is also known as Parcel F in a two-tower master plan alongside the 33-story, 443-foot-tall Parcel G. The property is bound by Center Boulevard to the north, 56th Avenue to the east, and 57th Avenue to the west.

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Construction Goes Vertical on Three-Tower Development at 2-20 and 2-21 Malt Drive in Hunters Point, Queens

7:30 am on December 5, 2022 By Michael Young

Construction is rising on 2-20 and 2-21 Malt Drive, a three-tower mixed-use development in the Hunters Point South master plan in Hunters Point, Queens. Designed by SLCE Architects and developed by TF Cornerstone, the project consists of a 34-story, 390-foot-tall structure that will yield 575 units at 2-20 Malt Drive and a two-tower design at 2-21 Malt Dive composed of a 38-story, 440-foot-tall high-rise and a 25-story, 310-foot-tall sibling. A final unit count for 2-21 Malt Drive has yet to be announced. Belsen Tristate Building Materials will supply the brickwork and Bud North LLC and Bud South LLC are the general contractors for 2-21 and 2-20 Malt Drive, respectively, which will rise from a subdivided plot bound by 54th Avenue to the north, Newton Creek to the south, and 2nd Street to the west.

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Street View of Innovation QNS at 35th Ave - ODA New York

New York City Council Approves $2B Innovation QNS Complex in Astoria, Queens

7:30 am on November 23, 2022 By Sebastian Morris

The New York City Council voted Tuesday, November 21 to approve Innovation QNS, a $2 billion mixed-use development that will bring 3,200 apartments to Astoria, Queens. The development team behind the property includes Kaufman Astoria Studios, Silverstein Properties, and BedRock Real Estate Partners, which was forced to price around 1,400 apartments, or nearly half of the planned units, below market rate.

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