Tishman Speyer has purchased the vast majority of Edgemere Commons, a forthcoming affordable housing complex in Edgemere, Queens. The development site is located on the former Peninsula Hospital complex in the Rockaways, which comprises 9.34 acres.
The Durst Organization has launched leasing for Sven, a new 762-foot-tall residential tower in Long Island City. The property is located at 29-37 41st Avenue and is currently the second-tallest completed structure in Queens.
The Rowan, at 21-21 31st Street in Astoria, Queens, has received its TCO, with closings now imminent. DXA Studio is the designer of the residential development, which yields a total of 46 residences, and is among the newest construction projects that have risen over the neighborhood in recent years. RockFarmer Properties is the developer of the building and Brown Harris Stevens Development Marketing is handling sales and marketing of the one to three bedroom condominiums. Only four units remain available for sale, which include a three-bedroom duplex measuring 1,856 square feet with 1,057 square feet of outdoor space, asking $2,549,000; and two three-bedroom penthouses with their own outdoor space. The Rowan is over 85 percent sold, with a recent penthouse sale setting a new record for the highest price per square foot paid for a three-bedroom condominium in the neighborhood.
Excavation work is ramping up at 22-11 31st Street, the site of a three-story retail structure with a Target store in Astoria, Queens. Developed by Jenel Real Estate, the building will yield 97,314 square feet with 175 feet of frontage along 31st Street. Pav-Lak Contracting, Inc. is the general contractor for the property, which was previously occupied by a two-story Key Food supermarket until its demolition in 2020. Target signed a lease with A&H Acquisitions and will provide a variety of households needs, décor, men’s and women’s apparel and accessories, baby and children’s apparel and toys, an adult beverage section, a CVS Pharmacy and Order Pickup, and tech and fitness accessories.
The Gotham Organization and RiseBoro Community Partnership have revealed amenity spaces at Gotham Point, a dual tower residential development in Hunters Point South, Queens. Amenities include include a rooftop terrace, sundecks, communal lounges, an indoor-outdoor fitness center, co-working space, a children’s playroom, and an urban rooftop farm and boathouse.
