Demolition is progressing at 30–01 Northern Boulevard, the site of a 12-story residential building in Long Island City, Queens. Designed by Joseph M. Morace, A.I.A., Architect, the 124-foot-tall structure will yield 43 rental units with an average scope of 676 square feet. The property is located at the corner of Northern Boulevard and 40th Road.
Naftali Credit Partners and Madison Realty Capital have closed on a $125 million loan to develop 70–28 Grand Central Parkway, a 13-story residential building in Forest Hills, Queens. Designed by SLCE Architects, the 252,399-square-foot structure will yield 241 condominium units in studio to three-bedroom layouts. The project will also include a 100-vehicle parking garage and a collection of amenities. The 32,000-square-foot development site is located to the west of Grand Central Parkway between Jewel Avenue and 72nd Road.
A new rendering has been revealed for Arverne East Building D, a ten-story residential building in the first phase of the 116-acre Arverne East oceanfront master plan at 116 Beach 36th Street in Edgemere, Queens. Designed by FXCollaborative and developed in a joint venture between L+M, Urbane Development, The Bluestone Organization, Mega Group Development, and Triangle Equities Development Company, the 355,000-square-foot structure will yield 320 apartments. The units will consist of 230 affordable rental apartments and 90 affordable homes for purchase.
The 11th-tallest building on our year-end construction countdown is The Orchard, an 823-foot-tall residential skyscraper at 42–06 Orchard Street in Long Island City, Queens. Designed by Perkins Eastman and developed by BLDG Management Co., the 70-story structure will yield 824 rental units in studio to three-bedroom layouts, with 248 designated as affordable housing. The project will also include 13,000 square feet of retail space along Jackson Avenue, 100,000 square feet of indoor and outdoor amenities, and a two-story, 207-vehicle parking garage. The property is alternately addressed as 43-01 Queens Street and 27-48 Jackson Avenue and occupies a full city block along Jackson Avenue between Queens and Orchard Streets.
The 15th-tallest building on our year-end construction countdown is Lumen LIC, a 754-foot-tall residential skyscraper nearing completion at 23-15 44th Road in Long Island City, Queens. Designed by Hill West Architects and developed by FSA Capital, the 66-story structure spans 855,400 square feet and yields 938 rental units with an average scope of 910 square feet. The project will also include lower-level office space and 17,400 square feet of ground-floor retail. The residential inventory is planned to include 282 affordable housing units. The property is alternately addressed as 43-30 24th Street and located along 44th Road between 23rd and 24th Streets.
