Cape Advisors and The Pioneer Group recently secured $280 million in construction financing to complete a new residential complex in Astoria, Queens. Located at 30-77 Vernon Boulevard, the development will comprise a trio of interconnected structures spanning 522,000 square feet along the East River.
Permits have been filed for two adjacent four-story residential buildings at 3312-3314 Decatur Avenue in Norwood, The Bronx. Located between East Gun Hill Road and East 209th Street, the interior lots are a few blocks north of the 205th Street subway station, serviced by the D train. Cherryann Sankar of 3312 Decatur CS LLC is listed as the owner behind the applications.
Permits have been filed for a three-story residential building at 462 East 29th Street in East Flatbush, Brooklyn. Located between Newkirk Avenue and Foster Avenue, the interior lot is one block from the Newkirk Avenue subway station, serviced by the 2 and 5 trains. Lexis Lopez of Joint Capital Development is listed as the owner behind the applications.
Construction is complete at Hero LIC, a 22-story condominium building at 24-16 Queens Plaza South in Long Island City, Queens. Designed by Woods Bagot Architects and developed by Silverback Development, the 284-foot-tall tower features a striking Art-Moderne design and contains a mix of studios, one-, and two-bedroom layouts, many of which offer private balconies. The Serhant Team at Nest Seekers International is handling the sales and marketing for the 109 units.
It appears that work is on hold at 21-16 44th Drive, aka 21-18 44th Drive, a mixed-use property in Long Island City, Queens. Construction only reached the sixth floor and still has two more levels to go before topping out. Designed by C3D Architecture and developed by Amsterdam Hospitality, the project is slated to yield a mix of ground-floor retail space, 40 hotel rooms measuring around 250 square feet each, and 29 homes averaging just under 700 square feet apiece. YIMBY last reported on the project in August 2015, when permits were filed for its construction.