An undisclosed buyer has acquired, for $13 million, the 28,350-square-foot development site at 159-18 Northern Boulevard, located between 159th and 160th streets in Flushing’s Murray Hill section. The site is currently occupied by a two-story commercial building, a former branch of Flushing Bank, Crain’s reported. If the existing structure is demolished, the site could accommodate a maximum 56,700 square feet of development. Nearly 38,273 square feet could be used as residential space, whereas up to 28,350 square feet could be commercial space. Any amount, up to 56,700 square feet, could be used as community facility space. Plans for the site have not been disclosed.
Long Island City is set to become a hub for office development in the outer boroughs. While some builders hope to put up massive commercial towers like One Court Square, others are creating office space in the neighborhood’s warehouses and loft buildings. One developer, Caerus Group, decided to convert and expand a two-story industrial building at 11-20 46th Road, a few short blocks from Court Square.
A rendering has been revealed of the nine-story, 29-unit mixed-use building under development at 41-21 23rd Street, in the Court Square section of Long Island City. The image was spotted on-site by The Court Square Blog. The latest building permits indicate the new structure will measure 33,233 square feet and rise 92 feet to its main roof, excluding bulkhead elements. There will be 1,493 square feet of retail space across the ground and cellar levels, followed by 29 apartments across the second through ninth floors. The units should average 799 square feet apiece. Great Neck, N.Y.-based property owner Amir Haghani is the developer and Michael Kang’s Flushing-based firm is the architect. Completion is expected in early 2018.
Construction is now nine stories above street level on the 11-story, 71-unit residential building under development at 41-15 23rd Street, in the Court Square section of Long Island City. A rendering has also been spotted on-site, courtesy of an update by The Court Square Blog. The latest building permits have the new structure measuring 65,806 square feet and rising 122 feet to the top of its bulkhead element. The apartments should average 742 square feet apiece, although it’s unclear whether rentals or condos are in the works. Brooklyn-based property owner Isaac Schwartz is the developer and Karl Fischer’s SoHo-based firm is behind the architecture. Completion is expected in the summer of 2017.
An anonymous Staten Island-based LLC has filed applications for three three-story, two-family houses at 695-703 Huguenot Avenue, in Woodrow, a neighborhood located along Staten Island’s South Shore. The buildings will measure 3,842 square feet each. Across all three, the units should average a family-sized 1,638 square feet apiece. The Staten Island-based firm Design Build Staten Island Inc. appears to be both the developer and architect. The 100-foot-wide, 20,001-square-foot lot was occupied by a two-story house until that structure was demolished in September. The property must undergo subdivision.