Property Markets Group and the Hakim Organization have purchased the roughly 34,000 square-foot property at 42-50 24th Street, in the Queens Plaza section of Long Island City, for $69 million. The site boasts approximately 270,000 square feet of development rights that could go towards a mixed-use project. The property is currently occupied by a taxi company and their old single-story building, although plans for the future have not been disclosed, per The Real Deal. The same developers recently topped out their 44-story, 391-unit mixed-use project a block to the north at 23-10 Queens Plaza South.
In the borderlands of East New York and Lindenwood, where Brooklyn meets Queens, property owner Luz Perez Ortiz has filed applications for two two-family residential buildings at 1460-1462 Blake Avenue. The development would measure 7,272 square feet in total, and its four residential units would average a spacious 1,818 square feet apiece. Each structure would rise three stories in height, although units would be located on the upper two levels only. The neighborhood, dubbed The Hole, is frequently subject to flooding and is severely disinvested in by the city. The site, however, is located just west of the most sunken streets, some of which are 30 feet below grade. Felix Tambasco’s Brooklyn-based Sears Tambasco Architecture is the applicant of record.
Steiner Studios, the city’s largest movie production complex, has filed new building applications for a big new facility at 15 Washington Avenue in the Brooklyn Navy Yard.
Lady Gaga closed out Roseland Ballroom back in April and now work is well underway on its replacement, as seen in photos from Tectonic. The replacement, as reported previously, is a 62-story, 675-foot-tall residential building designed by CetraRuddy and developed by Algin Management.
Deep in the heart of Bed-Stuy, a supportive housing developer hopes to build a five-story residential building. The has filed plans for a development at 500 Gates Avenue, between Tompkins and Marcy Avenues.