The industrial no man’s land between Long Island City and Astoria has suddenly become a hotbed of hotel development, and now we can add another project to the list. Developer Talwinder Parmar wants to erect a 13-story hotel at 37-35 21st Street, between 37th and 38th Avenues.
Back in March, Brownstoner Queens discovered initial renderings for a large mixed-use project planned at 3-50 St. Nicholas Avenue in Ridgewood, right next to the Bushwick border. Yesterday, plans were filed to build the 17-story development between Palmetto and Woodbine Streets.
In June, Ceruzzi Properties was reportedly in contract to purchase 520 Fifth Avenue, on East 43rd Street, and now the developer has closed on the $325 million site, according to Commercial Observer. Shanghai Municipal Investment’s U.S. arm is partnering with Ceruzzi, and the team is planning to follow through with applications filed back in 2014, which call for a 71-story mixed-use tower.
The City University of New York’s graduate center has purchased the vacant lot at 5-17 47th Avenue, in Long Island City, from O’Conner Capital Partners for $22.5 million, according to The Wall Street Journal. CUNY plans to build a dormitory for graduate students and faculty. The property could accommodate a building of six stories and 200 residential units, and is located a few blocks from subway stations for the 7 and G trains.
Borough Park-based Ranco Capital has filed applications for an eight-story, 82-unit residential building at 1825 Ocean Avenue, in Midwood, five blocks from the Q train’s Avenue M stop. The building will measure 63,291 square feet in total, and units will average a rental-sized 772 square feet each. Mapleton-based N.A. Design Studio is the applicant of record, and a gas station must first be removed.
