Pilings Underway for 731-Foot Skyscraper at 43-30 24th Street in Long Island City, Queens

8:00 am on October 15, 2022 By Michael Young

Below-grade work is progressing at 43-30 24th Street, the site of a 66-story residential skyscraper in Long Island City, Queens. Designed by Hill West Architects and developed by Carmel Partners, the 731-foot-tall tower will yield 921 units spread across 838,000 square feet and 17,400 square feet of ground-floor retail space. The developer purchased the 79,250-square-foot full-block parcel from Stawski Partners for $200 million in March 2022 and secured a $364 million construction loan from Wells Fargo to complete the project. Carmel Construction East is the general contractor for the property, which is bound by 43rd Avenue to the north, 44th Road to the south, 24th Street to the east, and 23rd Street to the west.

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Housing Lottery Units Still Available at 29-19 Newtown Avenue in Astoria, Queens

6:30 am on October 15, 2022 By Vanessa Londono

The affordable housing lottery has launched for 29-19 Newtown Avenue, an eight-story residential building in Astoria, Queens. Designed by CE Architect and developed by L&A Group Holdings LLC, the structure yields 44 residences and 59 parking spaces. Available on NYC Housing Connect are seven units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $60,000 to $187,330.

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YIMBY Scopes Views From Central Park Tower’s $250 Million Penthouse in Midtown, Manhattan

8:00 am on October 14, 2022 By Michael Young

YIMBY recently had the opportunity to check out the views from the penthouse of Central Park Tower, a 131-story supertall residential skyscraper at 217 West 57th Street on Billionaires’ Row in Midtown, Manhattan. Designed by Adrian Smith + Gordon Gill and developed by Gary Barnett of Extell, the 1,550-foot-tall tower yields 179 units including the triplex penthouse, spanning nearly 17,500 square feet. Ryan Serhant of SERHANT is marketing this coveted unit, which hit the market on September 19 for $250 million, the most expensive home ever listed in the United States.

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