Construction Update

Additional Permits Filed for Major Residential Project at 11-12 and 11-28 30th Drive in Astoria, Queens

Permits have been filed by developer Cape Advisors for two more nine-story residential buildings, at 11-12 30th Drive and 11-28 30th Drive, in Astoria, Queens. The site is between 30th Drive and 31st Street, and Vernon Boulevard and 12th Street. The project’s future address will be 30-77 Vernon Boulevard, and the pair of buildings will rise alongside an adjacent structure at 11-28 30th Drive. All are going up on the same lot, with their combined area taking up almost two-thirds of the entire parcel of land. YIMBY covered Cape’s permits for the first nine-story submission at 11-37 31st Avenue last week.

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Quay Tower, image by Andrew Campbell Nelson

Quay Tower Sees Brooklyn’s First-Ever $20 Million Condominium Sale

Quay Tower is not like most of the new residential skyscrapers rising in Brooklyn. The project sits directly against the Brooklyn Heights waterfront, soaring 30 floors above the neighboring brownstone-filled streets, and features a glassy façade paired with brushed copper-hued metals that evoke the iron girders along Pier 6, nearby. Now, the building has now shattered a record for the entire borough, with its penthouse entering contract for $20 million, nearly $4 million over the previous record for a Brooklyn apartment set by actor Matt Damon.

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Permits Filed For Mixed-Use Building at 77-63 Vleigh Place In Flushing, Queens

Located at the northern tip of the Judge Moses Weinstein Playground at the crossroads of Vleigh Place, 141st Street and 78th Avenue, a new four-story mixed-use building will soon rise at 77-63 Vleigh Place, in the Queens neighborhood of Flushing. The designer is Michael Vorland of Jarmel Kizel Architects, while the building is owned and being developed by Valeri Matatov of VP Capital Holdings LLC.

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Historic photo of 1 Wall Street.

Conversion of 51-Story One Wall Street Makes Headway As Work Progresses for The Financial District’s First Whole Foods

One Wall Street is in the midst of a huge $1.5 billion makeover as the 51-story Art Deco gem is converted from office use into 566 residential units, topped with a triplex that may fetch $40 million. At street level, significant activity can be seen, as parts of the facade have been removed to make way for the retail section in the building that will bring a Whole Foods to the Financial District.

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