Long Island City

23-20 Jackson Avenue

65,000-Square-Foot Mixed-Use Commercial Building Planned At 23-20 Jackson Avenue, Long Island City

The Vorea Group has signed a 99-year ground-lease, worth roughly $350 million, for the 10,000-square-foot development site at 23-20 Jackson Avenue, located on the corner of Pearson Street in the Court Square section of Long Island City. The developer plans to build a mixed-use commercial building measuring between 50,000 square feet and 65,000 square feet, according to the Wall Street Journal. The lower floors will contain 30,000 square feet of retail space while the upper floors will feature offices. The site, currently occupied by a single-story commercial building, can accommodate up to 50,000 square feet of leasable commercial square-footage. Neither demolition permits nor new building applications have been filed. Real Estate Weekly reported on the details of the lease.


A Detailed Look at the Recently Completed Luna LIC, Office-to-Residential Conversion at 42-15 Crescent Street, Long Island City

Office-to-residential conversions are usually expected of ornate, pre-war high-rises, or tall-ceiling industrial lofts. Such conversions are much more rare at mid-century office buildings, particularly ones that had no redeeming architectural value in the first place. Long Island City’s Luna LIC became one of the city’s only such projects when it opened its doors earlier this year. The nine-story office building was built in 1955 at 42-15 Crescent Street, at the foot of the Queensboro Bridge. Over the past few years, Meadow Partners redeveloped the property into an 11-story, 124-unit rental, and sold it to World Wide Group for a hefty profit. The architects at Avinash K. Malhotra Architects, also known as AKM Architects, opted for minimal intervention, rather than a total structural overhaul, which was sufficient to transform the poorly-aged eyesore into the latest addition to the growing residential community around Court Square.

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Facade Installation Imminent at Hyatt Place Hotel, 27-07 43rd Avenue, Long Island City

The last time YIMBY checked out the progress at Long Island City’s Hyatt Place hotel at the end of April, the building was approaching its final floor. Since then, the structure has both topped-out and been enclosed within its curtain wall. The future 108-room hotel, developed by Prakash Patel and designed by Michael Kang Architect, looks ready to receive its exterior cladding.

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11-39 49th Avenue

12-Story, 194-Unit Residential Building Rises to Seventh Floor at 11-39 49th Avenue, Long Island City

The 12-story, 194-unit residential building under construction at 11-39 49th Avenue, located on the corner of 21st Street in the Hunters Point section of Long Island City, is now seven stories above street level, according to The Court Square Blog. The latest building permits indicate the project will encompass 131,854 square feet. The residential units, averaging 677 square feet apiece, will be rental apartments and twenty percent of them (39 units) will rent at below-market rates through the affordable housing lottery. The Criterion Group is the developer and Aufgang Architects is behind the architecture. Completion is expected in late 2018, according to signage, although it appears work is ahead of schedule.


28-10 Jackson Avenue

New Renderings Show Tishman Speyer’s Residential Towers and Office Complex Under Development in Long Island City

As three residential skyscrapers begin their ascent skyward at 28-10 Jackson Avenue, in Long Island City, renderings for them have finally surfaced per the Wall Street Journal. The towers will stand 43, 45, and 53 stories, respectively, and will together encompass an enormous 1,687,776 square feet. There will be 1,900 residential units and 13,807 square feet of ground-floor retail space. In addition to a slew of amenities, the complex will sport a private 2.5-acre park in the center. Goldstein, Hill, & West Architects is behind the design. Tishman Speyer and H&R Real Estate Investment Trust are the developers.

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