Construction is now topped out at 27-09 40th Avenue, a six-story condominium property in Long Island City. The project team includes developers Gus Vorillas and Abdel Aziz Raouf, represented as 40th Ave Dutch Kills Realty LLC, and architect HCN Design & Consulting.
Innovo Property Group, represented by JLL Capital Markets, has secured $354 million in financing to complete a new industrial development at 28-90 Review Avenue in Long Island City, Queens. Total capitalization includes multiple financial packages for acquisition, construction, and development costs provided by Axos Bank, Cerberus Capital Management, and Goldman Sachs Asset Management’s Urban Investment Group.
Permits have been filed for a nine-story mixed-use building at 43-05 Crescent Street in Long Island City, Queens. Located between 43rd Avenue and 44th Road, the lot is near the Queensboro Plaza subway station, serviced by the 7, N, and W trains. Weitao Shi of Central Realty LIC is listed as the owner behind the applications.
BLDG Management Company has secured a $425 million loan to complete a 69-story residential skyscraper in Long Island City, Queens. The development, known as The Orchard, will take shape at 42-02 Orchard Street and debut as the tallest residential building in the neighborhood.
Permits have been filed for a six-story mixed-use building at 38-16 Crescent Street in Long Island City, Queens. Located between 38th and 39th Avenues, the lot is near the 39 Avenue-Dutch Kills subway station, serviced by the N and W trains. Jay Lay of 3818 Crescent Street LLC is listed as the owner behind the applications.
