CW Northern LLC has acquired the 36,889-square-foot mixed-use development assemblage at 144-51 – 144-61 Northern Boulevard, in Flushing’s Linden Hill section. The assemblage — consisting of two lots — traded for $36 million. That equates to more than $400 per square-foot, a record for Queens in 2016, Real Estate Weekly reported. The plot can accommodate 89,640 square feet of mixed-use development if the existing buildings are demolished. It is currently occupied by a two two-story office properties, both currently occupied by banks. Plans for the site haven’t yet been publicly disclosed. The Flushing-Main Street stop on the 7 train is six blocks away.
Though the weather is cooling down, it isn’t putting a damper on new development in Long Island City. On Wednesday, a new 10-story, 102,292-square-foot mixed-use building topped out at 37-14 36th Street, located between Northern Boulevard and 37th Avenue in the Dutch Kills section of the neighborhood.
The blocks around Court Square in Long Island City are a forest of glassy towers, and another new mid-rise development is headed to the area. New building applications have been filed for a seven-story, mixed-use building at 11-12 44th Drive, at the corner of 11th Street.
Construction has topped out and façade installation has begun on the eight-story, 54-unit mixed-use building under development at 275 West 140th Street, located on the corner of Frederick Douglass Boulevard in northern Harlem. Harlem+Bespoke offered a glimpse of the building, dubbed Strivers Plaza, in its final stages. The latest permits indicate the structure measures 64,948 square feet. The ground floor will host an 8,024-square-foot market, in addition to 498 square feet of community facility space. On the floors above, 53 of the units (the 54th will be occupied by the superintendent) will rent at below-market rates through the affordable housing lottery. The apartments will come in studios to two-bedrooms, averaging 876 square feet apiece. Radson Development is the developer and Aufgang Architects is behind the design. Completion can probably be expected later this year.
Construction has reached the fifth floor of the planned 21-story, 105-unit mixed-use building at 237 Duffield Street, in Downtown Brooklyn. The latest construction photo was posted to the Forums by prolific photographer Tectonic. The latest building permits show an 111,775-square-foot, 222-foot-tall building is in the works. It will have 4,731 square feet of retail space across the ground and cellar levels. The residential units above should average 809 square feet apiece, indicative of rental apartments. Amenities include storage for 53 bikes, laundry facilities, and terraces on the 13th and 21st floors. Castle Rock Equity Group is the developer and Urban Tectonics is behind the architecture. Completion can probably be expected in 2017.