Construction has nearly wrapped on a new residential property located adjacent to the elevated portions of the N and W subway lines in Long Island City. The low-rise building sits mid-block at 36-27 31st Street with TCO approvals anticipated for October 2018.
A mixed-use residential and commercial complex is coming to 37-14 34th Street in the Dutch Kills section of Long Island City. The project comprises two seven-story buildings, erected in two phases, containing 80 residential units.
News broke earlier this month that a developer is looking to build a 12-story mixed-use building at 107-18 70th Road, in Forest Hills, and renderings of the project have since surfaced. According to DNAinfo, the new building is being designed by Morali Architects. As previously reported, the 120-foot-tall structure would require a variance from the city as zoning currently only allows for new developments of up to 80 feet. The developer, who remains anonymous, is planning to transfer air rights to the site, which is currently occupied by a strip of single-story restaurants, known as “Restaurant Row.” The project would have ground-floor retail space with new restaurants and residential units on the upper floors. A tentative completion date is being pegged at 2019.
On the heels of filings for a 20-unit mixed-use building at 36-31 31st Street in Long Island City, another project is now set to rise next door. Yesterday, Thomas Zoitas filed applications for a seven-story, 22-unit mixed-use project at 36-37 31st Street. The building will measure a total 21,412 square feet, which includes 6,035 square feet of commercial space on the ground and second stories. Apartments will average nearly 700 square feet each, and the N and Q trains’ stop at 36th Avenue is at the intersection to the north. Anthony Morali’s Midtown-based Morali Architects is the architect of record, and an existing three-story building must first be demolished.
A U.S. subsidiary of Beijing-based China Oceanwide Holdings has made a deal with Howard Hughes Corp. to purchase the development site at 80 South Street, in the Financial District, for $390 million, according to Crain’s. Along with the five-story building at 80 South Street, the assemblage includes the 10-story building at 163 Front Street. The site boasts 820,000 square feet of development rights, with residential space allowed to span 440,000 square feet while the remainder designated for some form of commercial space.