The blocks between Court Square and Queensboro Plaza might have more new construction than anywhere else in the city, and today YIMBY has new renderings for one of the hood’s biggest new buildings, the 45-story tower rising at 23-10 Queens Plaza South.
Property Markets Group
Nearly a year ago, construction kicked off at 23-10 Queens Plaza South — aka 23-01 42nd Road, in Long Island City — where Property Markets Group is developing a 44-story, 391-unit residential tower, with 30,650 square feet of office space on the third floor. Now the building is up to the 20th floor, according to The Court Square Blog, and glass is quickly encasing the structure. SLCE Architects is the architect of record, and completion is likely in 2016.
The past few months have seen construction kick into high gear at several sites along and adjacent to the 57th Street corridor, and now 111 West 57th Street will join the pack. Interior demolition and excavation began last year, and now the tower’s crane has arrived on-site, signaling its impending verticality.
Last Summer, Apex Real Estate Investments acquired the three-story buildings spanning 253-255 3rd Avenue, in the Gramercy, and now the firm has purchased the buildings at 257-259 3rd Avenue for $15.7 million. According to Commercial Observer, initial plans were to build a 25-unit residential building with affordable units at Nos. 253-255, but it seems the site has been expanded. Bonus air rights are also available with the inclusionary housing bonus, but the rights will apparently be transferred elsewhere.
JDS and PMG’s 82-story, 60-unit condominium tower at 111 West 57th Street, in Midtown, has received a $725 million construction loan, thanks to AIG and Apollo Global Management. SHoP Architects is designing, and the supertall is now expected to stand 1,438 feet to its pinnacle. The existing Steinway building is being partially demolished, and foundation work is currently underway, with completion slated for 2018, according to Crain’s Business. In April, YIMBY brought you new renderings of the project.