Queens

41-04 27th Street

Nine-Story, 32-Unit Mixed-Use Building Rises At 41-04 27th Street, Long Island City

In October of 2015, YIMBY revealed a rendering of the nine-story, 32-unit mixed-use building underway at 41-04 27th Street, in the Queens Plaza section of Long Island City. At the time, foundation work was underway, but now the structure is five stories above street level and rising, according to The Court Square Blog. The new building, dubbed Queens Boro Tower, will encompass 30,355 square feet and will feature 4,073 square feet of ground-floor retail space. Its residential units should average 654 square feet apiece, indicative of rental apartments. The Schedule A lists a fitness center in the cellar as an amenity. Rego Park-based Great Stone Development is behind the project and Chang Hwa Tan’s Queens-based Tan Architect is designing. Completion can probably be expected by 2017.


153-03 41st Avenue

Three-Story, 17,000-Square-Foot Multi-Use Building Filed At 153-03 41st Avenue, Murray Hill

Property owners Byung Woo Lim and Ouk Ja Lim, doing business as an anonymous Long Island-based LLC, have been filing applications since June of 2014 for a three-story, 17,167-square-foot multi-use community facility at 153-03 41st Avenue (a.k.a. 40-23 – 40-27 Murray Street), in Queens’s Murray Hill. According to the latest filing, the new building will include a doctor’s office on part of the ground floor and a daycare on the rest of the ground floor and the entire second and third floors. The cellar will feature a 10-car parking garage. The 75-foot-wide property is currently occupied by two two-and-a-half-story buildings and is located three blocks from the neighborhood’s Long Island Rail Road station. Suk Hwan Kim’s Flushing-based Design Group In H&K is the architect of record.



21-00 49th Avenue

Developers To Convert Two Long Island City Industrial Buildings At 21-09 Borden, 21-00 49th Avenues Into Office Space

In February, Related Companies and GreenOak Real Estate purchased the seven-story, 168,000-square-foot industrial building at 21-09 Borden Avenue, in southern Long Island City, for $62.5 million. The Real Deal now reports the developers have secured a total of $60.8 million in loans, some of which will be used to convert the property into an office building. The two developers also purchased the Paragon Building – a six-story, 108,000-square-foot former industrial building at 21-00 49th Avenue, in southern Long Island City – for roughly $47.5 million. The property is located two blocks to the north and is also expected to be converted into office space. An architect and targeted completion dates have not been disclosed.



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