Queens

The Borden Complex Tops Out at 23-30 Borden Avenue in Long Island City, Queens

7:30 am on December 20, 2022 By Michael Young

Construction has partially topped out on The Borden Complex, a five-story industrial building at 23-30 Borden Avenue in Long Island City, Queens. Designed by KSS Architects for Innovo Property Group, which acquired the property for $75 million with Atalaya Capital Management and Nan Fung Group, the 166-foot-tall structure will span 840,000 square feet and house logistics and warehouse space featuring truck courts, a distribution center, two stories of film and television studios, office space, and on-site vertical parking. Earlier this summer, IPG closed on a $435 million loan from Starwood Property Trust and JPMorgan to refinance the development. March Associates Construction is the general contractor for the project, which is located between Borden Avenue and Newton Creek. HLW is the designer of the studio facility within the building.

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A completed battery storage facility in the Bronx - NineDot Energy

NineDot Energy Secures $85 Million Loan for 11 Renewable Community Energy Projects

7:00 am on December 20, 2022 By Sebastian Morris

NineDot Energy, one of the leading developers of community-accessible clean energy projects in the New York City region, has secured an $85 million loan for 11 new projects in The Bronx, Staten Island, Queens, and Long Island. The funding supports the completion of battery storage facilities that will provide sources of redundant, clean energy to existing grid infrastructure during peak demand, which helps avoid costly outages and unexpected service interruptions.

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Updated renderings of Nova at 41-05 29th Street - Fogarty Finger

Developers Secure $62M Loan for NOVA Condominium Tower at 41-05 29th Street in Long Island City, Queens

7:00 am on December 19, 2022 By Sebastian Morris

SB Development and Hazelton Capital Group have secured a $62 million loan to facilitate the completion of Nova, an 86-unit condominium tower at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger, the residential collection will range from studios up to three-bedroom layouts, with no more than five units per floor. The loan was provided by Northwind Group, a Manhattan-based real estate private equity firm.

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Foundation Work Begins at 43-30 24th Street in Long Island City, Queens

8:00 am on December 18, 2022 By Michael Young

Number 14 on our December countdown of the tallest buildings under construction in New York is 43-30 24th Street, a 66-story residential skyscraper in Long Island City, Queens. Designed by Hill West Architects and developed by Carmel Partners, the 731-foot-tall tower will yield 921 units spread across 838,000 square feet and 17,400 square feet of ground-floor commercial retail space. The developer purchased the 79,250-square-foot full-block parcel from Stawski Partners for $200 million in March and later secured a $364 million construction loan from Wells Fargo to complete the project. Carmel Construction East is the general contractor for the property, which is bound by 43rd Avenue to the north, 44th Road to the south, 24th Street to the east, and 23rd Street to the west.

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Permits Filed for 131-24 40th Road in Downtown Flushing, Queens

6:30 am on December 17, 2022 By Vanessa Londono

New permits have been filed for a 14-story mixed-use building at 131-24 40th Road in Flushing, Queens. Located west of the intersection between 40th Road and College Point Boulevard, the lot is near the Main Street subway station, serviced by the 7 train. Betsy Mak under the Success 83 LLC is listed as the owner behind the applications, and previously filed permits in 2021 for an 11-story hotel.

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