SB Development Group

New Rendering Revealed For 29-15 40th Road in Long Island City, Queens

7:30 am on April 2, 2024 By Michael Young

A new rendering has been revealed for 29-15 40th Road, an upcoming 12-story residential building in Long Island City, Queens. Few details have been made public about the project, which is being designed by Fogarty Finger Architects and developed by SB Development, which also acquired the adjacent lot at 29-13 40th Road for $8.7 million last fall. LIC 40th Avenue Owner LLC is listed as the owner and SBGC LLC is the general contractor for the property, which is located on an interior lot bound by 40th Avenue to the north and 40th Road to the south.

Excavation Begins at 29-15 40th Road in Long Island City, Queens

7:30 am on December 26, 2023 By Michael Young and Matt Pruznick

Construction has broken ground at 29-15 40th Road, the site of a new residential building in Long Island City, Queens. Details are slim for the project, which is being designed by Fogarty Finger Architects and developed by SB Development, which also acquired the adjacent lot at 29-13 40th Road for $8.7 million over the fall. 29-15 40 RD LLC is listed as the owner and Alba Services Inc. served as the demolition contractor for the property, which is located on an interior lot bound by 40th Avenue to the north and 40th Road to the south.

NOVA at at 41-05 29th Street - Photo by Michael Young

NOVA Granted Temporary Certificate of Occupancy at 41-05 29th Street in Long Island City, Queens

7:00 am on May 9, 2023 By Sebastian Morris

NOVA, a high-rise condominium property at 41-05 29th Street in Long Island City, has been granted a Temporary Certificate of Occupancy from New York City’s Department of Buildings. Led by SB Development, the building contains 86 apartments, an expansive collection of amenities, and 2,300 square feet of ground-floor retail space.

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

NOVA Nears Completion at 41-05 29th Street in Long Island City, Queens

8:00 am on April 29, 2023 By Michael Young

Exterior work is nearing completion on NOVA, a 24-story residential building at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger and developed by SB Development Group, the Flatiron-esque structure will yield 86 condominium units in studio to three-bedroom layouts with sales and marketing led by Modern Spaces, as well as 2,300 square feet of ground-floor retail space. SBGC, LLC is the general contractor for the $70 million project, which is bound by 41st Avenue to the east and 29th Street to the west.

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.

NOVA’s Façade Progresses at 41-05 29th Street in Long Island City, Queens

8:00 am on October 8, 2022 By Michael Young

Façade work is progressing on NOVA, a 24-story residential tower at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger and developed by SB Development Group, the structure will yield 86 condominium units in studio to three-bedroom layouts with sales and marketing led by Modern Spaces, as well as ground-floor retail space. SBGC, LLC is the general contractor for the property, which is bound by 41st Avenue to the east and 29th Street to the west.

Housing Lottery Launches for Rise LIC at 29-17 40th Avenue in Long Island City, Queens

7:00 am on January 21, 2022 By Vanessa Londono

The affordable housing lottery has launched for Rise LIC, an 11-story mixed-use building at 29-17 40th Avenue in Long Island City, Queens. Designed by Fogarty Finger Architects and developed by SB Development, the structure yields 103 residences. Available on NYC Housing Connect are 31 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $53,898 to $192,400.

NOVA Condominium Tower Tops Out at 41-05 29th Street in Long Island City, Queens

7:00 am on January 16, 2022 By Sebastian Morris

Construction has topped out on NOVA, a 24-story condominium tower at 41-05 29th Street in Long Island City, Queens. Developed by SB Development Group, the building will yield 84 units and ground-for retail space. The homes will range from studios up to three-bedroom layouts, and each floor will support no more than five condos.

The Nova Rises Toward Halfway Mark at 41-05 29th Street in Long Island City, Queens

7:30 am on August 1, 2021 By Michael Young

Construction is rising rapidly on The Nova, a 24-story residential project at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger and developed by SB Development Group, the 290-foot-tall structure will yield 86 homes and ground-floor retail space on a triangular plot at the confluence of 29th Street and 41st Avenue. The developers recently secured a construction loan from SCALE Lending worth $55 million to complete the project.

Updated Rendering Revealed for 41-05 29th Street in Long Island City

7:30 am on April 1, 2019 By Michael Young

An updated preliminary rendering has been revealed for 41-05 29th Street. The site is located in Long Island City, Queens and will eventually be home to a 24-story mixed-use residential development with ground-floor retail. An excavator and a piling machine were also seen on the triangular corner lot. The property sits at the confluence of 29th Street and 41st Avenue and also happens to be located across the street from Queens Plaza Park, which will become the second-tallest building in the downtown neighborhood upon completion. The tower at 41-05 29th Street is being designed by Fogarty Finger and developed by SB Development Group.

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