Tag: Real Estate

Permits filed for 6-story mixed-use building in Astoria

July 16, 2024 By Ethan Marshall Permits have been filed for the construction of a 6-story mixed-use building at 23-57 31st St. in Astoria. Located between 23rd Road and 24th Avenue, the proposed building will be 69 feet tall and have 10 residences when completed. Demolition permits for the property have not yet been filed,… Read more »

$175 million loan secured to finance 12-story mixed-use development in Woodside

July 16, 2024 By Ethan Marshall Eight West, an affiliate of the real estate firm The Hakimian Organization, announced that a $175 million construction take-out loan has been secured to finance SOLA, its newest mixed-use development located in Woodside. SOLA is scheduled to hold its grand opening on Monday, July 22. The loan was provided… Read more »

Condo prices rise in LIC, although sales volume drops: report

July 15, 2024 By Ethan Marshall Condo prices are up in Long Island City, although sales volume has dropped, according to a new report. The median price paid for a condo in Long Island City increased in the second quarter of 2024, compared to the same period last year, according to a report by the… Read more »

Tallest building in Queens tops out, 69-story residential skyscraper

July 12, 2024 By Ethan Marshall Construction has topped out on a 69-story residential skyscraper in Long Island City that will be the tallest building in Queens when it is completed. The building, called the Orchard and located at 27-48 Jackson Ave., is 811 feet tall and surpasses the 763-foot Skyline Tower, which opened in… Read more »

Borden complex nears completion in Long Island City, featuring film and TV studios

July 9, 2024 By Ethan Marshall Construction of the Borden Complex, a 5-story industrial building at 23-30 Borden Ave. in Long Island City, is nearly completed. The 166-foot-tall, 840,000-square-foot building has topped out, and its facade is almost finished. The development is expected to be completed before the end of the year. Approximately 220,000 square… Read more »

Permits filed for new 7-story mixed-use building on Astoria Boulevard

July 9, 2024 By Ethan Marshall Permits have been filed for the construction of a 7-story mixed-use building in Astoria. The building located at 23-29 Astoria Blvd., between 23rd Street and Crescent Street, would be 69 feet tall and feature 10 residential units and commercial space. The plans call for a building that would be… Read more »

Long Island City developers celebrate completion of 46-unit condo building and other milestones

July 2, 2024 By Ethan Marshall Over 400 guests, including those involved in developing and selling Noble LIC, a 46-unit luxury condominium on 40th Avenue, celebrated several milestones with a launch party on Thursday, June 20. The first milestone recognized by attendees was the development’s offering plan being declared effective. This means that the paperwork… Read more »

Construction begins on 5-story mixed-use building on Vernon Boulevard in LIC

July 1, 2024 By Ethan Marshall Construction is now underway on a 5-story mixed-use building at 49-18 Vernon Blvd. in Long Island City. Located at the corner of Vernon Boulevard and 50th Avenue and across from an entrance to the Vernon Boulevard-Jackson Avenue subway station, the property will have 15 residential units and ground-floor retail… Read more »

Op-Ed: The benefits of the City of Yes Housing proposal

June 27, 2024 By Richard Khuzami Most of the media coverage regarding the City of Yes zoning changes, regarding increasing housing, are focused on the negative response from many of the Community Boards from the outer boroughs, especially those especially distant from Manhattan (as of today, we have seen no coverage of CB1 Queens approval… Read more »