Huge loan will help build the newest luxury apartment tower in Long Island City
Located at 29-26 Northern Blvd., the building will have 467 apartments and amenities such as an indoor swimming pool and fitness center. Construction has already started and the building is set to be finished in early 2018.
The real estate development firms have partnered before to erect several apartments at the site of the old Paragon Paint Factory at 45-40 Vernon Blvd., which has been met with resistance by Long Island City residents.
Matthew Baron, president of Simon Baron Development, called Long Island City “one of the great emerging neighborhoods in New York City.”
“We’re excited to be a large part of the growth here in LIC,” he said in a statement.