Michael Cohen & Gal Sela team up for new project in Long Island City
The real estate boom in Long Island City continues to grow. Another tower will be added to the neighborhood’s skyline, courtesy of the same people that own Silver Star Motors. Silver Star Motors is a car dealership that is right next to the new site, which is addressed at 37-14 36th Street, in the intersection with Northern Boulevard. The tower will have 10 stories, 85 rental units and will be located in the Dutch Kill area of LIC. The owner is called Michael Cohen, who partnered with developer Gal Sela, the same person who owns the next door hotel, The Paper Factory Hotel.
So far, the tower is known as “The Silver Star”, like its neighboring building. A new site has been launched where people interested in renting can look into open houses and further details of renting, leasing and the property itself. From the third floor up to the last, the tenth, the residential units will be located. According to sources, these units will be from studios up to three-bedrooms. The other floors, the first and second, will include a car showroom for the dealership next door. Nevertheless, prices have not yet been revealed.
The development of this building started back in 2014, when permit were first filed. The architecture company Montroy Andersen DeMarco is the one in charge of designing, and the final ideas include a facade made of brick and metal, with setbacks and a main entrance located on 36th Street. On the Northern Boulevard site, the tower will feature a glass storefront and a direct entrance to Silver Star Motors, the car dealership. The building is being constructed by 1 Oak Contracting, whom have said the project will cost $26 million. In total, the property will span 135,000 square feet.
Among the amenities already being promoted, the tower will include private terraces in several of the apartments, along with a gym, a rooftop terrace and an outdoor fireplace. The Silver Star will also feature a doorman, laundry in the units, a lounge and bike and car parking. Another “amenity”, even though it is not per-se, it is how easy commuting will be. The M and R train lines are on the same block and many other lines are available within short walking distance. [City Realty]