QUEENS REAL ESTATE NEWS

SPILLING THE BEANS ON QUEENS REAL ESTATE

New 25-Story, 184-Unit Building Planned At 27-17 42nd Road, Long Island City

A new development is well underway for a high-rise building on the address of the formerly-proposed “Star Tower” in Long Island City. This is according to reports by The Court Square Blog. Reports following this news indicated that the new building’s filing address has been amended to 27-17 42nd Road.

According to the DOB, the building is planned to have 25 stories, rising to 258 feet to the roof. The filing list the building’s entire area of 221,266 square feet, including mechanical space, and 184 residential units will be distributed across most of that space. Retail is also said to be included for the ground floor plans.

This Eastern Star Development will be for the 13,500 square foot property, which has been sold for $44 million in 2014. Prior to that, this lot was the site of the Star Tower proposal which was abandoned later on. Eastern Star seems to be saving the permits initially for the project, even having a rendering posted on-site, resembling the first plans for the Star Tower. Predecessor to this site was a five-story commercial building which was demolished in 2007.

A couple of new and major residential developments have been brewing in the Court Square, ranging from rental buildings at skyscraper levels to small condo projects. Immediately to the East, Heatherwood Communities’ 58-story, 477-unit tower rises at 42-12 28th Street.

As for 27-17 42nd Road, Bayside-based Joseph Sultana, of JLS Designs, is the architect of record. 2017 is the target date for this development’s completion.