The Clock Tower of LIC Sold for $15 Million

The historic Clock Tower of LIC, located off Queens Plaza North, 41st Avenue and Northern Boulevard, has officially sold. Public records show a recent sale for $15,000,000. After a little digging, it looks like the buyer is the LIC-based developer Criterion Group, who is also working on the much-buzzed about condo for the former Joe Abbracciamento site. A rep from Criterion told Curbed that they do not have any immediate plans for the building, but Curbed guesses that since “Criterion is a residential developer, the Clock Tower will most likely become apartments.”

The Center for Holographic Arts announced in March their move out of the clock tower due to the sale of the building. (They are relocating to Governor’s Island this summer.) Before the arts center moved in, it had sat empty for decades.

Clock Tower of LIC Sells, the Center for the Holographic Arts Is Moving out in April [Q’Stoner] GMAP

Photo via Clock Tower LIC