Developer Rockrose will build a 500-foot tower in Long Island City that will become the tallest residential building in Queens, the Observer reported. The bulding, at 43-25 Hunter Street, will have 975 residential units and is expected to break ground in the fourth quarter of this year. The total cost of the project is an estimated $400 million. The new building is close to the existing Citigroup Building at One Court Square, prompting Rockrose executive Justin Elghanayan to dub it Citigroup’s “girlfriend.” Seven warehouses will be demolished to make room: 25-25 44th Drive, 43-25, 43-15, 43-11 and 43-09 Hunter Street, as well as 27-02 and 27-06 43rd Avenue. Rockrose is also opening new residential properties at Linc LIC in Court Square and Eagle Loft at 43-22 Queens Street. TF Cornerstone, which is owned by other members of the Elghanayan family, is developing its own Long Island City portfolio near the waterfront.
Rendering via Rockrose / Observer
This post has been updated: Rockrose’s new building would be the tallest residential building in Queens, not the tallest overall.
Police arrested 38 suspected drug dealers in Ravenswood Houses in Astoria and Queensbridge Houses in Long Island City, the Daily News reported. The suspects were ages 18 to 57 and accused of dealing heroin, cocaine, oxycodone, methamphetamines and marijuana to uncover cops. There are around 7,000 residents in Queensbridge and another 4,500 in Ravenswood, making them some of the largest housing projects in the country.
From the nearby LIE, or onboard the 7 train, you might have noticed an 108,000 square foot, 6-story former factory and manufacturing facility which serves modernity as a document storage warehouse and pedestal for advertising. The triangular structure, found on 21st street and 49th avenue in LIC (classified by DOB as block 71, lot 1), was the very center of Queens from 1916-20 when it was called the “Queens Subway Building” and served as the Queens Borough Hall.
Borough President Maurice E. Connolly located the offices of Queens County & Borough here, alongside the LIRR tracks, and the building was erected over the newly built Subway tunnel and station. Influential developers like Degnon Terminal and Realty also opened offices here, but the Borough Hall moved east in 1920. Paragon Oil, whose branding persists, moved in and was here until the 1950′s. The building has been a documents warehouse ever since.
TF Cornerstone’s newest Long Island City rental tower, 4545 Center Boulevard, has begun leasing, the developer said Monday. Rents will start at $2,300 per month for the building’s 820 units, which include studios, one-bedroom, two-bedroom and three-bedroom units.
Arquitectonica designed the building’s exterior, and the Rockwell Group designed the lobby. Leasing will be done in-house, a TF Cornerstone rep tells Brownstoner. The development has a resort-like amenity package that includes a sand volleyball court, two tennis courts and a reflecting pool. To cater to the family crowd, the building has a children’s playroom and playground.
It’s TF Cornerstone’s fifth building along the Long Island City waterfront. The developer’s sixth project, 4610 Center Boulevard, is under construction. When completed, TF Cornerstone will have a total of 2,615 rental units and 184 condos in the area.
A rendering of the amenity spaces after the jump. (more…)
There’s a public hearing on Wednesday, May 22 regarding developer David Wolkoff’s redevelopment plan for 5Pointz, the graffiti-clad art mecca in Long Island City. Wolkoff plans to demolish the current structure and building two residential towers. Note that Wolkoff is able to demolish the building under the existing zoning – he just needs routine Department of Buildings permits – but the Community Board does have a say in the redevelopment plan for the project, which is calling for an upzoning.
As the Long Island City Post reports, Wolkoff is seeking a total of 980,000 square feet among the two buildings, which would have 1,000 market-rate rental units. He’s proposing 30,000 square feet in public space to appease the community. The meeting is at 7 pm at MoMA PS1 at 22-25 Jackson Avenue, right next to 5Pointz itself.
The Times spoke with a couple over the weekend, Marni and Chaz King, preparing for twins and being squeezed out of their Murray Hill apartment. They were looking for a two-bedroom, two-bathroom apartment for $3,500, a difficult get in Manhattan. The Upper East Side was “retro in a bad way” and another unit in Murray Hill only offered a one-year lease.
In a chance encounter at a physical therapy office, Chaz King heard gushing about a foreign land known as Long Island City. They checked it out and found a 900-square-foot listing at the Karl Fischer-designed Crescent Club at 41-17 Crescent Street, represented by Justin Martinez of Christie Property Group. The couple was wary of the 7-train and the neighborhood’s rough edges, but eventually signed on for $3,775 a month, 26-month lease with two months free; their actual rent is just shy of $3,500. (And they’re not the only ones–we reported back in February when the project signed its 100th lease.)
They’re still concerned about the lack of family necessities, commenting that the “strip-club-to-supermarket ratio is not in favor of the grocery stores,” but the simple reality of more space appears to have won them over, at least for now. The twins are due next month. “Chaz says he can’t imagine trying to squeeze into the old apartment. I’m, like, ‘Another box from diapers.com got delivered.’ We would have had no place for any of that stuff, and the kids aren’t even here yet,” Marni King tells the Times. Maybe it’s time to rent some temporary storage? GMAP
Curbed reports that new Long Island City condo Five27 has launched sales. The property, at 5-27 51st Street, has prices from $440,000 to $950,000. Amenities include a gym, roof deck and bike storage. Brokerage Modern Spaces is handling sales. We’ve reached out for more information, stay tuned. Check out an additional rendering on the jump… (more…)
It’s been a long time coming (what with the CUNY drama and all) but the residential development at 5-11 47th Avenue is showing real signs of progress: portions of the facade are already bricked up and, as you can see from the photo of the rear of the building on the jump, some windows are even in. According to one of those snazzy “What’s Going On Here?” posters affixed to the work shed, the 12-story project will include 188 apartments as well as a community center, lounge and gym when all is said and done. Who needs a gym though when you’re living across the street from such a beautiful soccer field?
It’s time for our weekly Queens food blog roundup, where we show you what the local food press has in store. For this meal, we’ve selected an Turkish cuisine, half-shell treats, homestyle meatballs, and cookies. Please have a seat and your server will be right with you.
Yesterday Gothamist did a round-up of the ten best rooftop bars in the city. The lone Queens rep? Hotel Ravel, the 63-room stopover at 8-08 Queens Plaza South in LIC. Have any readers taken in a buzzed bridge view from here? Photo from Joonbug.com