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Nolan Demands ‘Moratorium’ on New LIC Developments After News of Queens’ Tallest Building
Nolan Demands ‘Moratorium’ on New LIC Developments After News of Queens’ Tallest Building

July 16, 2018 By Nathaly Pesantez

Assemblymember Catherine Nolan is demanding that the city put a stop on new building construction in Long Island City following recent news of a developer securing a half-billion-dollar loan to build what will stand as Queens’ largest tower to date.

The proposed 67-story condo-project at 23-14 44th Dr., in the works since 2016 and with construction beginning last year, came into the spotlight yet again just last week, when the Wall Street Journal reported that the developer had secured a $502 million construction loan for the massive $700 million project.

With the loan, Chris Jiashu Xu, the developer, will be able to build out the 780 foot, 802-unit “Court Square City View Tower” by 2022, the WSJ reported, with LIC’s Modern Spaces in charge of marketing.

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