Dec. 4, 2019 By Allie Griffin
A 400,000-square-foot commercial redevelopment project in Long Island City has begun its first phase of renovations.
The massive development called ‘Urban Yard’ will encompass five former warehouse buildings, which will be renovated and connected to create new office and retail space between 21st Street and 22nd Street along 40th Avenue. The five buildings will surround an outside courtyard.
The first phase of renovations will be an 87,000-square-foot office building at 40-09 21st St. across from the Queensbridge Houses. The office building will feature oversized windows on three sides, 15,000-square-foot floor plates, a renovated lobby, tenant amenity center, large new elevators and outdoor landscaped areas with seating.
The office building is expected to be completed by summer 2020.
The commercial real estate advisory firm Newmark Knight Frank (NFK) announced Tuesday that it would be representing the site’s developer Elms Realty for the project.
“We are very excited to represent Elms Realty for this very significant redevelopment project,” NKF Senior Managing Director Bernard Weitzman said. “Once renovated, Urban Yard and 40-09 21st Street, as the first phase of the project, will become one of the finest new available office options in Long Island City.”
“Ownership envisions making Urban Yard an amenity rich environment where like-minded companies can acquire talent, collaborate and thrive.”