Aug. 12, 2022 By Michael Dorgan
Two developers plan to construct a 55-story mixed-used tower next to the Court Square subway station in Long Island City that would come with around 600 apartments.
The developers, Charney Companies based in Long Island City and Tavros Capital based in Manhattan, recently purchased an 18,000 square foot parcel at 24-19 Jackson Ave. for $68.3 million.
The site, which is currently vacant and consists of overgrown greenery, is situated adjacent to the Court Square subway station.
Charney Companies and Tavros Capital plan to combine the parcel with an adjoining site they own—an 11,000 square foot property at 45-03 23rd St. — in order to build the high-rise tower, a representative for Charney told the Queens Post.
The 23rd Street site is also vacant. The developers purchased the site in 2016, city records show.
No building permits have been filed to date. However, Charney’s representative confirmed the plans and said the development would also include 90,000 square feet of retail space and office space. It is unclear when construction on the project would begin.
The developers bought the Jackson Avenue site in June from Toyoko Inn, a Japanese hotel operator, and qualify for the city’s 421a tax abatement which expired at the end of June.
Toyoko Inn had planned to build a 50-story hotel with 1,200 rooms on the Jackson Avenue site but decided not to move forward with the project. Toyoko Inn put the site up for sale in December, shortly after the City Council passed a zoning text requirement that necessitates developers to obtain a special permit in order to construct new hotels.
The zoning change aims to limit the number of hotels being built in the city.
Goodness forbid they leave some green space. Again, NYC has learned nothing from the pandemic.
And RIP to that Trader Joe’s, they won’t be able to keep up.
This part of LIC is already extremely overdeveloped. Spread the wealth to other areas, not Court Sq.
More hipster housing
More like, yuppie scum.
Will it cover the graffiti on the short building and the eye sore of a train? Then it’s wonderful
Aaron Brown U.S. Navy Retired
Where us the affordable housong
This is pure overkill. There are not many stores here teally.. LIC has become a friggin JOKE. More apts to go empty as most other lixury buildings not full. Blame tje Politicians who let this happen.
I thought co vrete had to be poured tp get tje tax nreak by a certain date in June.? Who is lying?
Sick and tired of seeing small businesses, stores and restaurants be torn down to make room for over-sized apartment buildings that remain empty. Queens is beyond over-crowded (with parking spots removed for the few bicyclists that use the driver paid-for bike lanes). Are these residences going to be Section 8 housing for people who come here and get other benefits? Just asking.
It won’ t be affordable I an sure. Must be lucury that is why they are so vague about it.
There is literally nothing here except for overgrown grass.
Plenty of small business located inside these new big towers. Genius.