Jan. 10, 2013 By Bill Parry
Yet another residential development is coming to the Court Square Section of Long Island City.
Rockrose Development bought the Eagle Electric Building at 43-22 Queens St. for $48 million last month—with plans to build a 700-unit rental tower.
The development represents Rockrose’s third in that section of LIC. Combined, the three buildings will have nearly 2,400 units.
Rockrose is planning to demolish some parts of the 6-story Eagle Electric building while adding a tower that might be as high as 30 stories.
Dana Frankel, the District Services Manager of the Long Island City Partnership said, “Rockrose Development Corp. does a great job bringing tenants into LIC, they understand the character of the community and its needs as the neighborhood grows.”
Rockrose is close to completing Linc LIC, a 709 unit rental tower at 43-10 Crescent St. It is in the planning stages of another rental tower a block away at 43-25 Hunter St. That will be 975 units.
Rockrose Development also owns a garage at Crescent St. and is currently developing a strip along Jackson Ave.