Dec. 24, 2024 By Ethan Marshall The real estate developer TF Cornerstone announced its first retail lease signings for its new Malt Drive development at 2-20 and 2-21 Malt Dr. in the Hunter’s Point South section of Long Island City on Tuesday, Dec. 17. The businesses joining the 1,386 residential units at the Malt Drive… Read more »
Dec. 23, 2024 By Ethan Marshall Permits have been filed for the construction of a new 6-story homeless shelter at 38-78 and 38-80 11th St. in Long Island City. Located on the corner of 11th Street and 40th Avenue, this proposed development, referred to as the Bowery Residents’ Committee (BRC) Family Shelter, would be 70… Read more »
Dec. 18, 2024 By Ethan Marshall New York City has launched a housing lottery for 72 units at AURA, a 37-story mixed-use building in Long Island City. Located at 23-10 42nd Rd., AURA features 240 residential units, with 168 offered at market rate. The 72 remaining units have all been designated for individuals who earn… Read more »
Dec. 10, 2024 By Ethan Marshall The real estate developer Slate Property Group announced that it has partnered with White Oak Real Estate Capital to provide a $70 million construction loan to Watermark Capital Group for the development of a 26-story, 184-unit multifamily building at 41-08 Crescent St. in Long Island City. Watermark Capital Group,… Read more »
Nov. 20, 2024 By Ethan Marshall Construction has wrapped for The Northern, two residential buildings at 38-27 and 38-38 32nd St. in Long Island City. The development will yield 116 rental units. Exterior work has been completed for both buildings, each 10 stories tall. This comes almost exactly one year after the buildings were topped… Read more »
Nov. 6, 2024 By Ethan Marshall A key trend in Long Island City, Astoria and Flushing during the third quarter of 2024 was a rise in closed sale prices for condos, showing an increase compared to the same period in 2023, according to a report by the real estate firm Modern Spaces. Flushing had the… Read more »
Nov. 5, 2024 By Ethan Marshall New York City has launched a housing lottery for 282 units at Lumen LIC Apartments, a residential skyscraper in Long Island City. Located at 23-15 44th Rd., Lumen LIC is 67 stories tall and contains 802 residences, with 520 being at market rate. The remaining 282 units have been… Read more »
Oct. 31, 2024 By Ethan Marshall New York City has launched a housing lottery for 173 units at the two-tower complex at 2-20 Malt Dr. in Hunters Point. This 34-story high-rise yields 575 residences, 402 of which are market-rate. The other 173 units have been set aside for those earning 130% of the area median… Read more »
Oct. 30, 2024 By Ethan Marshall Demolition work is underway for a structure at the site of an upcoming 23-story mixed-use building at 45-40 Vernon Blvd. in Long Island City. Formerly the site of the Paragon Paint Building, the derelict structure now has a hallowed framework. Scaffolding and netting have covered its main eastern elevation…. Read more »
Oct. 25, 2024 By Ethan Marshall Skyline Tower, one of the tallest buildings in all of Queens, is offering those who purchase select penthouse units a 2024 Porsche 911 Turbo S now through Dec. 31. There are currently eight penthouse listings on Skyline Tower’s site, ranging in sales price from $1.83 million to $3.85 million…. Read more »