Category: construction-development

LIC condo activity climbs in Q2 2025 with surge in sales and contracts: report

July 14, 2025 By Ethan Marshall The second quarter of 2025 saw a strong showing from the condo market in Long Island City, with closed sales and new contracts signed both increasing immensely year-over-year, according to a report by the real estate company SERHANT. Over this period of time, closed sales of Long Island City… Read more »

Officials break ground on $51.5M affordable housing project in Sunnyside

Jul. 8, 2025 By Czarinna Andres July 8, 2025 By Shane O’Brien Elected officials, community members, and representatives from non-profit Elmcor broke ground on a new $51.5 million affordable housing development in Sunnyside Monday morning, which promises to deliver 55 new affordable units to the neighborhood. The development, located at 43-12 50th St., will also…

LIC luxury tower 1 Queens Plaza South refinanced for over $158 million

July 8, 2025 By Ethan Marshall A 45-story luxury apartment tower in Long Island City has secured $158.2 million in refinancing, according to an announcement by Natixis Corporate and Investment Banking. The floating-rate loan was provided to refinance 1 Queens Plaza South, a 391-unit residential building located at 23-10 Queens Plaza South. Designed by SLCE… Read more »

9-story housing project with 124 units proposed near Hallets Cove in Astoria

Jul. 1, 2025 By emarshall July 1, 2025 By Ethan Marshall Permits have been filed for the construction of a 9-story residential building with 124 housing units on the vacant lot at 30-11 12th St. in Astoria. The proposed building would be 91 feet tall and yield 94,474 square feet of space. With an…

New design revealed for 46-story, 561-unit tower near Queens Plaza

June 30, 2025 By Ethan Marshall An updated design has been made for an upcoming 46-story skyscraper that will have 561 housing units at 30-25 Queens Blvd. in Long Island City. The skyscraper will be 525 feet tall and span 511,000 square. Of the 561 residences, which will range in size from studios to two-bedroom… Read more »

Permits filed for new 5-story residential development near Mt.Sinai in Astoria

Jun. 23, 2025 By emarshall June 23, 2025 By Ethan Marshall Permits have been filed for the construction of a 5-story residential building with eight housing units at 30-16 23rd St. in Astoria. The proposed building would be 50 feet tall and yield 6,210 square feet of space. With an average unit scope of…

Housing lottery opens for five 1BR units near Hallets Point in Astoria with $2,075 rent

Jun. 20, 2025 By emarshall June 20, 2025 By Ethan Marshall Sign up for our weekly email newsletter to stay updated on the latest housing lotteries in New York City. New York City has launched a housing lottery for five units in an 8-story residential building at 26-18 4th St. in Astoria. The building has 22…

OneLIC rezoning plan earns conditional support from Community Boards 1 and 2

OneLIC Neighborhood Plan will update outdated zoning and expand access to the waterfront. Image Credit: DCP.

June 19, 2025 By Shane O’Brien Community Boards 1 and 2 have both voted to support the city’s OneLIC Neighborhood Plan—with conditions— and described the vote as a “hard-fought endorsement of a more equitable Long Island City.” Community Board 2 passed a non-binding resolution on Wednesday night with a 37-7 vote in favor of the… Read more »

Housing lottery opens for 19 income-restricted units in Astoria, starting at $2,850

Jun. 19, 2025 By emarshall June 19, 2025 By Ethan Marshall Sign up for our weekly email newsletter to stay updated on the latest housing lotteries in New York City. New York City has launched a housing lottery for 19 units in an 8-story mixed-use building at 37-42 30th St. in Astoria. The building features 63…