Jan. 3, 2018 By Tara Law
Developers plan to bulldoze a two-story building in the Queens Plaza section of Long Island City and construct a condo building.
The new building is planned to go up on a triangular corner lot at 41-05 29th Street where the now-shuttered Dena’s Coffee Shop is located. Demolition permits were filed on Dec. 1.
The proposed development was first reported Tuesday by The Real Deal, a real estate publication.
Developers SB Development Group and Heritage Real Estate Partners purchased the property in November for $5.8 million.
They told The Real Deal that they plan to build a 100,000 square-foot condo building on the site but did not say how many condos or floors they are planning to construct.
“The irregular triangular shaped lot has its challenges but the opportunity to build something different and unique for the neighborhood is what we envisioned with our architect,” SB Development co-founder Joseph Stern told The Real Deal.
The site is located about three blocks from the Queens Plaza subway station, with access to the E, M, and R lines, and is about four blocks from the 39th Avenue station, with access to the N and W lines.
6 Comments
Very small lot (looks like approx 2000 sq ft?) to build 100,000 square feet on. Are they planning on going 50+ stories? Does the current zoning actually allow them to go that high?
Hope it will have commercial space.
Just what we need ANOTHER CONDO in LIC. lol.
If only someone could stop these greedy developers, like the one you voted into power, from having so much power.
Just what the area needs
I meant that as sarcasm for those who didn’t get it