You are reading

Condo Tower To Rise Across From PS1

taxi

June 30, 2015 By Jackie Strawbridge

The recent $43.5 million sale of a taxi lot on Jackson Avenue will pave the way for a new luxury condominium tower, according to brokers.

Adam America Real Estate purchased the site, located at 22-12 Jackson Avenue, from the Diamond Service Corporation with the intention of developing the site.

The company plans to build an 11-story condominium that will hold 186 residences, including studios, one-, two- and three-bedrooms, as well as 5,000 square-feet of retail space, according to a release from Adam America.

Amenities will include a swimming pool, spa, courtyard, kids’ playroom and fitness center.

There will be roughly 15,500 square-feet of private parking space.

Ronald Solarz of Eastern Consolidated, who brokered the deal with Chris Matousek, said he expects this development to serve a demand for condos in a market saturated with rentals.

“Most of the new development that’s occurring is going to be rental product, but the demand for condominiums in Long Island City is extremely strong, and there are very limited numbers of condos coming on the market,” he said. “Because of that fact, this site is going to be in my opinion a homerun.”

Solarz added that the appeal of the Jackson Avenue condos is that they will provide quick access to midtown Manhattan yet will priced much lower compared to similar units across the river.

The new condo will be located next to an 11-story, 180-unit apartment building at 22-22 Jackson Avenue and steps from the former 5Pointz site.

 

email the author: [email protected]

8 Comments

Click for Comments 
lic-nik

Bloomberg and his philosophy (respect for wealth and the wealthy first, community nil) fostered this wild west approach. Queens, as a “small town” collection of communities needs to rise up against Manhattanization. Been to midtown lately? Can one walk on Union Square? (thanks NYU)?
New arrivals sense the breakdown in community and believe it is the norm. And “don’t care” becomes a terrible children’s teaching tool.

Reply
hmmmm

Adam America is building all over Brooklyn too. not a great product, and in partnership with Slate Property Group.

I don’t predict this to be a particularly appealing building. Some may agree with me if they have seen their other projects.

we need more retail. not just more retail, but affordable retail.

local businesses who want to open up shouldn’t be asked to pay $100 sq foot. It’s ridiculous considering what the area needs is local shopping and more food attractions around here.

there is nowhere in the area to buy a pair of socks in LIC and they’re asking $100 / sq foot for retail….obscene.

Reply
LIC

I love all the Magellans and Columbuses (Columbi?) on this site. I have been guilty of it, as well. We moved to LIC, some sooner than others, and we feel it is ours, our discovery. As a result, we resent all the new development, and resent any/all future inhabitants. Alas, this is New York City. A city that is constantly changing and shifting demographics and remaking neighborhoods. I used to live in downtown Brooklyn, an area previously devoid of any residential population (guess I ruined it). Then, I moved to LIC (guess I ruined it, too). Whatever. It is The City, where change isnt just inevitable, it is part of its being. Change happens. If you love NYC, then change is a part of that, so you should love that, too.

Reply
Anonymous visitor

You sound like lots of other people in NYC who write off the tectonic changes that have happened in the past 15 years by citing the “NYC has always changed” mantra. What we’re seeing in this neighborhood right now is extraordinary and historic even by NYC standards — there really is nothing comparable in our lifetimes to what we’re seeing here, and so people are right to be concerned. Just two factors — population increases of more than 25% between 2000 and 2010 with lots more bodies landing here every day, and skyrocketing rents of 200%, 300% or even more — is not something any of us who’ve spent our lives in this city has any past experience of. So, yes, if you came to a neighborhood in the midst of an insane gold rush, so you can’t harp about it too much without exposing your own stupidity of what you got yourself into. But at the same time, there’s nothing surprising about people expressing wonder about all the rapid evolution going on here.

Reply
Anon

The remaking of neighborhoods is fine if it were planned well, which it is not. There is absolutely no foresight. A neighborhood full of residential development and almost nothing else does not make a great neighborhood.

Reply
Mel

I love how the article mentions quick access to Manhattan! No not it won’t be especially with all these buildings going up! Where are the decent supermarkets, schools, etc, etc, etc!

Reply
Anon

Right next to all of the other residential buildings and further crowding the neighborhood. Con Edison and the MTA better be prepared. And what about the schools and all of the other resources the neighborhood needs? Oh, that’s right, no one cares.

Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Gunman who fired shots at the Ravenswood Houses in Long Island City remains at large: NYPD

Police from the 114th Precinct in Astoria and PSA 9 are continuing their search for a gunman who allegedly opened fire at the Ravenswood Houses in Long Island City last month.

The incident occurred during the early morning hours of Wednesday, Jan. 18, when officers responded to a 911 call and a ShotSpotter activation for multiple shots fired at 21-25 35 Ave. at the Ravenswood Houses NYCHA complex just after 2 a.m., according to authorities.

Popular places where you can watch the Super Bowl in Queens

Feb. 2, 2023 By Tammy Scileppi

Hey, football fans! Game time is fast approaching, and across the city and here in Queens, you can feel the excitement brewing as the two teams prepare to take the field on Super Bowl Sunday, Feb. 12. So, kick back and watch the big game, and don’t miss Rihanna’s exciting performance during halftime. 

Borough president hears from community members on budget needs throughout Queens

During a two-day public hearing on the mayor’s 2024 preliminary budget, Queens Borough President Donovan Richards Jr. listened to testimonies from 14 community board representatives, community stakeholders and members of the public on where the money should be spent in Queens. 

The public hearings were held both in-person and via Zoom on Monday, Jan. 30, and Tuesday, Jan. 31, at Queens Borough Hall. The testimonials will be used to develop the Queens Borough Board’s FY24 preliminary budget priorities in the coming weeks. 

‘He didn’t deserve to die’: Borough President Richards leads emotional candlelight vigil for Tyre Nichols

Queens Borough President Donovan Richards held a candlelight vigil for Tyre Nichols outside Queens Borough Hall Monday, Jan. 30 after Nichols’ death at the hands of police officers in Memphis, Tenn., made national headlines for the brutality in which the officers beat him.

Almost immediately after news broke about Nichols’ death, the Memphis police officers who beat him to death were fired and charged with murder. The police department released the body cam footage of the fatal beating on Jan. 27, but many people, including some at the vigil, have refused to watch it due to its extremely graphic nature.

Long Island City teen sentenced in fatal shooting of ‘beloved’ school teacher at Queensbridge Houses in 2020: DA

A Long Island City man on Friday, Jan. 28, was sentenced to 19 years in prison for the 2020 fatal shooting of a public school social studies teacher who was out walking his dog when he was caught in the crossfire during a confrontation between gang rivals in broad daylight, just blocks from his home, according to Queens District Attorney’s office.

Ike Ford, 19, of 12th Street, in Long Island City, pleaded guilty to manslaughter in the first degree before Queens Supreme Court Justice Kenneth Holder. The teacher, George Rosa, 53, was shot in his abdomen by a stray bullet fired by Ford, who was just 17 years old at the time of the shooting but was sentenced as an adult given the severity of the crime, according to Queens District Attorney Melinda Katz.