You are reading

Developer Gets Approval to Sell 802 Condos in Queens’ Tallest Building

Oct. 25, 2018 By Christian Murray

The developer of a 67-story building that will contain 802 condo units got the go ahead from the state attorney general’s office to start selling units.

The building will be the tallest in Queens to date, with the total value of all units in the 100 percent condo-building to exceed $1 billion, according to the offering plan. The units are expected to begin closing in July 2020.

The development, called the Skyline Tower and located at 23-15 44th Drive, will consist of about 30 percent of the condo stock in Long Island City when it is complete, according to Patrick W. Smith, an agent with Stribling & Associates who focuses on new development and who is heading up the company’s first office in Queens.

Smith said that 44 condominiums have been completed in Long Island City to date containing 2,570 units.

Condo prices in the Skyline Tower will start at $600,000 and the project will offer studio to four-bedroom units. Amenities will include a garage, pool, lounge, fitness center, pet bath space, kids room and more.

The average unit size will be 820 square feet and will be priced at $1,533 per square foot, according to the offering plan.

The main draw of the building is expected to be the views, with the upper floors being taller that the Citi Building.

Chris Xu of United Construction and Development is the lead developer on the project, and is collaborating with partners Henry Yeung, Brian Pun of FSA Capital and Risland U.S. Holdings LLC.

Modern Spaces is the exclusive marketing and sales firm for the project.

email the author: [email protected]

63 Comments

MRLIC

For those of you that want King BLOOMBERG back….you need to go to a psychiatrist. His PLANYC 2030 (City For The Rich Plan) is coming to fruition. Giuliani started the strip Malls but Bloomberg developed everything else. He actually said once NYC is better with more rich people in it. When the recession hit, Bloomberg’s first thought was to get Wall St. workers jobs through a job bank who lost their jobs. Sure, bring Bloomberg back. NOT!!!!!!!!!!!!




7



36
Reply
Jay

Deblasio aggressively expanded rezoning, (most recently Inwood) and displaced many middle class people. He pretends they build “affordable” apartments that no one can afford. On top of that, homelessness, Rapes and shootings are all up for the year. Deblasio is the worst mayor ever!!!!




51



22
Reply
Jim

Deblasio controls this city and the fact it’s still a sanctuary city proves that. I’m sure Deblasio will help you.




26



32
Reply
Anonymous

Even though these new developments & people are crowding our trains, it’s still a lot better than how this neighborhood used to be. LIC was crap until 2000. It was full of strip joints, junkies, hookers and pimps. At night, hookers literally walked around topples flagging down cars. It was like a mini Times Square 1970.




29



9
Reply
MRLIC

This is all BS. Most seedy stuff happened under the 7 train heding to Queens Plaza. If you wanted a hooker that is where you could pick one up. There were bars around not all topless. Crime was not as bad as it is here now. What neighborhood did you live in because it definitely wasn’t LIC /Court Sq..Vernon. Junkies were everywhere in NYC, no neighborhood was safe. It was minimal here. Down by Vernon near the Bridge and Queensbridge is where they mostly were. There was a $50,ooo drug bust down by Vernon last year.(The Power House) and I believe City Lights had a smaller drug bust.




6



25
Reply
Anonymous

Born and raised in Astoria buddy. LIC was a lot worse than the surrounding neighborhoods like Astoria and Sunnyside. You couldn’t even walk around at night. LIC far from perfect today but it’s definitely a lot safer.




34



5
Reply
Marie

Too much development…I think the Chinese are coming here to develop…too many people here as it is.




1



1
Reply
Jay

LIC has 6 train lines to Manhattan (7, N/W, E, F, M, R), plus G train to Brooklyn, LIRR line, NYC Ferry, Midtown tunnel, 59th street bridge & Roosevelt Island Bridge. LIC neighborhood is the transportation hub of Queens with riverfront views of Manhattan skyline & only a 5 minute commute to city by train, car or ferry. Developers will never stop unless our economy crashes.




32



4
Reply
31aveguy

The economy is overdue for a downturn, Jay. And when the music stops, there will be a lot of evaporated equity in the glass boxes of Long Island City.




16



3
Reply
Jay

That will definitely happen and the “last guys in” will take a hit to their equity but on the flip side it will also create cheaper homes and cheaper rents.




10



0
Reply
rikki

all OVERCAPACITY unless you reverse commute to Forest Hills kew gardens Jamaica then its almost empty at 8am so you can sit down and relax on your way to work.




7



26
Reply
31aveguy

The virtually complete transformation of LIC and Astoria has been mostly due to artificially low interest rates over the past 10 years. Both Reps (Bush) and Dems (Obama) are to blame. These cheap rates have greatly enriched real estate developers while at the same time devastating fixed income returns that older Americans have traditionally relied on. You could say that it is the greatest wealth transfer theft in the history of the United States. By the way, I’m a Republican and I am saying this. Anyhow, a lot of the LIC boom is due to Chinese demand. They will be gone in a heartbeat when economic conditions change. That’s when it will get really interesting.




4



1
Reply
Anonymous

Any chance there’s a school at the bottom? …no?… didn’t think so. Way to go CB2 and Jimmy Van Bramer. Screwing the neighborhood yet again.




17



3
Reply
gadg

1. LIC is a souless industrial wasteland with no destinations to go to

2. Developers will build housing for people which results in commercial space.

Pick one.




16



8
Reply
MrLIC

Will it have a dry cleaner and a dog parlor on the first floor? My Fifums needs her booties laundered.




19



1
Reply
Gabriel

So happy I grew up in the 60’s and 70’s when the neighborhood was still a NEIGHBORhood.




16



20
Reply
John O'Reilly

The only place in Queens where you will be able to look down on the Citibank Building.




9



2
Reply
R P

Yes but by 2020 it will no longer be the Citi building. They are gonna take the sign down and to a new one up. It will be the Amazon building




5



2
Reply
Bill

LIC is a totally soulless wasteland of condos. There are no clubs or music venues and a limited number of decent restaurants. If you pay that much money and can’t walk out your door to check out something culturally interesting besides PS1, it’s pathetic.
Queens represents every horrible, cheap architectural style possible. These glass boxes are the new brick boxes. Great, LIC has all the trains and one stop to Manhattan, but what else? This area is the perfect example of misguided political decisions with absolutely zero benefit to the surrounding community, no urban planning, etc.. the trains will be more and more packed, as will the schools and virtually every other vital amenity. I can’t wait to see the development monstrosity that sunnyside rail yards becomes. ‘Affordable’ 3000 1Brs etc.




51



8
Reply
tfr sunnyside

the 7 which is all ready crowded will be like a sardine can 24/7.. more buildings more people no infrastructure..!




12



2
Reply
Mascano

If you cant afford to live here its ok ,but you dont have to put down the people that like it here.Lets all try to be a little more civil




17



14
Reply
yasss

it’s all Chinese people and idiots who move to LIC. there’s nothing there bud. You have 40 italian restaurants and nothing decent that locals support. People in LIC don’t give a shit about local businesses.




13



14
Reply
Anonymous

“Great, LIC has all the trains and one stop to Manhattan, but what else?” Plus the NYC Ferry, Midtown tunnel, 59th street bridge, Roosevelt Island bridge straight to Roosevelt’s new Cornell Tech University & the Polaski bridge straight to BK. You’re talking about a 5 minute commute to Manhattan by train, Ferry, Bridge & Tunnel plus riverfront views of the city’s skyline. This neighborhood is a developer’s wet dream.




12



1
Reply
Frank

One stop to Manhattan…where there is tons of stuff to do. Duh. Do you really need to have everything the City has to offer right outside your front door?




7



7
Reply
MRLIC

Stop voting the same idiots in, Cuomo, DeBlasio, Van Bramer, All the City Council idiots also etc…maybe then things will change. This project is so out of scale with the neighborhood and will crowd everyone along with all the overkill developments. I hope this and all development goes hungry for buyers.




27



37
Reply
Anonymous

Time to put some republicans in to straighten this out. The city was way better under Bloomberg and Giuliani




29



36
Reply
Kyle

LOL – you think Republicans are going to fix this? They’d have all of Queens looking like LIC. They’re the ones who started us down this path.




29



12
Reply
One tired person

Once again sold out by local politicians. Whatever happened to “for the people and by the people”?




11



3
Reply
Woodside Mom

You’re kidding right? Is it your contention that Bloomberg and Giuliani were anti-development? Ask the people who lived in Brooklyn where Barclay’s and all its associated development are currently…




20



5
Reply
31aveguy

Bloomberg is not and has never been a Republican. Oh, and he’s readying himself to get the support of all you chichi lefties in 2020. Whattaguy!




2



0
Reply
Mushfiqur Rahman

Oh yeah, that’s what we needed, another big ass skyscraper! Trust me I love NYC and the skyscrapers, but seriously, Queens now turning to the next Manhattan kinda scares me. I think we should invest more into affordable housing, but nah let’s focus on the elites of the society. Btw, isn’t the luxury housing market like that found in Manhattan slowing down? Who thought it was a good idea to start this now? What a world we live in…




26



4
Reply
john Rodriguez

I am a life long LIC resident and this area would never live upto NYC living. Most newbies in LIC are fairly new to NYC life and actually dont.get it.




22



2
Reply
Sara Ross

I grew up in LIC and whoever designs these buildings is turning Queens into another tacky looking borough – after Manhattan.




19



3
Reply
Native New Yorker

The average Manhattan condo is $1.3 million. LIC is a relative bargain. Only 1 stop to Midtown and the view of Manhattan is better.




16



6
Reply
Anon

7 train service sucks — you’ll waste $600K in lost wages and time just waiting for the train over 20 years.




10



4
Reply
Bill

Actually the 7 train is consistently ranked either #1 or top 3 subway line in NYC. It has the newest cars, the newest station (hudson yards) and all of the signals are upgraded. They recently announced there are adding 4 more rush hour trips every morning and evening. If you are whining about the 7 train try moving to Rockaway and see how your commute is.




5



2
Reply
31aveguy

Are there really that many idiots out there that are willing to pay so much money to live in a neighborhood that is essentially an industrial ghetto? Apparently, there are. For now. Cue Mr. Powell and the basis point gang.




39



21
Reply
Jose

Have you been to long island city lately?? It’s all condo buildings. Don’t speak without knowing




9



7
Reply
FromLICqueens

I’m really excited about this super tower! I think it’s a great investment opportunity.




19



26
Reply
Anonymous

You’re so right. Unfortunately, there’s no one to stop them. More people to crowd the trains. Good luck to us all.




31



14
Reply
Anonymous

alot of these new buildings have stop work orders on them which many people do not know – also many are not being rented so look out more homeless shelters will be coming.




6



2
Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

Recent News