You are reading

Iconic Queens Plaza factory to be demolished

eagle factory

Jan. 12, 2013 By Bill Parry

A large Queens Plaza property seen by riders of the 7 train on their daily commute is slated to be demolished and replaced by two residential towers.

Property Markets Group, a well known residential real estate development company in New York City, plans to demolish 23-10 Queens Plaza South, the 5-story former Eagle Electric factory building to make way for the construction of two 28 story residential towers with a total of 410 units and retail space on the ground level.

Last month, PMG purchased the Queens Plaza South property and adjoining lot 23-01 42nd Road for $37million.

The deal represented a partnership consortium among PMG, Vector Group and the Hakim Organization with The Kraupner Group as the seller.
Kevin Maloney, the founder and Executive Director of PMG said, “We are pleased to develop much needed, convenient housing for Manhattan Commuters.”

Howard Lorbey, President and CEO of Vector Group said, “We believe this high quality location will prove to be an attractive redevelopment opportunity.”

email the author: [email protected]


Click for Comments 
woodside guy

@ Paul The building in the picture with the “Apex” sign was also an Eagle Electric building could that be the one you were thinking of ?


How anyone can call living next to two squeaky trainlines and 11 lanes of bridge traffic luxury is just so far beyond my imagination, I can’t describe it. I think they are all drunk with the thought of the profits.

Just wait until there is another story with the leader of the community board consoling the residents by saying, “Yes, we will make those railroads be quiet so you can sleep in your luxury apartment. And the cars? They will all have to be turned off and their owners will carry them past your house so you don’t have to breath the exhaust.”

They are all deluded. But obviously I am the one who’s crazy. They’re selling them like snowcones in hell. I just don’t get it.


I couldn’t agree more. We need more of them here to tell us how to live here properly. We just don’t appreciate how hip this place is.


I read somehere else that part of it would be destroyed and a 30 story tower built, but maybe that is another Eagle Electric building.


How many more people will the 7 line handle after the signal work is finished?

I like how it’s for manhattan commuters not Queens Residents


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

“New York’s Funniest Stand-Up” with Matt Koff

Dec. 6, 2023 by Jill Carvajal

The “New York’s Funniest Stand-Up” competition recently celebrated its 15th year as part of the annual New York Comedy Festival both founded by Caroline Hirsch of Caroline’s on Broadway. New York’s Funniest and previous winners have gone on to become some of the biggest names in comedy.

Buy ‘Made in Queens’ this holiday season

Dec. 1, 2023 By Tammy Scileppi

Seems as if the holiday season is coming upon us quicker than ever! And if you’re running out of thoughtful ideas for gifts and stocking stuffers, here are some tempting offerings, courtesy of those innovative Made in Queens (MiQ) folks.