April 3, 2018 By Nathaly Pesantez
Demolition permits have been filed for a two-story office building in an industrial section of Long Island City, paving the way for a new nine-story building to rise at the site.
The building at 25-11 49th Ave, blocks from the Hunters Point Avenue station, will see a 237,000 square foot commercial building, according to Normandy Realty, the owners of the site.
The new building will be called “Gantry Point”, and features an offset design where the bulk of the stories are stacked on one side of the project. The development will also see a loft-style floor to ceiling windows, several outdoor terraces, and exposed concrete ceilings.
The building is expected to be completed in July 2019, with demolition starting next month, according to a spokesperson for Normandy Realty.
“Gantry Point sits in the heart of the ‘Factory District,’ the center of an emerging creative office location for tenants seeking industrial character and convenient amenities with immediate access to transit serving both midtown Manhattan and the Long Island suburbs,” reads part of the project’s online page.
The Normandy Realty spokesperson said the building has no tenants lined up yet, but the company is expecting interest from businesses in fields like fashion, media, technology, and even biotechnology. The new building can either accommodate one large tenant, or two to three tenants and several small businesses.
Records show Normandy Realty purchased the property for $35.7 million in February. The prior owner was Howard Weinstein, who also owns Candid Litho, a printing and graphic arts company. The company held its corporate facility within the two-story building, but has since relocated to Farmingdale, according to a LinkedIn post by the group.
The real estate company is also working on transforming the industrial building at 43-10 23rd St. in Court Square into a loft-style, creative office building, the company announced in May.