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NEW YORK | 28 on 28th (42-12 28th Street) | 647 FT | 58 FLOORS

Another tall tower proposed in Queens according to DOB records. This one will rise 596 feet. No renders yet, but this will really add to the Court Square skyline.

The building is proposed to replace the red brick building in the foreground:

http://farm4.staticflickr.com/3668/1...7dcdbd6f_b.jpg
via Google Maps

600' will really stand out. A growing Queens is great.

Awesome, congrats to Queens!

http://www.law360.com/articles/47757...ns-development

World-Wide Gets $110M Financing For Queens Development

By Kaitlin Ugolik
October 04, 2013

Quote:

German commercial bank Landesbank Hessen-Thuringen Girozentrale has provided $110 million in construction financing to World-Wide Group for a residential project in Long Island City, N.Y., the developer's attorneys announced Wednesday.

The project, at 41-42 24th St., between 41st Avenue and 42nd Road, will be a high-rise building with 421 residential units, about 8,700 square feet of retail space and a parking garage, according to Hunton & Williams LLP, which is representing the developer. The financing closed on Sept. 25, according to the firm.

“We are proud to represent our long-standing client, World-Wide, in this development project in Long Island City,” real estate partner Laurie Grasso said in a statement. “Our client seized upon this great opportunity ... by buying the site last year, which was a stalled project by a previous developer, and waiting for the right time to develop [it].”

World-Wide bought the site for about $29 million last year, according to property records. The project is the company's first outside of Manhattan in about 10 years, and the firm is reportedly expected to spend about $157 million on the development.

Construction has already begun on the site, according to Grasso.

It's one of several major residential projects being planned for the quickly-growing Queens neighborhood. SMA Equities is working on a 12-story project about a block away from the World-Wide site, according to an application filed with the city on Oct. 2, and the 5Pointz graffiti mecca in the neighborhood will soon be turned into condominiums.

The New York City Planning Commission approved the 5Pointz proposal in August, including a zoning variance that will allow the developers to build the towers higher than typically would be allowed — one at 47 stories and one at 41 stories. The project is expected to have about 1,000 rental apartments, 30,000 square feet of outdoor public space and 50,000 square feet of retail space, according to the Wolkoff family, which plans to tear down the epically decorated 5Pointz building.

Rockrose Development Corp., which has been developing in Long Island City for decades, recently completed a 708-unit building in the neighborhood and has said it is planning a 975-unit tower on Hunter Street and a 700-unit project on Queens Street as well.

All of these projects come at a time when the average asking rent for an apartment at a new development in Long Island City is almost reaching Manhattan levels. According to residential real estate analysis firm Marketing Directors, the average asking rent for a studio in the neighborhood reached $2,294 in August; the average on Manhattan's West Side was $2,356 during the same period.

^ Looks like that's for another development, Queens is getting so many these days.

Marked this site for clarity, now we need a rendering...

http://www.pbase.com/nyguy/image/152809557/original.jpg

http://www.pbase.com/nyguy/image/152809558/original.jpg

http://www.pbase.com/nyguy/image/152809596/original.jpg

A listing of Queens largest residential developments. I don't see this one listed...

http://www.pbase.com/nyguy/image/152820086/original.jpg

http://therealdeal.com/issues_articl...ad-for-queens/

Queens is getting 60 big residential projects

October 01, 2013
By Katherine Clarke

Quote:

.....Developers are increasingly drawn to Queens — and especially Long Island City — because large development sites are still available there. Plus, home prices are rising as new restaurants and stores appear, said Mitchell Hochberg, president of Lightstone, which is currently leasing its 12-story, 199-unit Gantry Park Landing project in Long Island City.

“Long Island City in particular has matured to a point where it has both the infrastructure and the scale to be a real neighborhood that people want to live in,” Hochberg said. “Add in the easy commute [to Midtown] and the affordability factor, and you have a very exciting alternative to Manhattan.”

.....The availability of sizable development sites zoned for large-scale development is key to the increased construction activity. In established Manhattan and Brooklyn neighborhoods, there are few large development sites left, industry experts said.

“If you want to build a 300-unit building, it’s tough to do that in a place like Williamsburg today,” said Josh Zegen, a co-founder of the commercial real estate investment firm Madison Realty Capital, which has financed several new developments in Queens in recent months. “In Long Island City, you can do that because you don’t have the same height restrictions.”

Lightstone’s Hochberg said Queens offered his firm the chance to make just one large acquisition rather than assembling a site, which can take years in Manhattan and trendy areas of Brooklyn. And because the sites are larger, he said, construction in Queens is also easier.

There's a giant twin-towered development on Vernon Boulevard in Astoria that's going up soon too.

I'm not sure if it's been mentioned in the press, but it's two towers facing Roosevelt Island and the Upper East Side.

Quote:

Originally Posted by Crawford (Post 6299770)

There's one listed on the chart above. It's probably the same development (below), and can go in a separate thread.

Alma Towers (34-46 Vernon Boulevard )

http://queens.brownstoner.com/tag/34...non-boulevard/

http://queens.brownstoner.com/wp-con...-RENDERING.jpg

http://queens.brownstoner.com/wp-con...ing-100213.jpg

http://www.raymondchanarchitect.com/...e=12&sortid=18

http://www.raymondchanarchitect.com/...non%20Blvd.jpg

A + 400,000 S.F. 23-story residential development on an 86,000 S.F. Lot fronting East River and with direct view of Manhattan skyline. This project requires a zoning change from R5 to R7, and creation of landscaped public walkway along a riverfront promenade for future connection to an existing nearby city park.

http://www.raymondchanarchitect.com/...esidenial7.jpg

http://www.raymondchanarchitect.com/...6185122456.jpg

http://therealdeal.com/blog/2013/10/...-queens-plaza/

Heatherwood to build 477-unit tower in Queens Plaza

http://s11.therealdeal.com/trd/up/20...plazaFINAL.jpg

October 15, 2013

Quote:

A new 58-story residential tower is set to sprout in Long Island City. Developed by Heatherwood Communities and designed by Goldstein, Hill and West, the 477-unit, 596-foot-high property will put down roots at 42nd Road and Queens Plaza South.

Amenities will include a third-floor pool, gym, roof terraces on the 45th and 58th floors, bike storage, and parking, according to the plan exam cited by BuzzBuzzHome. Retail will be located on the ground floor.

Heatherwood has been active in Long Island City’s ever-growing residential building scene for years now, having fully leased its property at 27-03 42nd Road in August. The firm purchased four residential development sites in the Queens Plaza area in 2011, part of a push by Rockrose Development, Meadow Properties and Heatherwood to open between 2,000 and 3,000 new apartment units for the area in three years

http://news.buzzbuzzhome.com/2013/10...th-street.html

New LIC high-rise headed for 42-12 28th Street near Queens Plaza

http://news.buzzbuzzhome.com/wp-cont...8th-Street.png

October 15, 2013

Quote:

A big ole’ 58-story residential building is planned to rise at 42-12 28th Street near Queens Plaza.

Located between 42nd Road and Queens Plaza South, the 477-unit development will be designed by Goldstein, Hill and West. The developer is Heatherwood Communities.

http://therealdeal.com/blog/2014/03/...est-in-queens/

Heatherwood’s residential tower to be tallest in Queens
Queens Plaza tower bulkhead brings height to 646 feet tall

March 24, 2014

Quote:

A new development in Long Island City is slated to become the tallest residential tower in Queens, according to plans filed with the Department of Buildings.

Although the permit for development firm Heatherwood Communities’ apartment building at 42-12 28th Street in Queens Plaza indicate it will stand 596 feet tall. Zoning diagrams reveal the added bulkhead will bring its height to just over 646 feet high.

http://a810-bisweb.nyc.gov/bisweb/BS...de=SC440638309

http://www.pbase.com/nyguy/image/154955464/large.jpg

http://www.pbase.com/nyguy/image/154955464/original.jpg

http://www.pbase.com/nyguy/image/154955465/original.jpg

http://www.pbase.com/nyguy/image/154955466/original.jpg

Considering the Citigroup Building is 673 feet, this is great. The 2nd tallest. Seems the height in the outer boroughs just keeps reaching higher and higher. Brooklyn is getting a new tallest, and Queens is will probably continue that trend.

Quote:

Originally Posted by NYguy (Post 6508962)

http://therealdeal.com/blog/2014/03/...est-in-queens/

seriously? :rolleyes:

New York YIMBY has the photos :):

Construction Update: 42-12 28th Street
BY: NIKOLAI FEDAK ON MARCH 24TH 2014 AT 6:00 AM

Quote:

Excavation is now underway at 42-12 28th Street in Long Island City, which will soon become the tallest residential building in Queens. The project’s architect is Goldstein, Hill & West, and the site’s developer is Heatherwood.
...

http://www.yimbynews.com/wp-content/...th-street4.jpg
42-12 28th Street, image by Matthew Weiler

http://www.yimbynews.com/wp-content/...th-street1.jpg
42-12 28th Street, viewed from 28th Street, image by Matthew Weiler

http://www.yimbynews.com/wp-content/...th-street3.jpg
42-12 28th Street, image by Matthew Weiler

I love that this area is becoming more dense, more of a legit skyline for Queens.

Now I want to see renderings. The massing ironically looks similar to this draft of a skyscraper drawn up for the area (not an actual development)...

http://archinect.com/people/project/...tower/47770044

http://cdn.archinect.net/images/1200...7kp3md4x0d.jpg

Nice. I always pass by this site on the N/Q but always forget to check it out...have they begun excavation work yet?

Quote:

Originally Posted by tubeworm (Post 6527567)

Not too bad. I'm sure the actual renderings will look better, but its suitable for the area.

Quote:

Originally Posted by NYguy (Post 6510258)

Where did those images come from? They do seem very similar to the renderings.

Nice! Good to see the outer boroughs and JC building tall buildings.

New York YIMBY:

Revealed: 42-12 28th Street
BY: NIKOLAI FEDAK ON APRIL 7TH 2014 AT 7:00 AM

http://www.yimbynews.com/wp-content/...t-overview.jpg

http://www.yimbynews.com/wp-content/...treet-site.jpg
Excavation beginning