Posted Jan 20, 2014, 5:31 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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http://propertymg.com/portfolio/#queens-plaza
Quote:
PMG acquired the site at the beginning of 2013 and has since been in pre‐development & design in order to begin construction at the start of 2014.
The project consisted of two adjacent sites that upon completion will be developed into the 40‐ story tower and combined with an existing 4‐story structure to house
certain of the parking spaces, ground‐floor retail and two‐floors of loft office space. The site also benefits from being one of the last remaining 421‐A parcels in Long Island City.
The building will include a large amenity package, including a roof‐top pool.
Luxury Rental Apartments in Long Island City, Queens
SF: 330,000
No. Units: 345 Apartment Units Height: 40‐Stories
Status: Construction to Begin January 2014 Architect: SLCE Architects
Project Capitalization: $175 Million Est. Stabilized Value: $258 Million
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