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  #1  
Old Posted Jan 9, 2013, 7:25 PM
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Smile NEW YORK | 43-22 Queens Street | 580 FT | 54 FLOORS

Another highrise development built over an old factory...


http://www.rew-online.com/2013/01/09...-for-lic-site/

Luxury planned for LIC site




By REW Staff
January 9, 2013

Quote:

Rockrose Development Corp. has purchased the former Eagle Electric factory and office building in Long Island City, Queens, and has plans to renovate the existing structure and erect a 700-unit high-rise luxury residential rental tower above it.

The six-story property, located at 43-22 through 43-46 Queens Street, occupies a half-block bounded by Queens and Dutch Kills Streets. In the summer of 2001, New York City rezoned the property to permit residential, commercial or retail use. The property comprises 520,000 buildable square feet.

Justin Elghanayan, Rockrose president, said, “Preserving Long Island City’s rich history — and that of the building itself — is a priority, while we simultaneously add fabulous housing stock to the community.”

Elghanayan said the company will follow preservationist concepts with the development of the Eagle Electric building.



http://therealdeal.com/blog/2013/01/...-tower-in-lic/

Quote:
Rockrose plans to demolish a portion of the six-story building, located between Queens and Dutch Kills streets, and the Sunnyside rail yards. On the existing building’s current footprint, Rockrose also plans to construct a modern tower of up to 30 stories using the 200,000 square feet of additional air rights.

For tax reasons, more than 50 percent of the project, which has development rights of 520,000 square feet, needs to be new construction, Justin Elghanayan, Rockrose’s president, said. “There are a lot of interesting architectural possibilities of combining the old with the new, which is very much in the spirit of Long Island City,” Elghanayan said. He added, “It is very rare to have a rental loft building,” because most are converted to condominiums.
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Last edited by NYguy; Jan 9, 2013 at 8:21 PM.
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  #2  
Old Posted Jan 9, 2013, 7:42 PM
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The site....










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  #3  
Old Posted Jan 29, 2013, 8:31 PM
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http://www.crainsnewyork.com/article...TATE/130129891

Eagle Electric site to sprout 40-story apt. tower
Purchase of site for $37 million is part of a shift away from the increasingly built-up Long Island City, Queens, waterfront toward Queens Plaza.



By Matt Chaban
January 29, 2013

Quote:
The two-story, neon Eagle Electric sign, a long-time landmark in Long Island City, that was replaced by a regular billboard over a decade ago, is slated to get a high-profile successor—a 40-story, 400-plus-unit rental tower.

Early this month a consortium of Property Markets Group, the Hakim Organization and Vector Group paid $37 million for 23-10 Queens Plaza South, a prewar Art Deco-style loft building that was once home to Eagle Electric's production facilities, and a neighboring building at 23-01 42nd Road. The plan is to demolish the latter building and, with the considerable air rights afforded by the adjacent factory, construct a brand new apartment tower.

According to research by Douglas Elliman, there are only six new waterfront developments in the works with a few hundred apartments split between them. Around Queens Plaza, as many as 15 different projects are coming online in the next two to three years with upwards of 1,500 units. Among the new developments are a 700-unit Rockrose project at 43-22 Queens St., on another Eagle Electric property, and almost directly across the subway tracks, Worldwide Group is planning its own 40-story, 416-unit tower.
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Old Posted Feb 28, 2013, 5:56 PM
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  #5  
Old Posted Apr 23, 2013, 8:23 PM
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Another potential tower nearby...


http://therealdeal.com/blog/2013/04/...Estate+News%29

LIC development site to hit auction block with $39M lien
Site could support 214,792-square-foot residential project






April 22, 2013
By Katherine Clarke

Quote:

A development site in the Court Square area of Long Island City is slated to hit the foreclosure auction block May 17 with an outstanding lien of $38.54 million.

The residential development site, at 44-30 Purves Street, was formerly controlled by developer and landlord Baruch Singer and investor David Weiss, who financed a residential project at the site in 2006 with a $13 million mortgage-backed loan from G3-Purves Street LLC, an entity which appears to be linked to Goldman Sachs.

With 214,792 buildable square feet, the lot is a perfect spot for a rental development of between 200 and 250 units, said Justin Elghanayan, president of Rockrose Development, which is developing rental towers en masse in the neighborhood but has no affiliation with the Purves Street site. The street “has a nice rhythm to it,” he said, referencing the adjacent SculptureCenter, which has invigorated the neighborhood.

The area is quickly becoming a hotbed for the development of new rental towers. Rockrose currently has $1 billion invested in the Court Square area, where it is building a 700-unit rental tower called the Linc LIC and has plans for another 700-unit rental building at the former Electric Eagle building at 43-22 Queens Street and a 945-unit rental building at 43-25 Hunter Street. Heatherwood Communities is also building a 142-unit rental building at 27th Street and 42nd Road, while the Wolkoff family has plans to build a residential development at 5 Pointz, the Aerosol Art Center in the neighborhood.
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  #6  
Old Posted Jul 8, 2014, 10:45 AM
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Smile NEW YORK | 43-22 Queens Street | 580 FT | 54 FLOORS

Permits Filed: 43-22 Queens Street



Quote:
The first permits are up for another major residential development in Long Island City at 43-22 Queens Street, in Court Square, which is the site of the former Eagle Electric building. Rockrose is developing, and SLCE is the architect of record.

DOB filings indicate the tower will stand 54 stories and 580 feet tall, making it the second-tallest residential bu477 square feet of ground-floor retail; the remainder will be split between 783 apartments.ilding in Queens. The scope will total 623,337 square feet, including 34,477 square feet of ground-floor retail; the remainder will be split between 783 apartments.

Curbed recently covered the history of the existing warehouse in a photo-essay, which also included details regarding the new tower. Per Rockrose head Justin Elghanayan, 80% of the warehouse will be preserved, with the adjacent skyscraper part of a larger 2,500-unit development.

43-22 Queens Street represents another positive step in the evolution of Court Square, which is rapidly transitioning into a high-density node; the number of residential projects continues to boom, and several large high-rises will soon begin construction. Rockrose is also developing 43-25 Hunter Street — revealed by YIMBY last week — which will add another 50-story building to the Long Island City skyline.

Heatherwood’s 42-12 28th Street remains the primary contender for the title of Queens’ tallest residential tower, and that project will rise 58 stories and 646 feet. If 43-22 Queens Street has any sort of architectural flourishes above its top floor, it could potentially vie for the title, though that would seem unlikely given that new high-rises in Court Square typically lack crowns or rooftop embellishments.

Quote:
13 Building Characteristics

Primary structural system: Masonry Concrete (CIP) Concrete (Precast) Wood
Steel (Structural) Steel (Cold-Formed) Steel (Encased in Concrete)

Proposed
Structural Occupancy Category: II - OTHER THAN I, III OR IV
Seismic Design Category: CATEGORY C
2008 Code Designations?
Occupancy Classification: R-2 - RESIDENTIAL: APARTMENT HOUSES Yes No
Construction Classification: I-B: 2 HOUR PROTECTED - NON-COMBUST Yes No
Multiple Dwelling Classification: HAEA
Building Height (ft.): 580
Building Stories: 54
Dwelling Units: 783

Mixed use building? Yes No
================================
http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01
http://newyorkyimby.com/2014/07/perm...ns-street.html
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  #7  
Old Posted Jul 8, 2014, 11:01 AM
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With not too much of a stretch, this could hit 600 ft.
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  #8  
Old Posted Jul 8, 2014, 12:53 PM
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Damn my neighborhood is growing!!
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  #9  
Old Posted Jan 16, 2015, 3:25 PM
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http://www.wsj.com/articles/setting-...ity-1421374499

Setting Sights on More High-Rises in Long Island City
City Hall Looks at Zoning Change, but Some Residents, Community Leaders Are Wary






By LAURA KUSISTO
Jan. 15, 2015


Quote:
It may be hard to believe given the amount of construction in recent years, but more cranes could be on their way to Long Island City.

City Hall is targeting the Queens neighborhood along the East River and just north of the Long Island Expressway for a possible rezoning that would promote the construction around Queens Plaza of more high-rise apartment buildings, including ones with lower rents.

In 2001, the city rezoned 34 blocks of Long Island City between Queens Plaza and Court Square to spur residential high-rises while looking to maintain a mix of manufacturing and commercial space.

Since 2006, more than 8,000 units have been built in the neighborhood, and nearly 20,000 are under construction, according to the Long Island City Partnership, a nonprofit local development corporation.

But in the eyes of some residents and community leaders, the changes have created an enclave of shiny towers that looks more native to Miami than New York City.

Median rents in northwestern Queens rose 5.9% to more than $2,800 a month in the past year alone, according to a report released Thursday by Miller Samuel Inc. and Douglas Elliman Real Estate.

“At the beginning people really wanted to see development, but that’s going back 25 or 30 years. But now that development is exploding that’s a different story. I think we really need to step back,” said Lisa Deller, chairwoman of the local Community Board 2 land-use committee.

The community board asked the planning department to study adding more density to the neighborhood, with the understanding that the department would also review issues such as schools and transportation.

The Department of City Planning is starting a study of an approximately 100-block area that includes the Queens Plaza and Court Square neighborhoods as well as adjacent sections of Jackson Avenue, Northern Boulevard, and Queens Plaza.


John Young, director of the Queens office of the city planning department, said that in addition to promoting housing for people with a range of incomes, it would look “to support the mixed-use character of the area and create opportunities for new businesses and jobs to grow here, especially those in the creative arts and tech industry sectors.”

Long Island City is one of 15 neighborhoods that New York City is looking to rezone, in part to require that additional affordable apartments be built.

The plans to encourage more high-rise development have the support of City Council Majority Leader Jimmy Van Bramer, who represents the area. Mr. Van Bramer said he also wanted to ensure that development is accompanied by improvements to schools, transportation, space for technology companies and affordable housing for artists.


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  #10  
Old Posted Jan 16, 2015, 4:01 PM
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Hoping the rezoning allows for considerable commercial development. There's no reason this area should not be a decent sized business hub, only one stop from GCT.
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  #11  
Old Posted Jan 16, 2015, 4:05 PM
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Quote:
Originally Posted by yankeesfan1000 View Post
Hoping the rezoning allows for considerable commercial development. There's no reason this area should not be a decent sized business hub, only one stop from GCT.
The 7 train is the reason.

I'd love to see that as well, but without considerable upgrades to the 7 (and transit in general), NYC will start to hit a wall WRT to new development because existing infrastructure cannot handle it.

If you think about it, this is a prime location because Queensboro plaza has both the 7 and N/Q/R lines running through it, plus the E-train, but all of them are packed to the brim at rush hour. Something needs to change.
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Old Posted Jan 16, 2015, 5:26 PM
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I agree with your general point, and I have some coworkers who live in LIC who say the same thing, that the 7 train is packed during rush hour, but I imagine that's only the case going into Manhattan, and the trains going from Manhattan into Queens are probably relatively empty during rush hour once you get out of Manhattan. Someone correct me if I'm wrong.

Short term, rentals is the way to go, but long term, a neighborhood like this, this close to GCT, should at the very least have a significant commercial component.
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  #13  
Old Posted Jan 16, 2015, 7:12 PM
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Originally Posted by yankeesfan1000 View Post
Hoping the rezoning allows for considerable commercial development. There's no reason this area should not be a decent sized business hub, only one stop from GCT.

Same as with downtown Brooklyn, that was the plan.

Things just have a way of going where the market is.

http://www.nyc.gov/html/dcp/html/lic/lic1.shtml
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Old Posted Jan 16, 2015, 11:30 PM
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The amount of high rises up going outside of Manhattan is stunning. A bulk of the projects since I've been keeping track are actually in Queens. High and mid rises. Zoning like this will provide a good escape from the prices of Manhattan. What will be interesting is the trend in commuting, and how the system will handle "X' amount of new residents/visitors/workers. From a skyline perspective, it will only elongate the mass that is Midtown East. Think of LIC as an infant that will sprout the next skyscraper mass of NYC. Likewise for Brooklyn. Its starting to feel more interconnected to Lower Manhattan. Even though these two are separated by the East River, from certain angles and distances, you would think that they are a giant cluster.
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Old Posted Feb 20, 2015, 4:20 AM
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http://liccourtsquare.com/2015/02/03...me-eagle-loft/

Pipe scaffolding completely surrounds 43-22 Queens Street



February 3, 2015
by CtSqLIC


Quote:
We last checked in on 43-22 Queens Street, the future home of Rockrose’s Eagle Loft, back in November when crews were initially putting up pipe scaffolding on the building.1 Since then, crews have completely surrounded the building with scaffolding, and have installed heavy scaffolding per an amendment dated Dec. 22 in the DOB permits.

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Old Posted Mar 12, 2015, 3:17 AM
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Revealed: 43-22 Queens Street, 54-Story Eagle Electric Conversion and Expansion in Long Island City





Quote:
Rockrose is developing the site, and DOB filings indicate the total scope will measure 623,337 square feet, the vast bulk of which will be dedicated to 783 apartments. The 34,477 square-foot remainder will be allocated to ground-floor retail space. Given the average unit size of approximately 750 square feet, and PTACs present in the renderings, rentals seem very likely.

The rendering depicts the first phase of a much larger 2,500-unit development that will result in several additional towers, though 80% of the existing warehouse will be preserved. The old structure remains in renderings, and appears nearly intact; the only changes greatly improve its function, as it appears to be topped by a rooftop addition as well as a significant amount of green space.

As for the actual tower, it will be glassy and enormous, sharing the aesthetic of Rockrose’s other major project currently in the works, at 43-25 Hunter Street. The facade also looks to feature raw concrete, though the lot-line wall absent of windows signals an adjacent building is also in the pipeline.

Long Island City’s forest of skyscrapers is just beginning to sprout, and 43-22 Queens Street’s appearance in the renderings will be dated well before it is finished, given all the new towers in the pipeline. The site is located at the heart of Court Square, and it will soon be surrounded by neighboring buildings in the 50-story range.

With a roof height of 580 feet, 43-22 Queens Street will rank as the third-tallest residential building in Long Island City, after news broke earlier that 29-37 41st Avenue would stand 70 stories and 772 feet tall. That tower will overtake Heatherwood’s 646-foot tall 42-12 28th Street, which is already under construction.
==============================
http://newyorkyimby.com/2015/03/reve...land-city.html
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  #17  
Old Posted Mar 12, 2015, 7:54 AM
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Originally Posted by chris08876 View Post
Revealed: 43-22 Queens Street, 54-Story Eagle Electric Conversion and Expansion in Long Island City

With a roof height of 580 feet, 43-22 Queens Street will rank as the third-tallest residential building in Long Island City, after news broke earlier that 29-37 41st Avenue
would stand 70 stories and 772 feet tall. That tower will overtake Heatherwood’s 646-foot tall 42-12 28th Street, which is already under construction.


Don't forget one of Tishman's nearby towers would be slightly taller, putting this one at 4th (5th overall)...
http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01


As far as the design goes, I guess it's to be expected. But the renders could be livelier, as we'll likely get more.

A look at some of the other height adjustments in the area...


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  #18  
Old Posted Mar 27, 2015, 3:17 PM
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