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Long Island City, Major Developments, New Developments, Queens, Rentals

jackson park, tishman speyer, long island city

Rendering of Jackson Park courtesy of Tishman Speyer

As the Long Island City skyline continues to grow, so does the list of amenities developments are offering residents in the booming Queens neighborhood. New renderings of the massive, three-tower, 1,871-unit rental complex, Jackson Park, reveal extravagant luxuries like two swimming pools, a gaming area, a full-size basketball/volleyball and squash court, and much more, as the New York Post reported. With move-ins expected in January, leasing has officially begun at the Tishman Speyer-complex, with net rents starting at $1,915 per month studios, $2,335 per month one-bedrooms, $3,555 per month for two-bedrooms, $4,745 per month for three-bedrooms and $7,310 per month for four-bedrooms.

Take a peek

affordable housing, Long Island City, Major Developments, Queens

Rendering of Hunters Point South courtesy of Handel Architects

Plans to redevelop Hunters Point South, a project first proposed by former Mayor Michael Bloomberg, is finally making some headway. The city’s Department of Housing Preservation and Development and the Housing Development Corp. on Thursday selected a proposal that will bring a 1,120-unit apartment complex, with 80 percent of them permanently affordable, to the southern tip of the Long Island City neighborhood. According to the Wall Street Journal, the $500 million, two-tower project is being developed by Gotham and RiseBoro Community Partnership Inc.

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Long Island City, Major Developments, Policy, Queens

Rendering courtesy of WXY architecture + urban design

The plastics company, Plaxall, announced on Tuesday a massive rezoning proposal to allow for a mixed-use district in Anable Basin, the area surrounding a 149-year-old inlet located in Long Island City. Since founding the company more than 70 years ago, the Plaxall family has purchased and rehabilitated properties in the neighborhood and currently manages over one million square feet of space. Achieved through rezoning, the proposal calls for 335,000 square feet for industrial uses, 4,955 housing units with 25 percent of them affordable, a 700+ seat public school and a new, elevated promenade. If the rezoning is approved, construction is anticipated to begin in 2020 with a completion date in 2034, but no official timeline has been set.

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affordable housing, housing lotteries, Long Island City

vernon tower, astoria rental, excel development

Rendering of Vernon Tower, via PACS Architecture and Excel Development

On Monday, the lottery opens for 21 affordable units in a new luxury residential building located on the border of the trendy Queens neighborhoods of Astoria and Long Island City. The mixed-use rental at 11-06 31st Drive, called the Vernon Tower despite being just eight-stories, sits directly across from Socrates Sculpture Park and just a few blocks from the Noguchi Museum and waterfront promenade. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units ranging from $867/month studios to $1,123/month two-bedrooms.

Find out if you qualify

Construction Update, Long Island City, New Developments, Rentals

5Pointz, LIC, long island city

Construction progress as of late-October, via CityRealty

The first tower of the controversial rental complex in Long Island City5Pointz, has officially topped out, although not without some roadblocks. Once an art studio and exhibition space, known for its vibrant graffiti-covered warehouse, the complex was whitewashed of its iconic murals in 2013, making way for the new development. Now, four years and several lawsuits later, construction of the development at 22-44 Jackson Avenue continues to chug along, with its first and tallest tower topping out this week. As CityRealty discovered, David Wolkoff’s 1.4 million-square-foot plan calls for a 47-story tower and a 41-story tower, with 1,115 apartments total.

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Long Island City, Major Developments, New Developments, Policy

TF Cornerstone, Hunters Point South, ODA Architects

Updated rendering of parcel c for Hunters Point South, courtesy of ODA Architecture

TF Cornerstone on Thursday filed its first permits for a 1,200-unit apartment building as the second phase of the city’s Hunters Point South redevelopment, a project that first began in 2013. The plan for the waterfront neighborhood in Long Island City, Queens called for a mixed-use, affordable housing development that would hold up to 5,000 units, with 60 percent of them affordable. Selected for phase two of the ambitious project by Mayor Michael Bloomberg’s administration, TF Cornerstone’s original proposal was delayed for four years after local, state and federal authorities forced the developer to rethink its design (h/t Crain’s).

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Brooklyn, Financial District, hudson yards, Long Island City, Policy

Mayor Bill de Blasio and the New York City Economic Development Corporation released their official pitch for Amazon’s second headquarters on Wednesday, one day before the deadline. Boasting the city’s talented tech workforce, the de Blasio administration has pitched Midtown West, Long Island City, the Brooklyn Tech Triangle (DUMBO, Downtown Brooklyn and the Navy Yard), and Lower Manhattan as the four best spots for Amazon to call home. The tech giant’s nationwide competition, announced in September, set out to find their next headquarters, called HQ2. The company promises the headquarters will bring 50,000 new jobs and $5 billion in initial city investment.

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Design, Long Island City, Queens, real estate trends

newtown creek, amazon, long island city

Rendering of the Hunters Point South project, courtesy of NYCEDC

An eight-acre, 1.6 million-square-foot residential site next to Hunters Point South is for sale, a piece of land owned by a family for generations. According to the New York Post, the site could potentially bring in $480 million if targeted to market-rate condominiums since land in Long Island City sells for roughly $300 per square foot. The triangle-shaped plot of land found at 55-01 Second Street and bounded by 54th Avenue and Vernon Boulevard, sits on Newtown Creek, an estuary that forms part of the border between Brooklyn and Queens. The site might make the perfect spot for Amazon’s second headquarters as the tech giant seeks 500,000 square feet for their HQ2 by 2019.

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affordable housing, housing lotteries, Long Island City

The Hayden, affordable housing, Long Island City rentals,

Rendering of the Hayden, courtesy of Rockrose Development

The second batch of affordable apartments is now available at the Hayden, a 50-story, 924-unit highrise in the blossoming neighborhood of Long Island City in Queens. Designed by SCLE Architects, the building at 43-25 Hunter Street features amenities like a fitness center, yoga room, basketball court, rooftop solarium, screening room, library and more. Qualifying New Yorkers earning between $34,355 and $57,240 can apply for $947 per month studios, $1,017 per month one-bedrooms and the $1,230 per month two-bedrooms.

Find out if you qualify

Long Island City, New Developments, Rentals

TF Cornerstone, LIC development

Rendering courtesy of TF Cornerstone

The waterfront Queens neighborhood of Long Island City has gone from a sleepy, factory town to boasting the country’s largest number of new rental apartments. Now, to preserve some of LIC’s industrial backbone, a new development proposal from TF Cornerstone calls for a massive $925 million mixed-use complex, which will include 1,000 rental apartments and 100,000 square feet of light manufacturing space. As the New York Times reported, the project comes at the city’s request in 2016 for mixed-use project proposals with a focus on commercial and industrial space.

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