Proposed Site of Queens’ Once-Tallest Tower Will Be Sold By Developers

Posted On Mon, July 11, 2016 By

Posted On Mon, July 11, 2016 By In Long Island City, New Developments

Just about a year ago, 6sqft revealed renderings for Queens Plaza Park, an 800-unit 70+ story, 915-foot tall skyscraper planned for Long Island City‘s Clock Tower Building site (it would’ve encircled and incorporated the 88-year-old structure). At the time, this proposed height would’ve made it the tallest tower in Queens, as well as the tallest building outside Manhattan. However, it’s now not only lost its superlatives (it’s since been outdone by the 964-foot Court Square City View Tower in LIC and JDS’ 1,066-foot 340 Flatbush Avenue Extension in Downtown Brooklyn), but the project is being scrapped altogether (h/t Curbed).

Stills-29-37_41AVE-QNS

The Real Deal noticed that developers Property Markets Group and the Hakim Organization have listed the one million-square-foot assemblage with a commercial brokerage firm. In early 2014, the developers began to pick up sites at the Clock Tower, eventually totaling $113 million, $46.3 million of which was for the location of the proposed tallest tower. Here, work was expected to finish in 2018 and boast a $363.2 million sellout. It’s not clear why the team is selling, and no pricing details have been made public.

[Via Curbed via TRD]

RELATED:

Previous renderings of Queens Plaza Park via SLCE Architects

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