Back in 2015, Property Markets Group and the Hakim Organization announced plans to erect the tallest tower outside of Manhattan in Long Island City at 29-37 41st Avenue. The residential building, then dubbed Queens Plaza Park, would rise 914 feet atop a Queens Plaza site and boast high-end condos and a projected $363.2 million sellout. However, in July 2016, the developers abandoned those plans, putting the site up for sale for an undisclosed amount. Now, as the Times reports, the Durst Organization has scooped up the site for $173.5 million and is considering going forward with the massive construction, but as a rental tower with more than 1 million square feet.
29-37 41st Avenue
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).
Watch out Hudson Yards, Midtown is moving east to Queens. The glassy ghetto formerly known as Long Island City is sprouting a small city worth of skyscrapers, ushering in thousands of new residents, hundreds of hotel rooms, and a few hundred thousand square feet of office space. To help us visualize the neighborhood’s upcoming transformation, the dynamos at Rockrose Development commissioned visualization experts Zum-3d to produce this exceptionally accurate depiction of the changes afoot. Inspired by the rendering, 6sqft has put together a rundown of the nearly 30 under-construction and proposed projects for the ‘hood.
Here’s a closer look at Property Markets Group and the Hakim Organization’s upcoming Long Island City skyscraper dubbed Queens Plaza Park. Slated to soar 70 stories-plus into Queens Plaza’s burgeoning skyline, the 915-foot tall building will contain a whopping 800 units, and will be, by far, the largest and tallest residential building outside of Manhattan.
Positioned at the forefront of transit-accessible Queens Plaza, the project will encircle and incorporate the 88-year old Manhattan Bank Building (affectionately dubbed “the clock tower”). The joint-venture acquired the building for $31 million last November, which itself was once the tallest building on Long Island, and is now calendared to be designated an official city landmark.