Real Estate BY ANGELA MATUA Yet another fancy tower with rooftop terrace and pool will grow in Queens Plaza A development site at 24-16 Queens Plaza South in Long Island City was just purchased for $23 million by Greystone Development. The New York-based development firm plans to erect a 23-story tower to “enhance the Long Island City skyline,” according to a press release. The building will house 117 residential units in a 105,000-square-foot space and will have 3,600 square feet of ground floor retail space. “Long Island City is a burgeoning market,” said Jeffrey Simpson, head of Greystone Development. “People want to call this area home because of its proximity to culture and commerce as well as to transportation. This residential property is being developed for those who value both form and function.” The company has tapped architecture firm Woods Bagot to “create spaces that celebrate architectural details inside and outside of the home,” Simpson said in a statement. The amenities will include an outdoor pool, roof terrace, fitness center, multiple private dining and entertaining spaces including a lounge and screening area, game room and co-working space. In a joint venture, Santander Bank is providing $39 million for construction financing. Mike Lee, managing director of commercial real estate banking at Santander Bank, said the project will “further enhance the residential landscape in this vibrant neighborhood.” “With its close proximity to Manhattan and amenities like restaurants, shops and art galleries, Long Island City is becoming an attractive option for those who want the convenience of city living, but desire more living space,” he said in a statement. According to a spokesperson for Greystone Development, the conversion process has already begun. coworking space WeWork, Museum of the Moving Image and Kaufman Astoria Studios. Aaron S. Fishbein and Daniel D. De- Pasquale of Winick Realty Group are in charge of marketing the space. SPACE INVADERS High-end gourmet markets and restaurants in talks to lease space on Astoria’s Steinway Street Steinway Street in Astoria will welcome new high-end retail neighbors with the addition of a 100,000-square-foot development site. Located at 34-30 Steinway St., the site includes four floors of retail space, with each floor measuring about 30,000 square feet each. Parking will also be included. A spokesperson for Winick Realty Group, the leasing firm responsible for marketing, said the company is in talks with national big box retailers to move in. “All we can say is that we are in talks with the best-in-class gourmet markets, entertainment and restaurants, and home improvement stores,” Michelle Loeb, director of public relations for Winick Realty Group, said. The site is expected to be complete by 2018 and may be purchased by several tenants or one if they require the entire 100,000 square feet of space. Surrounding the site are the newly opened
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