Real Estate
24-story, mixed-use building
planned for Long Island City
BY ANGELA MATUA
A 24-story building will rise in Long
Island City, replacing a two-story struc-ture
that included a coffee shop.
The building at 41-05 29th St. will
include 66,934 square feet of residential
space and 84 apartments. The ground
floor will feature 2,050 square feet of
commercial space, according to permits
filed with the Department of Buildings.
Amenities will include a fitness center,
library, a children’s lounge and storage
for 41 bicycles, YIMBY first reported.
There will be no parking. The building
is located on a triangular lot right across
the street from Newcomers High School.
SB Development Group purchased
the property for $15.5 million last No-vember,
according to The Real Deal.
Fogerty Finger Architecture is respon-sible
for the design.
“It took some time to assemble the
various parcels and development rights
necessary to build something substan-tial,”
SB Development co-founder Jo-seph
Stern told The Real Deal. “The
irregular, triangular shaped lot has its
challenges, but the opportunity to build
something different and unique for the
neighborhood is what we envisioned
with our architect.”
In a report released by the Long Is-land
City Partnership on April 12, the
development corporation found that
more than 10,200 residential units are
currently under construction or proposed
beyond 2020.
The building is located near the
Queens Plaza section of Long Island
City and around the block from where
Queens Plaza Park, a 70-story tower
developed by Durst Organization, is
slated to be constructed.
Photo via dmitry-druzhinsky.com
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