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LIC122014

■REAL ESTATE BY LIAM LA GUERRE lguerre@queenscourier.com I @LiamLaGuerre Seven-story residential building The Marx coming to Astoria An early rendering of a new seven-story residential building called The Marx, which is planned for Astoria, was revealed on Nov. 20. The new structure at 34-32 35th St. will replace two small houses and a parking lot, according to real estate website 6sqft. The building will have 33 units throughout nearly 30,000 square feet, according to filings with the Buildings Department. Fogarty Finger is designing the project, which will also have 18 parking spaces. In addition, the Manhattan-based architecture firm is working on an 11-story condominium building in Long Island City for Charney Construction & Development. Also in Astoria, developer New York Lions Group is working on an eight-story, 77-unit condominium called The Baron, at 14-07 Broadway. Photo courtesy of Fogarty Finger { Those looking to preserve the Long LIC Clock Tower and vacant site sell for $77M Island City Clock Tower may be running out of time. Queens Plaza Park Development LLC bought the tower, which was the former Bank of Manhattan building, and an adjoining vacant site for a combined $77 million, according to property records filed with the city on Nov. 22. Community members are hoping to landmark the building on 29-27 Queens Plaza North to avoid its development, according to recently published reports, after LIC Clock Tower LLC bought the tower in May for $15 million, city records show. In just a few months, the price of the tower doubled and sold for $30.9 million. The buyer also purchased the vacant land at 29-37 41st Ave. for $46.3 million. The vacant site has more than 205,000 buildable square feet. Queens-based developer Steve Cheung purchased the vacant site for $8 million in 2011, city records show, and last year he filed with the Department of Buildings for a 30-story residential tower with 242 units at the vacant site. Plans for the Clock Tower site have yet to be filed with the Buildings Department. Photo courtesy of Scott Bintner/PropertyShark { { Construction work has already begun New mixed-use LIC building at Vernon Boulevard partially revealed for a new mixed-use building at the corner of 50th Avenue and Vernon Boulevard in Long Island City, but now there’s a slightly clearer picture of what the structure will look like. Blueprints of the forthcoming building at 49-18 Vernon Blvd. have been posted on the construction fence. Based on its blueprints, the OAPD Architecture-designed building’s façade will be comprised of a glass and stone design, and there will be ground-floor retail at the property. The new building will be a five-story, 15-unit residential structure, according to filings with the Department of Buildings. About 4,450 square feet has been set aside for the retail component in the building. Got a hot real estate story in Queens? Contact Liam La Guerre I Real Estate Editor lguerre@queenscourier.com @liamlaguerre


LIC122014
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