BY ANGÉLICA ACEVEDO
Newmark Knight Frank
(NKF), a leading commer-cial
real estate advisory
firm, has announced that
the large-scale redevelopment project,
Elms Realty for Urban Yard in Long
Island City, has begun its first phase.
NKF, who will represent the Elms
Realty project, revealed that the first
phase will consist of renovating an
87,000-square-foot office building on
40-09 21st St. The project is set to
create 400,000 square feet of office,
retail space and a parking garage in
five connected buildings surrounding
a large courtyard in LIC.
According to NFK, upon com-pletion,
40-09 21st St. will feature
15,000-square-foot floor plates with
oversized windows on three sides.
Other additions will include a ren-ovated
lobby, tenant amenity center,
large elevators, and outdoor areas with
serene landscaping and seating. The
building will also be equipped with
new mechanical systems, including
tenant-controlled HVAC.
Urban Yard is located near the F, N,
W and 7 lines. It’s also a one-minute
drive from the Queensboro Bridge and
a five-minute drive from the Midtown
Tunnel.
NKF’s Senior Managing Director
Bernard Weitzman and Managing Di-rectors
18 DECEMBER 2019 I LIC COURIER I www.qns.com
Ryan Gessin and Jordan Gosin
will represent ownership.
“We are very excited to represent
Elms Realty for this very significant
redevelopment project,” Weitzman
said. “Once renovated, Urban Yard
and 40-09 21st St., as the first phase
of the project, will become one of the
finest new available office options in
Long Island City. Ownership envisions
making Urban Yard an amenity rich
environment where like-minded com-panies
can acquire talent, collaborate
and thrive.”
Real Estate
Urban Yard
First phase of large-scale redevelopment project
in Long Island City officially begins
Photo courtesy of NFK
Rendering of 40-09 21st St.
redevelopment project by Elms Realty.
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