QNE_p065

QC03192015

REAL ESTATE GOT A HOT REAL ESTATE Contact Liam La Guerre Real Estate Editor EMAIL: lguerre@queenscourier.com TWITTER: @liamlaguerre 70-story skyscraper planned for LIC, set to be tallest in Queens BY LIAM LA GUERRE lguerre@queenscourier.com/@liamlaguerre Construction plans for a Long Island City tower that would become Queens’ tallest building were fi led with the Department of Buildings on Wednesday. The skyline-changing structure at 29-37 41st Ave. will have 70 fl oors in 772 feet, according to the fi lings, and will be located near the Queensboro Plaza subway station. Real estate fi rm Property Markets Group is constructing the tower and bought the vacant land last year for about $46.3 million. The fi rm also bought the Long Island City clock tower building adjoining the site for $30 million. There will be 830,000 square feet of space in the building, which will contain 930 apartments. The skyscraper will be a mixed-use structure and have nearly 15,000 square feet of commercial space on the ground fl oor. Amenities, including a pool and a health club, will be part of the building, according to the The Real Deal. SLCE Architects, which is designing a 54-story skyscraper for Rockrose at 43-22 Queens St., is the architect on this project as well. Workspace provider opening fi rst Queens location in LIC BY LIAM LA GUERRE lguerre@queenscourier.com @liamlaguerre Workspace provider Regus has signed a 10-year lease for the Falchi Building, indicating the growing need for offi ce space in the burgeoning neighborhood. The fi rm, which provides work stations, services and support to companies, is leasing more than 34,000 square feet of space at the Long Island City offi ce and retail building at 31-00 47th Ave. Although Regus boasts more than 2,000 locations in 100 countries, its new Long Island City space marks the fi rm’s fi rst in Queens as the company has realized the potential in the market. More and more companies are willing to move to trendy and growing areas like Long Island City, which has thousands of residential units coming to the neighborhood in the coming years. Also, as the population increases, there will be a need for more offi ce space, particularity for creative small businesses and start-up tech companies, according to experts. A variety of other work space providing companies have popped up in Manhattan recently, making more competition for Regus. The entry in Queens also helps Regus expand its footprint. Regus joins the list of recent companies to move into the Falchi Building, including Doughnut Plant and Russian café Stolle. THE COURIER/Photo by Liam La Guerre Photo courtesy of Google Maps STORY IN QUEENS?


QC03192015
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