Developer plans 63-story Queens, NY mixed-use development
- A New York developer has filed plans with the New York City Department of Buildings for a 1.1-million-square-foot mixed-use apartment rental tower in Long Island City, Queens, according to The Real Deal.
- The Durst Organization has proposed a 786,355-square-foot, 63-story high-rise with 763 rental units and slightly more than 8,700 square feet of commercial space.
- The project, if completed, will have one of the highest unit counts of any residential building in Queens. Durst also has another project under development on the Queens waterfront — the seven-building, $1.5 billion Hallets Point, which will offer up 2,400 apartments.
Queens, NY, has seen strong development interest recently. In February, New York City released the results of a study for another Queens mixed-use development, proposed by Mayor Bill de Blasio, that would eclipse all others in the area. Sunnyside Yard would cost between $16 billion and $19 billion. The first phase of the project, built on a 70-acre portion of the 180-acre development, could see 15,000 housing units. That phase of the project would also include schools, retail and common areas. Completely built out, Sunnyside Yard would feature 24,000 housing units, up to 7,200 affordable. The study also said the city could expect $1.31 billion to $1.53 billion in economic payoff from the project over a period of 40 years.
Another Queens mixed-use project, delayed 10 years by fallout from the Great Recession, broke ground in April. The Crossing at Jamaica Station is a $407 million development that will include almost 700 residential units and 35,000 square feet of retail, both situated next to the Long Island Railroad's Jamaica Station. The station sees approximately 250,000 commuters a day, making the project a transit-oriented development.
Another New York borough that could see a potential building boom in the near future is Brooklyn. Last year, AECOM proposed a massive mixed-use development for the Red Hook area of Brooklyn. The 246-acre waterfront project could offer as many as 45,000 residential units. AECOM proposed three development scenarios for the 80-acre property, which is currently owned by the Port Authority of New York and New Jersey. The most ambitious plan would see 45 million square feet of new development, 11,250 affordable units, a waterfront protection system, 6 miles of area infrastructure improvements, 100 acres of new parks and a subway extension with three new stops.
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