Ultimately, the tower will top out at 481 feet and hold 337,096 square feet of interior space. Its 391 apartments will be divided across 306,446 square feet, yielding an average unit of 791 square feet. There will also be 30,650 square feet of commercial space, but the permits don’t specify whether it will be retail or offices.
Despite the wealth of subways at Queensboro Plaza and Court Square, the developer has voluntarily decided to build 195 parking spots on the second floor. The R9 zoning that enables such a tall tower also waives parking requirements in Long Island City and Manhattan south of 96th Street.
Property Markets Group is the developer, and SLCE Architects designed the tower, which has an alternate address at 23-10 42nd Road.
Location: At a computer, wasting my life on a skyscraper website
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^^^ Hahahaha what is that sign on the front of that train???
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You guys are laughing now but Jacksonville will soon assume its rightful place as the largest and most important city on Earth.
I heard the UN is moving its HQ there. The eiffel tower is moving there soon as well. Elon Musk even decided he didnt want to go to mars anymore after visiting.
We last checked in on 23-01 42nd Road back in September when construction had approached the 40th floor.1 When we stopped by last week to take a look at the site, we saw that the building had topped out, with most of the outside facade mostly installed.
According to the permits, which were approved in February, the building will rise to be 44 floors featuring 306,446 square feet of residential space and 30,650 square feet of commercial space.
AG approves $364M condo plan for PMG’s Court Square tower
Quote:
Property Markets Group and its partners in Long Island City are not selling apartments at their recently topped-out Court Square apartment tower. But if they were, they’d be aiming for a sellout of more than $364 million.
The Attorney General’s office last month approved a $364.2-million condo plan for 23-10 Queens Plaza South, the 44-story tower PMG is developing with partners the Hakim Organization and Howard Lorber’s New Valley investment firm.
The 481-foot tower topped out in December as Queens’ tallest residential building, offering apartments with city views that would be the first high-rise condos in the Court Square section if the developers chose to go that route.
Yet despite the approved condo plan, a spokesperson for PMG emailed TRD saying the company “is definitely doing a rental!” Douglas Elliman is handling leasing at the 80/20 project, which will launch in three to four months, the spokesperson added. It’s not uncommon for developers to submit a condo offering, even if they don’t have immediate plans to offer apartments for sale.
“It’s more difficult once you have renters in place,” said Rockrose Development President Justin Elghanayan, one of the most active builders in Long Island City. “Getting your condo [plan] approved is not just a rubber stamp. It’s just a cleaner process if you don’t have people living there.”
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