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NEW YORK | 42-53 24th St | FT | FLOORS

https://patch.com/new-york/astoria-l...eveloper-plans

Big LIC Warehouse To Be Demolished By Neighborhood Developer: Plans
The developer responsible for building Queens's tallest tower is now set to demolish a sprawling warehouse building near Queens Plaza

By Nick Garber
Sep 15, 2022

Quote:

A large Long Island City warehouse building will soon be torn down by a prolific neighborhood developer, according to city records.

Developer Chris Jiashu Xu filed plans Wednesday to tear down the five-story building at 42-53 24th St. — a 76,000-square-foot structure near Queens Plaza that dates to the 1920s.

Xu’s company paid $40.1 million in January to acquire the warehouse and an adjacent parking lot, city records show.

Quote:

His ultimate plans for the site are unclear, but Xu is no stranger to the neighborhood’s real estate market — he is the developer behind Skyline Tower, a 778-foot skyscraper near Court Square that wrapped up construction last summer as Queens’s tallest building. (Though it may later be surpassed by an 800-foot tower a few blocks away on Orchard Street.)

The triangle formed by Queens Plaza N/S to the North, the LIRR tracks to the East, and the 7 elevated tracks along 23rd St is a construction zone right now.

27-48 Jackson Ave 811 FT | 60+ floors
Caramel Partners Tower on 24th St 730 FT | 66 floors
Tavros + Charney planned 55 floor tower at the old Toyoko Inn site
Jackson East/West 2 Towers ~450 FT + ~300 FT
Werwaiss Tower (23-02 42nd Rd) 372 FT | 37 FL
Eagle Lofts 2 ~250 FT | 19 floors
8 Court Square (25-34 Jackson Ave) 224 FT | 20 floors
Another ~20 story tower across the street from 8 court square at the corner of Jackson and 44th Dr

I think I am missing a couple, too, including a condo building under construction along Pearson and an adjacent 20-floor rental building next to it.

The lot across the street from this warehouse, 42-50 24th St, was cleared of the cab stand and had plans for a ~450 ft tower.

It's pretty incredible the amount of residential units planned for just this small area. That doesn't even include a few towers under construction or fenced off just outside of the triangle. Altogether, that's probably close to 4,000 units coming to the market in the next 5-6 years. This doesn't even include the waterfront developments near Gantry State Park. Quite the little mini-Manhattan under development.

Yeah, the next few years in LIC might get busier than its ever been, and that’s saying a lot.