Posted Sep 16, 2022, 12:22 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,899
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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
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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.
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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.)
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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