NEW YORK | 24-16 Queens Plaza South (Hero LIC) | 300 FT | 23 FLOORS

[chris08876]

I checked and no thread for this LIC project. Scaffolding is being placed for work on the property, which will see an 18 floor addition.





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Pipe scaffolding up at 24-16 Queens Plaza South

Back in September, we stopped by 24-16 Queens Plaza South and saw that a rendering had appeared on site.1 When we stopped by last week, we saw that construction has started on the building, with pipe scaffolding up, as seen in the photo below.

The Midtown-based development firm, which is led by CEO Jeffrey Simpson, acquired the five-story building at 24-16 Queens Plaza South with the goal of preserving the existing structure on the site and adding 18 stories on top. The end product would be a 23-story, 100,000-square-foot residential tower holding 117 rental units and 3,600 square feet of ground-floor retail space, according to Crain’s.

Developer buys five-story Long Island City office building for $23 million

Greystone Development is tackling its first project in Long Island City, Queens.

The real estate investment firm purchased a five-story office building at 24-16 Queens Plaza South for $23 million with plans to redevelop the property into a 100,000-square-foot residential rental tower. Greystone plans to preserve the existing building at the site and add 18 stories on top of the property, according to Jeffrey Simpson, who heads Greystone Development.

"We like the existing building," Simpson said. "It maintains the character of Long Island City, and we think it's nice to have a project that offers a link between the neighborhood's heritage below and a modern structure above."


Greystone also announced that it secured a construction loan from Santander Bank for about $39 million. Lenders generally extend up to 60% of a project's development cost, suggesting that Greystone plans to spend a total of around $65 million on the tower, but Simpson would not confirm the project's costs.

The company has hired the architecture firm Woods Bagot to design the building, which will be made up of 117 apartments and 3,600 square feet of ground-floor retail space. It will also offer residents amenities such as an outdoor pool, roof terrace, fitness center and co-working space.

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1) http://liccourtsquare.com/2017/01/26...s-plaza-south/
2) http://www.crainsnewyork.com/article..._medium=social

[tdawg]

Looks pretty cool and a nice addition to that booming area.

[chris08876]

Under Construction


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Greystone Development's Curvy LIC Rental Tower Begins Construction

Greystone Development has begun construction on a 23-story, 117-unit rental tower in booming Long Island City. The 105,000-square-foot venture will be the firm’s first in Queens and is sited at the foot of the Ed Koch Queensboro Bridge at 24-16 Queens Plaza South. Greystone acquired the property for $23 million last year according to the Real Deal.

Greystone tapped the global architecture firm of Woods Bagot to mold the design. A preliminary rendering shows that the exterior of the existing 5-story building will be salvaged and a graceful modern addition will rise above. Horizontal spandrel areas will grow into balconies and morph from floor to floor — resulting in a dynamic undulating form a la Studio Gang’s Aqua Tower in Chicago.

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Cityrealty

[PeterQM]

Construction is starting...

[PeterQM]

Greystone Development's Curvy LIC Rental Tower Begins Construction
April 17, 2017

Greystone Development has begun construction on a 23-story, 117-unit rental tower in booming Long Island City. The 105,000-square-foot venture will be the firm’s first in Queens and is sited at the foot of the Ed Koch Queensboro Bridge at 24-16 Queens Plaza South. Greystone acquired the property for $23 million last year according to the Real Deal.

Greystone tapped the global architecture firm of Woods Bagot to mold the design. A preliminary rendering shows that the exterior of the existing 5-story building will be salvaged and a graceful modern addition will rise above. Horizontal spandrel areas will grow into balconies and morph from floor to floor — resulting in a dynamic undulating form a la Studio Gang’s Aqua Tower in Chicago.

More DETAILS here.

[chris08876]

Delete - pic not working

[WhatTheHeck5205]

Always nice to see the original building being preserved, I just wish they’d set the tower a little further back on the lot (maybe by going a little taller and slimmer?) so as not to visually overwhelm the old building. In that regard it kind of reminds me of some of the newer projects in Toronto where the historic facades have been retained but look like they’ve been swallowed up by the new buildings. Overall though it’s good to see a developer give some thought to preserving the urban fabric in a place like Queens.

[chris08876]

Credit: LICCourt

[chris08876]

The Midtown-based development firm, which is led by CEO Jeffrey Simpson, acquired the five-story building at 24-16 Queens Plaza South with the goal of preserving the existing structure on the site and adding 18 stories on top. The end product would be a 23-story, 100,000-square-foot residential tower holding 117 rental units and 3,600 square feet of ground-floor retail space, according to Crain’s.

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LICCourt

[chris08876]

24-16 Queens Plaza South tops out

Back in June, we stopped by 24-16 Queens Plaza South and saw that a new rendering had appeared on site. When we stopped by last week, we saw that the building has topped out, as seen in the photo below. Delivery is expected this fall.

Here’s more information about the project from The Real Deal:

The Midtown-based development firm, which is led by CEO Jeffrey Simpson, acquired the five-story building at 24-16 Queens Plaza South with the goal of preserving the existing structure on the site and adding 18 stories on top. The end product would be a 23-story, 100,000-square-foot residential tower holding 117 rental units and 3,600 square feet of ground-floor retail space, according to Crain’s.

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LICCourt

[chris08876]

Credit: LICCourt

The Midtown-based development firm, which is led by CEO Jeffrey Simpson, acquired the five-story building at 24-16 Queens Plaza South with the goal of preserving the existing structure on the site and adding 18 stories on top. The end product would be a 23-story, 100,000-square-foot residential tower holding 117 rental units and 3,600 square feet of ground-floor retail space, according to Crain’s.

[NYguy]

https://www.crainsnewyork.com/real-e...ash-amazon-hq2

Developer buys $40M LIC rental to cash in on Amazon HQ2

DANIEL GEIGER
January 30, 2019

The seller had finished about 60% of the under-construction, 23-story apartment tower. Silverback will take over construction and convert the project to condos,
breaking from Greystone's plan to build rental apartments.

[tdawg]

Wow that new rendering is stunning. More of this in LIC, please.

[chris08876]

IMG_3534 by Brian Aronson, on Flickr

[GeneralLeeTPHLS]

I'm not sure how great this project will look...especially since they repainted the initial structure with a drab grey.

[cjreisen]

Love that they preserved the original building, this is what needs to be done far more in NYC. would be somewhat awesome if we had an area where all buildings were modern, but preserved the tenement building facades below.

[chris08876]

Credit: arbre_vert

[Camstonisland]

Originally Posted by GeneralLeeTPHLS

I'm not sure how great this project will look...especially since they repainted the initial structure with a drab grey.

The rendering of the base looks great- I just think they're deceiving.


The render shows actual black brick and white mortar, while the final product is clearly dark grey painted everything, including the mortar.

Compare actual black brick (as suggested by the rendering)


To just plain painted brick


I think whatever swatch or asset the renderer used was of actual black brick rather than brick painted over, which could have mislead a developer to go with the appealing look of black/grey brick over keeping the original bare brick facade.

[chris08876]

IMG_9760_polarr by Brian Aronson, on Flickr

[chris08876]

24-16 Queens Plaza South’s Facade Making Headway In Long Island City

The Art Moderne-inspired facade of 24-16 Queens Plaza South is starting to show progress. The tower is already topped out at 23 stories, and stands next to the elevated 7 train in Long Island City. Silverback Development is the developer of the residential project. The building was previously purchased from Greystone Development at a cost of $80 million. The acquisition calls for a conversion from rentals to condominiums.

Woods Bagot was the original architect of record, and is now overseeing the conversion. There will be 109 units in total, with a mix of studios, one-bedroom, and two-bedroom homes. The light and dark geometric panels are now making their way up each side, and surrounding the loose grid of windows.

The western elevation of 24-16 Queens Plaza South that faces Manhattan has the more interesting and signature architectural profile, featuring curved and protruding balconies on the corners of the reinforced concrete structure. All the windows have been installed from the lower levels to the flat roof parapet. The project may not be the tallest of the cluster of new developments in Long Island City, but the facade will definitely stand out amongst the sea of glass towers.

Retail space will sit on the ground floor of the original five-story, pre-war commercial building and measure 3,863 square feet. The 7, N, and R trains and the entrance to the Ed Koch Queensboro Bridge are located just outside the property. This will make commuting in and out of Queens extremely convenient.

A completion date for 24-16 Queens Plaza South has not been announced yet, but sometime in 2020 seems likely. Other components of the project such as the residential amenities package and the remaining construction timeline have not been publicly released.

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NYY