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-   -   NEW YORK | Sven (29-37 41st Ave) | 751 FT | 63 FLOORS (https://skyscraperpage.com/forum/showthread.php?t=214318)

chris08876 Nov 16, 2014 1:28 PM

NEW YORK | Sven (29-37 41st Ave) | 751 FT | 63 FLOORS
 
In at $8M, out at $46M — just three years later


http://s14.therealdeal.com/trd/up/20...seph-stern.gif

Quote:

A Queens-based developer who bought a prime Long Island City site for $8 million three years ago flipped the property for nearly six times that amount.

Developer Steve Cheung closed yesterday on the $46.3 million sale of the site at 29-37 41st Avenue in the Queens Plaza section of Long Island City.

The buyer is an unidentified institutional investor. The site has a buildable square footage of roughly 205,000 square feet and comes with approvals for a 30-story residential tower with 242 units.

Cheung was represented by Joseph Stern of Jay Street Advisors, who said rising land prices in Long Island City made the decision to sell a no-brainer.

[...]
==============================
http://therealdeal.com/blog/2014/11/....A2AJU17L.dpuf

chris08876 Nov 16, 2014 1:41 PM

http://i.imgur.com/qUqfeXV.png
http://i.imgur.com/qUqfeXV.png
http://i.imgur.com/EZkHAgy.png
http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01

sparkling Mar 11, 2015 3:47 PM

PMG files plans for 70-story Long Island City tower
Mixed-use building will hold more than 900 units

March 11, 2015 11:30AM
By Rich Bockmann

Quote:

Kevin Maloney’s Property Markets Group is planning to build a 70-story mixed-use tower at the edge of Queensboro Plaza in Long Island City, according to an application filed with the city Department of Buildings today.

The 772-foot-tall building at 29-37 41st Avenue will span nearly 830,000 square feet and hold 930 apartments. There will also be nearly 15,000 square feet of commercial space.

The application shows six different retail units on the ground floor, as well as amenities including a pool and health club. The architect of record is SLCE Architects. PMG could not be immediately reached for comment.

The company purchased the development site for $46.3 million last year from Queens-based developer Steven Cheung, who had paid just $8 million three years earlier. Maloney’s company also recently purchased the Long Island City clock tower building across the street, a point of contention with preservationists in the area who want to see the building landmarked.

The development site is just steps away from the Queensboro Plaza subway station, an area of Long Island City that is bustling with thousands of residential units in the pipeline. - See more at: http://therealdeal.com/blog/2015/03/....1GiDrx2R.dpuf

Crawford Mar 11, 2015 3:53 PM

Mods, can you change title to 70 floors and 772 ft.?

That's now at least three Queens towers planned above 700 ft. LIC is developing a real skyline, and from afar is basically merging with the Midtown East skyline. For this tower, it would be nice to get a crown and see this pushed above 800 ft.

Also, this tower won't just be tall, it will be huge. 1.1 million square feet of space per the building permits. At nearly 800 ft. tall, and over a million square feet of floor area, you are talking a tower that will be noticed.

Busy Bee Mar 11, 2015 3:56 PM

70 story LIC tower - Yeah!

Designed by SLCE - Ugh!

chris08876 Mar 11, 2015 4:00 PM

Wow this a nice suprise. From 30 floors to 70. Funny thing is I predicted something like this yesterday when we had a height reduction on 75 Nassau Street.
:haha:

NEW YORK | 29-37 41st Street | 772 FT | 70 FLOORS

sparkling Mar 11, 2015 4:02 PM

It seems it's 41st Avenue, not 41st Street

hunser Mar 11, 2015 4:54 PM

It's all happening so fast. Now even LIC is getting its first ~800 footer, incredible. :cheers:

sparkling Mar 11, 2015 5:04 PM

A little bit bigger image

http://ny.curbed.com/uploads/Screen-...2.37.54-PM.jpg

http://ny.curbed.com/archives/2015/0...medium=twitter

tdawg Mar 11, 2015 5:22 PM

I was standing on the Ditmars bound platform at 36 Ave yesterday afternoon heading home from Kauffman studios and l noticed the nice cluster of skyscrapers forming around "downtown" LIC / Queens Plaza.

NYguy Mar 11, 2015 5:46 PM

Quote:

Originally Posted by hunser (Post 6946693)
It's all happening so fast. Now even LIC is getting its first ~800 footer, incredible. :cheers:

Yes, the largest skyline transformation in the city's history continues. Both LIC and Brooklyn alone will have skylines that will rank among some of the largest in the country.

NYguy Mar 12, 2015 1:09 AM

Permit and location for potential new tallest of Queens (height may be higher than shown)...


http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01

Quote:

03/11/2015

NEW 70 STORY BUILDING

Building Height (ft.): 772
Building Stories: 70
Dwelling Units: 930



http://www.pbase.com/nyguy/image/159414711/original.jpg



http://www.pbase.com/nyguy/image/159414712/original.jpg



http://www.pbase.com/nyguy/image/159414713/original.jpg



http://www.pbase.com/nyguy/image/159414714/original.jpg



http://www.pbase.com/nyguy/image/159414715/original.jpg



http://www.pbase.com/nyguy/image/159414716/original.jpg

chris08876 Mar 13, 2015 1:24 PM

Proposed LIC tower 4 times bigger than it should be

Quote:

A Manhattan developer plans to erect a 70-story apartment tower in Long Island City, Queens, that is four times bigger than what the site was zoned for, according to public documents reviewed by Crain’s.

Property Markets Group has proposed to build a 930-unit residential building along 41st Avenue, near the corner of Bridge Plaza North, that will clock in at 830,000 square feet, The Real Deal reported Wednesday.

But according to city records, the site at 29-37 41st Ave. was zoned for something closer to a 200,000-square-foot building.
Property Markets Group declined to comment.

There are several ways to legally bump the square footage on a given site beyond the initial zoning limits, though it was unclear exactly which one the firm used to beef up the size of the proposed tower to such a scale.
Property Markets Group already owns an adjacent site, which is home to the Clock Tower building. But even if that property were combined with the site of the proposed tower, there would still not be enough square footage to build 70 stories tall.

To do so, Property Markets Group could have acquired unused development rights from an adjacent site controlled by the Metropolitan Transportation Authority.

That parcel of land borders Property Markets Group's parcel to the northeast, and is being used in conjunction with the MTA's East Side Access project. The plot likely holds more than 1 million square feet of unused development rights, according to a Crain’s estimate, and could be the source of the project's extra height.

The MTA declined to comment.

Developers buy unused rights from neighbors all over the city to increase the size of projects. For example, Extell Development spent years buying additional air rights on a midtown block to construct One57, which was much larger than what the property's original zoning would have allowed. In fact, the de Blasio administration is mulling a way to let landmarked building owners sell their air rights beyond what is currently permitted.
=================================
http://www.crainsnewyork.com/article...n-it-should-be

Zapatan Mar 13, 2015 1:26 PM

So it's not really a problem is it then?

NYguy Mar 13, 2015 1:33 PM

Quote:

Originally Posted by Zapatan (Post 6949339)
So it's not really a problem is it then?

It's not a problem because the city is already looking to increase development in LIC through another rezoning.


Quote:

To do so, Property Markets Group could have acquired unused development rights from an adjacent site controlled by the Metropolitan Transportation
Authority.

That parcel of land borders Property Markets Group's parcel to the northeast, and is being used in conjunction with the MTA's East Side Access project.
The plot likely holds more than 1 million square feet of unused development rights, according to a Crain’s estimate, and could be the source of the project's
extra height.


Note that when they say "height", they actually mean size, an important distinction. You can see the sites below...


http://www.pbase.com/nyguy/image/159414713/original.jpg


But in any case, the developers could always seek an increase through the city's approval process like every other developer that needs it.

And lets not forget, with all of this development knocking on the door to Sunnyside Yards, there's still the planning of what will be built there.

Surrealplaces Mar 13, 2015 9:13 PM

I would love to see Queens pick up a few more tall ones. Five separate skylines (Midtown, downtown, Jersey City, Brooklyn and Queens) would be pretty cool.

Quote:

Originally Posted by NYguy (Post 6947428)
Permit and location for potential new tallest of Queens (height may be higher than shown)...


http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01




NYguy Mar 13, 2015 9:18 PM

This would be the first building over 700 ft in Queens, or even the other boroughs if it tops out before the planned Brooklyn towers. But with everything going on in LIC, it wouldn't surprise me to see more.

Surrealplaces Mar 13, 2015 9:22 PM

Quote:

Originally Posted by NYguy (Post 6950121)
This would be the first building over 700 ft in Queens, or even the other boroughs if it tops out before the planned Brooklyn towers. But with everything going on in LIC, it wouldn't surprise me to see more.

LIC is the perfect spot for a nice little skyline. Nice close access to Midtown.

mrnyc Mar 14, 2015 4:38 PM

this is a good placement spot for something borough record tall & large like that.

sparkling Mar 20, 2015 8:25 PM

A little bit more details

Developers seek $56M worth of MTA air rights and land

JOE ANUTA
MARCH 20, 2015

Quote:

A joint venture between Property Markets Group and the Hakim Organization wants to buy nearly $56 million worth of unused development rights and land from the Metropolitan Transportation Authority, which could allow them to build Queens' tallest building, according to sources. The plan also calls for the team to ild and maintain a public park and expand subway access at the Queens Plaza station in Long Island City.

The MTA board is set to vote next week on whether to approve the sale of about 480,000 square feet of air rights from a construction site for the authority's East Side Access project.

Last week, Crain's reported that the developers' proposed 70-story, 830,000-square-foot tower containing 930 apartments on a vacant parcel near the corner of 41st Avenue and Bridge Plaza North was four times larger than what the zoning called for.

While Property Markets Group already owns an adjacent site, home to the Clock Tower building, it was clear that the proposed project would only be possible through the purchase of air rights, which are used throughout the city to increase the height of buildings beyond the original zoning and help owners of existing buildings that are not constructed to their maximum density turn a profit by selling the additional unused development rights.
Property Markets and the Hakim Organization, a large property owner in the city, declined to comment, but sources told Crain's that the duo will be submitting new design plans for the apartment building. The MTA couldn’t be reached immediately for comment.

Just to the north of the proposed development site and the Clock Tower building—which were originally zoned for a total of about 350,000 square feet but do not have height limits—is a large, irregular parcel owned by the MTA. It currently contains a gaping hole where crews have been helping construct a rail tunnel that will run under the East River to Grand Central Terminal, but the construction site will eventually be filled in and graded over.
The development team has agreed to buy a piece of that land, where it will maintain a public park. It will also be using a strip of the MTA property as a driveway to the proposed apartment building.

Property Markets Group and Hakim also plan on expanding or creating a new entrance to the E, M and R trains at the Queens Plaza station.

NYguy Mar 23, 2015 12:40 PM

Quote:

The MTA board is set to vote next week on whether to approve the sale of about 480,000 square feet of air rights from a construction site for the authority's East Side Access project.

Property Markets and the Hakim Organization, a large property owner in the city, declined to comment, but sources told Crain's that the duo will be submitting new design plans for the apartment building.


Looking forward to this fast moving development.



http://www.timesledger.com/stories/2...5_03_20_q.html

Clock Tower in danger as owner plans huge tower next door


http://www.timesledger.com/assets/ph..._03_20_q_z.jpg


By Bill Parry
March 20, 2015


Quote:

Preservationists fear that time is running out on the Clock Tower. The future of the iconic building, which sits at the northeast corner of Queens Plaza in Long Island City, is in question now that its owner, Property Markets Group, has submitted plans to build a tower on the adjacent lot at 29-37 41st Ave.

The 70-story mixed-use high-rise would be the tallest building in Queens with 930 apartments, retail space, a parking garage with 100 spaces, a health club and swimming pool, according to the city Department of Buildings.

“It certainly has caused alarm,” author and preservationist Michael Perlman said. “It would be a preservation travesty if it’s demolished and it would resurrect sentiments like when the original Penn Station was demolished. We’re hoping the Landmarks Preservation Commission Landmarks does something it before it’s lost.”

The Clock Tower was built as the Manhattan Bank Building in 1927 and it was the tallest building in Queens until the Citigroup Building opened at 1 Court Square in 1990. It has been mostly vacant for the last quarter century.

A spokesman for Property Markets Group refused to comment on the zoning issue for the planned residential high-rise and the future of the Clock Tower.


http://ny.curbed.com/uploads/Screen-...2.37.54-PM.jpg

sparkling Mar 23, 2015 5:36 PM

Landmarks Preservation Commission Decides to Calendar the LIC Clock Tower!

Emily
03/23/15

Quote:

Awesome news for preservationists in Queens! This Tuesday the Landmarks Preservation Commission will calendar the LIC Clock Tower — officially known as The Bank of the Manhattan Company Long Island City Branch Building — to be considered for landmark status. Located at 29-27 Queens Plaza North, preservationists have rallied around this neo-Gothic structure, built in 1927, which is not protected from demolition. And recently, news came out that the owners of the clock tower, Property Markets Group, planned to develop 830,000 square feet on the surrounding land. Property Markets Group paid $30.9 million for the clock tower building late last year. As Queens preservationist Michael Perlman put it, “If not landmarked, it may undergo demolition.”

It’s not too late to sign the petition urging for landmark protection. This building is absolutely worthy of landmark status — let’s not let it be replaced with another glassy LIC skyscraper.

Hudson11 Mar 24, 2015 2:10 AM

It would definitely be a travesty if that old gem would be demolished to make way for a glassy box filled with affordable housing or luxury apartments. LIC isn't exactly the most architecturally appealing place. I sometimes wonder about preservationists. Do they forget about certain buildings until they hear about development news around them and then think, "oh shit"?

NYguy Mar 24, 2015 2:23 AM

Well, PMG is doing wonders with another classic. I wouldn't jump into that river of "despair" so often associated, until we know exactly what's being planned. Or just go into hysterics on schedule as planned.

http://propertymg.com/portfolio/#111-west-57th-street

dumbo Mar 24, 2015 9:42 PM

queens is blowing up!

NYguy Mar 26, 2015 12:22 AM

I love it when things move quickly...


http://www.nydailynews.com/new-york/...icle-1.2162400

MTA will sell $56M Long Island City property to developer eyeing new 77-story residential tower


http://assets.nydailynews.com/polopo...a26n-1-web.jpg


BY KATHERINE CLARKE , PETE DONOHUE
March 25, 2015


Quote:

The MTA is cashing in on a $56 million real estate deal that will allow a developer to build what could become Queens’ tallest highrise — and help mend the city’s aging subway system.

Metropolitan Transportation Authority board members voted Wednesday to sell off air rights to Queens Plaza Park Development, a real estate partnership eyeing Long Island City as the home of its new 77-story residential tower.

“Every dollar we are able to secure through real estate transactions helps to reduce the pressure on the fares, tolls and taxes that support the MTA,” agency spokesman Aaron Donovan said.

Under current zoning, the developer can build nearly 40 stories on property it owns near 41st Ave. and Bridge Plaza North, officials said. But by purchasing and transferring unused development rights associated with a nearby property owned by the MTA, the developer will be able to add an additional 39 stories to its project, the MTA said on Wednesday.

MTA officials said the transfer of 478,000 square feet of air rights will enable the developer to build up to 858 apartments next door to the Clock Tower Building, an 88-year-old Art Deco-era highrise now vying for landmark status.

In the deal, the MTA will sell to the developer three small parcels of land, including a 25,000-square-foot lot that will be transformed into a public park.

Some MTA board members raised objections to the sale, saying affordable housing isn’t part of the developer’s plan. Other board members, however, contend the MTA’s primary focus should be the subway system, which is in dire need of funding.

“Our only priority should be the transit system and our riders,” said board member Jeff Kaye, who voted in favor of the deal.

When completed, the soaring tower will help fill a void in apartment inventory in the neighborhood, which over the past decade has been transformed by a bevy of sprawling new luxury residential buildings all along the East River.

“There’s still an extreme housing shortage in Long Island City,” said Eric Benaim, CEO of Modern Spaces, a real estate brokerage firm with a branch in the neighborhood. “They should be able to fill up these apartments in no time. As rents in Manhattan continue to soar, more and more developers are targeting sites in Long Island City.”

Queens Plaza Park, which is a joint venture between the Property Markets Group and Karman Hakim, declined to comment.


http://assets.nydailynews.com/polopo...5.jpg?enlarged



http://assets.nydailynews.com/polopo...b.jpg?enlarged




http://www.dnainfo.com/new-york/2015...-tallest-tower

MTA to Sell Air Rights to Developer Planning to Build Queens' Tallest Tower


http://assets.dnainfo.com/generated/...extralarge.jpg


By Jeanmarie Evelly
March 25, 2015


Quote:

Once the sale is finalized, the MTA will transfer 478,000 square feet from an MTA-owned lot at Northern Boulevard and 40th Road to the development group Queens Plaza Park Development LLC, which includes Property Markets Group and The Hakim Organization.

The sale is expected to go through in the next month or two, an MTA spokesman said.

Property Markets Group declined to comment on the deal and The Hakim Organization did not immediately respond to a request for comment.

During the meeting on Wednesday, MTA board members debated whether to require the developer — and those in similar deals to purchase or use MTA land — to include affordable housing as part of the agreement.

As of now, affordable housing requirements are not part of the agreement, but the board is making plans to develop an affordable housing policy in the next few months that would apply to similar deals in the future.

Queens Plaza Park Development plans to build the 70-story apartment tower at 29-37 41st Ave., including 930 apartments, a health club, swimming pool and retail space, according to plans filed with the Department of Buildings.

NYguy Mar 26, 2015 5:58 PM

http://www.qchron.com/editions/weste...3f313cdd4.html

Clock Tower closer to landmark status


http://bloximages.chicago2.vip.townn...size=760%2C506


March 26, 2015
by Cristina Schreil


Quote:

After months of pushing for making the Long Island City Clock Tower a designated landmark, advocates say they’re one step closer to protecting the Western Queens icon.

The tower, which sits at the top of the old Bank of Manhattan building at 29-27 Queens Plaza North, was calendared Tuesday in a public meeting held by the city’s Landmarks Preservation Commission.

After a public hearing, where advocates plan to present their cases for why the building should be preserved, it may then be granted provisional protections.

Michael Hall and Matthew Chrislip, of +Partners, the group that’s been pushing for the landmark status over the past year, said in a statement that the group’s presentation at the meeting focused on the building’s quality of construction, importance to the history of Queens Plaza and its connection to the area. They’re also looking ahead.

“At the public hearing, members of the public will be allowed to give advisory testimony, after which the commission will hopefully vote to landmark the building,” they said in an email Monday. “We hope for, and anticipate, a strong show of support.”

They added they will also keep asking for signatures; they have an online petition set up at change.org. At press time, it had 1,472 signatures. They have a goal of 2,000.

“The Landmarks Preservation Commission’s initial hearing on the Clock Tower Building is the first step toward landmarking one of Long Island City’s most historic structures,” said City Councilman Jimmy Van Bramer (D-Sunnyside) in a statement. “This is a tremendous victory for New York City preservationists and local residents who contacted my office to convey their overwhelming support to retain the character of our great neighborhood.”

Van Bramer hailed the efforts as a truly grassroots campaign. He was also one of many community leaders who have pledged letters of support for landmarking the building. Others were the Dutch Kills Civic Association, Community Board 1, Hunters Point Civic Association, Queens Historical Society and Save America’s Clocks.

Fears that paperwork had recently been filed to construct a 70-story mixed-use apartment building — which would be the tallest skyscraper in the state outside of those in Manhattan — in a lot adjacent to the clock tower’s building also had some people concerned.

Adam Compagnone, a Dutch Kills resident, said he would be all right with a new building there as long as the developers, if plans are approved, “don’t damage the clock tower and they work the tower into the plans to include it as part of Long Island City’s history.”


NYguy Mar 27, 2015 2:57 PM

Mitch Waxman

https://farm8.staticflickr.com/7596/...4508696e_b.jpg



https://farm8.staticflickr.com/7591/...dec4457d_b.jpg



https://farm8.staticflickr.com/7639/...f0eca9f6_b.jpg

tdawg Mar 30, 2015 1:21 PM

An article in the Times today has a crude rendering of the bldg. Seeing it against the clock tower is eye-popping.
http://www.nytimes.com/2015/03/31/ny...ies-below&_r=1

New Queens Plaza Skyscraper Gets Help From Historic Clock Tower Next Door
MARCH 30, 2015

By MATT A.V. CHABAN

The hands have not moved in decades, and the lights behind them went dark a year ago. But the gargoyles still glower atop the Long Island City clock tower, alongside its castellated turret, copper windows and granite shields.

Fourteen stories is nothing in today’s booming neighborhood, but until 1990, the brown-brick structure at 29-27 Queens Plaza North was the tallest building in Queens. Even still, it transfixes residents of this low-slung borough.

“Since I was a boy, I’ve probably passed by that building thousands of times in my life, like so many people in Queens,” said Jimmy Van Bramer, the local city councilman. “It was a landmark from the very beginning.”

It was hard to miss, standing virtually alone at the mouth of the Queensboro Bridge and the bend in the elevated Flushing and Astoria subway lines. Even as it was hemmed in by larger buildings, the clock tower still stood out.

Now it will be truly overshadowed. A 915-foot skyscraper — the city’s tallest outside Manhattan — is about to sprout on its doorstep. Yet the connection is no coincidence: The clock tower is helping make this 77-story glassy giant possible.

A rendering of the proposed apartment building behind the Long Island City clock tower. Credit SLCE Architects, via The Metropolitan Transportation Authority
The new 930-unit apartment building, designed by SLCE Architects and described as “Manhattan caliber” by its developers, is relying on land and air rights from the clock tower, as well as another, unexpected source: the Metropolitan Transportation Authority — this despite the reservations of some of its board members.

When a consortium of developers bought the clock tower and two neighboring plots in November, they hit upon a novel idea to create their Queens colossus. With tight budgets and a mandate to capitalize on its real estate holdings, the transportation authority was happy to oblige.

Last week, the authority’s board approved the transfer of approximately 477,000 square feet of air rights to the developers for just under $56 million. The rights came from an adjacent lot where the agency has dug a hole nearly as deep as the clock tower is tall. Through it runs a tunnel that will bring the Long Island Rail Road into Grand Central Terminal.

“The clock tower once marked Queens as a borough on the rise, and with our new project, we want to give the building the prominence it deserves,” the developers, Property Markets Group and the Hakim Organization, said in a statement.

These were indeed the aspirations driving the Bank of Manhattan when it opened the building 88 years ago. With the arrival of the bridge in 1909 and the expansion of the subways across the East River a decade later, the blocks around Queens Plaza became ripe for development.

It became a hub of business, with concrete factories and limestone banks radiating out from the plaza. Most of them are now gone, having been replaced with soaring glass spires.

Local preservationists had worried time was up for the historic building, but the city’s Landmarks Preservation Commission stepped in. Last week, the commission began a public review of a proposal to make the clock tower an official landmark, which would protect it from destruction but still allow construction around it. The proposal, which is supported by the developers and Councilman Van Bramer, is likely to be approved.

Continue reading the main storyContinue reading the main storyContinue reading the main story
The developers plan to keep it as an office building for tech firms, and have also promised to pay for a park of up to 1.25 acres on the land controlled by the transportation authority.

Yet some at the authority thought the developers should have been providing public benefits within their new tower: affordable housing.

The Long Island City clock tower, which has loomed over Queens Plaza since 1927, was the tallest building in Queens until 1990. Credit Uli Seit for The New York Times
The developers are in a race to begin construction by summer so they can qualify for tax breaks without having to include affordable housing. If state lawmakers continue the 421a tax-break program beyond June, builders and housing advocates expect projects within high-demand neighborhoods like Long Island City will be exempted unless affordable units are included.

This put the transportation authority board in the unusual position of wrestling with housing policy.

“Myopia is no excuse,” Charles G. Moerdler, a Manhattan lawyer and appointee of the governor to the board, said at a board meeting last week. “Our fiduciary responsibility is to all people of the state, and that includes those who support our governor’s program to provide affordable housing so that New York State remains a state fit for people and fit for living.”

Another worry was that the authority might be worsening its position, rather than strengthening it. “I think we have to be concerned with the crowded subway lines and how all these people are going to be able to get on the subway,” Ira R. Greenberg, head of the Long Island Rail Road Commuters Council, said before the vote.

The agency had actually wrestled with this very issue during the negotiations. The developers had initially wanted to buy 750,000 square feet, so they could build a tower higher than 90 stories.

The challenge for the authority is that if the board insists on affordable housing, most developers will pay less for the air rights, hurting the authority’s bottom line.

Some suburban board members were especially frustrated by what they saw as hypocrisy, since two projects outside the city on agency property were recently obligated to include affordable housing.

Regardless, most of the board, including the chairman and chief executive, Thomas F. Prendergast, felt their responsibility was to riders, not residents, and they approved the air rights sale. Mr. Prendergast did agree, however, to form a committee to explore the issue so the agency would not have to continue addressing affordable housing on a project-by-project basis.

“There are many who want to tag onto our ship and have us carry their mantra forward,” Mr. Prendergast said at the board meeting last week. “But when we have an issue with respect to finances, they’re not there with us.”

While Councilman Van Bramer and many in Long Island City wish the transportation authority had decided differently, they have now turned their focus to the appropriate marriage of the bank building and its 915-foot neighbor.

“The new tallest building will be next door to the old tallest building,” said Christian Emanuel, a recent college graduate who grew up going to his father’s office in the clock tower building and led the landmarking campaign. “They couldn’t be more different, but they will still go together. That’s Queens. We’re diversity.”

antinimby Mar 30, 2015 1:33 PM

That's wonderful news.

A classic win-win: the clock tower stays and keeps the area balanced from being too glassy and characterless while at the same time, we get a tall new tower.

hunser Mar 30, 2015 1:56 PM

Great news! Another 900 footer for the city. Makes up for the massive height cut at 420 Albee Square ...

Busy Bee Mar 30, 2015 2:04 PM

915'! And to think they actually wanted to go higher!

ILNY Mar 30, 2015 3:20 PM

http://static01.nyt.com/images/2015/...al-3-jumbo.jpg


http://static01.nyt.com/images/2015/...superJumbo.jpg

Source: http://www.nytimes.com/2015/03/31/ny...door.html?_r=0

NYguy Mar 30, 2015 5:39 PM

I like the massing, and of course the height. And the clock tower crowd can relax a bit.

chris08876 Mar 30, 2015 9:39 PM

Seems like the trend where one day we get a big cut, but another tower grows incredibly in size and height. Great News! :cheers:

hunser Mar 30, 2015 9:44 PM

Quote:

Originally Posted by chris08876 (Post 6971229)
Seems like the trend where one day we get a big cut, but another tower grows incredibly in size and height. Great News! :cheers:

Yeah, I've noticed that too. :yes: Good thing we are not that old ... because the constant rollercoaster is not good for blood pressure. :D

Zapatan Mar 30, 2015 9:54 PM

Nice!

The article said 77 floors not 70 btw :)

Hypothalamus Mar 31, 2015 12:05 AM

The inclusion of the clock tower will make for some wonderful photography folks!

Ploppalopp Mar 31, 2015 12:41 AM

I really love how they incorporate the old building. At 77 floors, it seems like this should easily be a supertall. Are there height limits here or is that a possibility?

NYguy Mar 31, 2015 1:34 AM

Quote:

Originally Posted by Ploppalopp (Post 6971492)
I really love how they incorporate the old building. At 77 floors, it seems like this should easily be a supertall.
Are there height limits here or is that a possibility?


Quote:

The developers had initially wanted to buy 750,000 square feet, so they could build a tower higher than 90 stories.

I'll take the height. A taller tower would have been great, but a few days ago this was a 700 footer and we were pleased.


Quote:

The developers are in a race to begin construction by summer so they can qualify for tax breaks without having to include affordable housing.
The next year will be something incredible for that area. An "overnight" skyline to rival many others.



http://queensbeans.com/wp-content/up...r-google-5.jpg
http://queensbeans.com/pmg-queens-plaza-north/



http://www.pbase.com/nyguy/image/159596934/original.jpg
from www.nytimes.com


http://www.pbase.com/nyguy/image/159596935/original.jpg

Zapatan Mar 31, 2015 1:37 AM

looks like the site is ready to go :)

chris08876 Mar 31, 2015 1:40 AM

The race is in high gear on who can get the tallest outside Manhattan. Will it be JC, Queens, or Brooklyn...

Looks like DoBro will win.

I'm just waiting for the Bronx to get into the skyscraper action. With rising land prices, and gentrification occuring full steam, only a matter of time. We just need the Bronx, and on the Jersey Side, Newark, and then we can say we have like 5 unique skylines growing all at once to complement that main NYC Manhattan Skyline.

Region is turning into N.America's Guangdong in terms of the highrise/skyscraper nodes.

Region is on track to eclipse 6700 + highrises/skyscrapers by the time this boom see's most of its proposals complete. By region, I'm talking about the metro.

NYguy Mar 31, 2015 1:43 AM

^ At this point, it seems it will be Brooklyn, but we have yet to see details on that. All three are seeing big leaps in height to the tallest.

Hudson11 Mar 31, 2015 1:50 AM

Jersey City has the only approved supertall outside of Manhattan. SHoP is working on a Brooklyn project, but who knows when we'll get the details? Anyway, back to the topic. It's great to hear about a height boost for this tower. LIC will no longer be a haphazard collection of highrises and Citigroup Building in a few years.

NYguy Mar 31, 2015 1:57 AM

Quote:

Originally Posted by Hudson11 (Post 6971565)
Jersey City has the only approved supertall outside of Manhattan. SHoP is working on a Brooklyn project, but who knows when we'll get the details?

As of now, but we do know the Brooklyn supertall of over 1,000 ft is in the works. It would be taller than the JC tower or the tower here.

It would be interesting if more air rights were bought in here to go for a taller tower.


Quote:

The developers had initially wanted to buy 750,000 square feet, so they could build a tower higher than 90 stories.

I get the impression that Brooklyn and Queens will battle for tallest eventually. And there's another LIC tower to contend with, though how tall it will be is anybody's guess.


http://blog.archpaper.com/wp-content...tower-site.jpg
http://blog.archpaper.com/2015/03/to...her-high-rise/

NYguy Mar 31, 2015 2:50 AM

Old but still good view of the site...


Video Link



Another view....


Video Link

Crawford Mar 31, 2015 11:16 AM

Now I'm kind of bummed knowing they wanted to go for over 90 floors, but the MTA would only give them the air rights for 77 floors.

Oh, well. 915 ft. is certainly a major tower, especially with that kind of bulk. It would have been amazing to have an 1,100-1,200 ft. tower, though.

This tower will really extend the city's skyline east. It will be a huge game-changer for LIC, and probably means that Western Queens will eventually see supertalls.

NYguy Mar 31, 2015 12:26 PM

It's a game changer for sure. But there are development rights left over for another tower, so who knows.

Meanwhile, as development closes in, the push to develop Sunnyside Yards will get stronger.


http://www.pbase.com/nyguy/image/159596935/original.jpg



PMG, working with JDS, did a nice job of integrating the Steinway building with the new SHoP designed tower. It looks like the same thing happening here, although whether or not
the clocktower is designated a landmark will impact just how much they can alter it. But you can see from the diagram it's almost enveloped by the new tower.


http://www.pbase.com/nyguy/image/159595645/original.jpg

Gantz Mar 31, 2015 7:44 PM

Quote:

Originally Posted by chris08876 (Post 6971558)
The race is in high gear on who can get the tallest outside Manhattan. Will it be JC, Queens, or Brooklyn...

Looks like DoBro will win.

I'm just waiting for the Bronx to get into the skyscraper action. With rising land prices, and gentrification occuring full steam, only a matter of time. We just need the Bronx, and on the Jersey Side, Newark, and then we can say we have like 5 unique skylines growing all at once to complement that main NYC Manhattan Skyline.

Region is turning into N.America's Guangdong in terms of the highrise/skyscraper nodes.

Region is on track to eclipse 6700 + highrises/skyscrapers by the time this boom see's most of its proposals complete. By region, I'm talking about the metro.

Also, don't forget Newark. I think Newark has some cool proposals as well and will definitely see some spillover.

NYguy Mar 31, 2015 7:54 PM

Newark wont be in that race.


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