A lot more than bargained!
====================
70-Story Mixed-Use Skyscraper Proposed for Long Island City
Quote:
A rendering and details posted to Dynamic Worldwide Group show a sleek 70-story tower composed of three interlocking components. A square masonry base grounds the building which then transitions to sweeping glass tower with front-and-center views of Midtown Manhattan. Another rendering uncovered last year by the blog Queensbeans shows the tower from the south, over the Court Square elevated station. Perkins Eastman Architects is listed as the architect and the page says the building will encompass a whopping one million square feet.
Mission Capital arranged the financing for the property purchase and Terra Capital Markets was the lender. Documents from Terra in regards to the acquisition financing explain the site is currently zoned for a 271,856 square foot, mixed-use tower but the purchase of air rights from an adjacent parcel owned by the Department of Transportation could increase the project's size to 373,272. Additionally, the Department of City Planning is currently evaluating the area for an upzoning, "potentially doubling the new building’s size."
|
=======================
City Realty