[NYguy]

A listing of Queens largest residential developments. I don't see this one listed...





http://therealdeal.com/issues_articl...ad-for-queens/


Queens is getting 60 big residential projects

October 01, 2013
By Katherine Clarke

.....Developers are increasingly drawn to Queens — and especially Long Island City — because large development sites are still available there. Plus, home prices are rising as new restaurants and stores appear, said Mitchell Hochberg, president of Lightstone, which is currently leasing its 12-story, 199-unit Gantry Park Landing project in Long Island City.

“Long Island City in particular has matured to a point where it has both the infrastructure and the scale to be a real neighborhood that people want to live in,” Hochberg said. “Add in the easy commute [to Midtown] and the affordability factor, and you have a very exciting alternative to Manhattan.”

.....The availability of sizable development sites zoned for large-scale development is key to the increased construction activity. In established Manhattan and Brooklyn neighborhoods, there are few large development sites left, industry experts said.

“If you want to build a 300-unit building, it’s tough to do that in a place like Williamsburg today,” said Josh Zegen, a co-founder of the commercial real estate investment firm Madison Realty Capital, which has financed several new developments in Queens in recent months. “In Long Island City, you can do that because you don’t have the same height restrictions.”

Lightstone’s Hochberg said Queens offered his firm the chance to make just one large acquisition rather than assembling a site, which can take years in Manhattan and trendy areas of Brooklyn. And because the sites are larger, he said, construction in Queens is also easier.