NEW YORK | 24–19 Jackson Avenue | 676 FT | 55 FLOORS - Page 5

BuildThemTaller · #81 Posted **Aug 5, 2022, 1:20 PM**

That is exciting news. I was waiting for someone to purchase and tear down the small 2-story commercial building on the corner there where the Santander bank was located. The bank closed over the winter, but it appears a small Japanese home goods and retail store is opening soon. I suppose this tower will be built on just the parcel where the Toyoko Inn was planned. A condo project had been planned and demo conducted on the adjacent lot along 23rd. It would be exciting if both projects started soon.

chris08876 · #82 Posted **Aug 11, 2022, 10:12 PM**

JV Plans 55-Story Mixed-Use Tower in Long Island City

August 08, 2022 at 06:42 AM

Quote:

Tavros Capital and Charney Companies have closed on the acquisition for $68.3M of a Jackson Avenue development site in Long Island City where the partners are planning to build a 55-story mixed-used tower with up to 600 apartments and 90K of retail and offices.

The partners are combining the property, located at 24-19 Jackson Avenue, with a neighboring parcel that they own at 45-03 23rd Street to create a site large enough for the high-rise, which will become the one of the tallest residential towers in Queens.

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https://www.globest.com/2022/08/08/jv-pl...ong-island-city/?slreturn=20220711181216

chris08876 · #83 Posted **Aug 11, 2022, 10:16 PM**

A little more backdrop: August 04, 2022

= = = = =

Tavros, Charney plan 55-story rental on long-stalled site

Quote:

A Long Island City site where a developer once envisioned Queens’ largest hotel could soon give rise to one of the borough’s tallest apartment towers instead.

Tavros Capital and Charney Companies closed on the long-stalled development site at 24-19 Jackson Avenue for $68.3 million, records show.
Together with a neighboring parcel owned by Tavros and Charney at 45-03 23rd Street, the property forms a triangular assemblage in the neighborhood’s Court Square area, where the joint venture plans a 55-story mixed-use tower with 600 apartments and 90,000 square feet of retail and offices, a Tavros representative told The Real Deal.

Seller Toyoko Inn, a Japanese hotel operator, spent $26 million cobbling together the assemblage between 2007 and 2014, eventually filing plans for a 50-story, 1,200-key hotel, which would have been its first in the U.S. and the largest in the outer boroughs.

But the hotel project never got off the ground, and after the City Council passed a measure last December requiring developers to obtain special permits before constructing new hotels, Toyoko Inn put the property on the market in January, hoping to get around $60 million for it.

A CBRE team led by Dan Kaplan represented the Toyoko Inn in the sale to Tavros and Charney, which went into contract in May. Work on the joint venture’s apartment tower has already begun: The project qualified for the 421a tax abatement because foundation work was done before the tax break lapsed in June, the developers said.

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https://therealdeal.com/2022/08/04/tavro...ntal-tower-on-long-stalled-lic-dev-site/

NYguy · #84 Posted **Aug 12, 2022, 1:21 PM**

^ I think that may be this one

https://skyscraperpage.com/forum/showthread.php?t=173102

NYguy · #85 Posted **Sep 26, 2022, 5:58 PM**

https://www.prnewswire.com/news-releases...ents-with-tavros-holdings-301632060.html

INCOCO CAPITAL ANNOUNCES INVESTMENTS WITH TAVROS HOLDINGS

Sept 23, 2022

Quote:

The company partnered with Tavros Holdings, LLC ("Tavros") to acquire a trophy development site located at 24-19 Jackson Ave in the Court Square submarket of Long Island City for $68.3 million. INCOCO and Tavros will combine the acquired site with the neighboring lots currently owned by Tavros and co-develop the aggregated site into a 55-story Class A mixed-used tower with more than 600 apartments and 90,000-square feet of commercial space.

The project is located one block from the Court Square subway station and is one of the most transportation and commuter friendly locations in the outer boroughs of New York City. In connection with the project's construction, the development team has partnered with the MTA to improve the subway infrastructure in Long Island City. Once the building is completed it will enjoy proximity to the nearby parks, shopping, cafes, restaurants, views and a myriad of water activities in the East River.

“After a six-year assemblage process, we are delighted to begin work at our Long Island City project," said Nicholas Silvers, founding partner of Tavros Holdings. "Our valued relationship with INCOCO has been crucial in completing the acquisition of what we believe to be the single best development site in Long Island City. To share our work together is a real honor."

BuildThemTaller · #86 Posted **Sep 26, 2022, 8:03 PM**

My main question around this one is the footprint of the building. The image above shows the entire triangle lot will be part of the tower.

The east corner is a 2-story commercial building that has a brand new tenant in the main floor, a Japanese market of some kind.

The northwest corner is a holdout residential property at 45-01 23rd St. When the rest of the row houses along that stretch of 23rd were razed a year or two ago, 45-01 was the one left standing. Did that finally get included in the property or is that going to remain as-is?

NYguy · #87 Posted **Sep 27, 2022, 11:06 AM**

Whatever is in the new plans is what they will build.

chris08876 · #88 Posted **Sep 27, 2022, 12:18 PM**

Hopefully now that the acquisition is complete we will see some quick movement on this. LIC is hot!

I do on a side note question the unit counts. Not that 600 is low but would be nice to amp the number up. Even though there is a 90k commercial aspect, units seem underwhelming given the site foot print.

BuildThemTaller · #89 Posted **Sep 27, 2022, 1:34 PM**

Quote:

Originally Posted by chris08876

Hopefully now that the acquisition is complete we will see some quick movement on this. LIC is hot!

I do on a side note question the unit counts. Not that 600 is low but would be nice to amp the number up. Even though there is a 90k commercial aspect, units seem underwhelming given the site foot print.

I think the footprint is smaller than the image on the last page. They must not have acquired the eastern corner.

NYguy · #90 Posted **Jun 28, 2023, 2:31 AM**

This FAA study suggests that this will be two 54-story buildings at 676 ft....

https://oeaaa.faa.gov/oeaaa/external/searchAction.jsp?action=displayOECase&oeCaseID=573895691&row=3

Quote:

Structure Type: High Rise/Sky Scraper

Structure Height: 676

Description of Proposal: Two 54-story mixed use buildings

Busy Bee · #91 Posted **Jun 28, 2023, 3:23 AM**

It takes two baby...

Nice.

NYguy · #92 Posted **Jun 28, 2023, 3:27 AM**

Did a little digging to find out more on what's finally happening, and the FAA information is correct.

Long Island City is heating up again with some major developments in a relatively small area...

Busy Bee · #93 Posted **Jun 28, 2023, 3:37 AM**

I was thinking a connection like that was likely the explanation. The site is just too small to have two independent towers that close to each other. You could reach out and touch the other in that situation.

These look promising. Great news. This site has taken its time getting developed.

Busy Bee · #94 Posted **Jun 28, 2023, 3:43 AM**

What's the deal with the soil here? It's talking about a 6' mat slab foundation without a basement.

Busy Bee · #95 Posted **Jun 28, 2023, 2:28 PM**

The Court Square (G) platforms are not handicapped accessible. They say it's planned but it would make a ton more sense to just house the entire entry and transfer concourse between the (G) station and the elevated (7) station in the base of this new development. The only issue is that glass tumor thing with the escalator is only about ten years old. Would be nice if all that could be cleaned up though and a short bridge for the (7) station connect to the new development to get everything off the sidewalk.

BuildThemTaller · #96 Posted **Jun 28, 2023, 2:32 PM**

I was wondering when we would see a render of this thing(s). I like that it's not another blue box and should help connect the old Citi Tower to 5 Pointz. Adding a big retail base right there at Court Square makes a lot of sense, too. This looks better than whatever Toyoko was planning to build here many years ago.

So it's two towers but they share a central core of elevators and mechanical floors?

BuildThemTaller · #97 Posted **Jun 28, 2023, 2:45 PM**

Quote:

Originally Posted by Busy Bee

The Court Square (G) platforms are not handicapped accessible. They say it's planned but it would make a ton more sense to just house the entire entry and transfer concourse between the (G) station and the elevated (7) station in the base of this new development. The only issue is that glass tumor thing with the escalator is only about ten years old. Would be nice if all that could be cleaned up though and a short bridge for the (7) station connect to the new development to get everything off the sidewalk.

Given the age of the escalator and the existing elevator for the 7, I doubt they would tear those down just to expand the sidewalk (or the lot). They do need to add an elevator down to the G, though. It's crazy (but also not a surprise) they didn't do that when they built the Citi Tower or the renovation to the 7 station at Court Square. The other issue with the G is that, once you get on it, there are only 2 stops that are accessible, at Greenpoint and at the end of the line at Church St.

Busy Bee · #98 Posted **Jun 28, 2023, 2:45 PM**

Quote:

Originally Posted by BuildThemTaller

I was wondering when we would see a render of this thing(s). I like that it's not another blue box and should help connect the old Citi Tower to 5 Pointz. Adding a big retail base right there at Court Square makes a lot of sense, too. This looks better than whatever Toyoko was planning to build here many years ago.

So it's two towers but they share a central core of elevators and mechanical floors?

That's how I understand it. It's a bit perplexing how that's considered 2 separate buildings though. It just seems like a unique architectural and engineering feature of a single building, buy whatever. It should like pretty snazzy.

Busy Bee · #99 Posted **Jun 28, 2023, 2:48 PM**

Quote:

Originally Posted by BuildThemTaller

The other issue with the G is that, once you get on it, there are only 2 stops that are accessible, at Greenpoint and at the end of the line at Church St.

Like the rest of the system that will slowly get better as elevator projects are included in capital programs as well as bonus exchange programs for access easements in adjacent new developments.

BuildThemTaller · #**100** Posted **Jun 28, 2023, 2:55 PM**

Quote:

Originally Posted by Busy Bee

Like the rest of the system that will slowly get better as elevator projects are included in capital programs as well as bonus exchange programs for access easements in adjacent new developments.

True. It's past time the Queensboro Plaza 7/N/W is getting elevators. A development there spurred activity by the MTA to complete the job at the same time.