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

[NYguy]

Originally Posted by Busy Bee

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.

That configuration probably helped with the floorplans of the towers. But by DOB Standards, the firewall would also account for a separation in buildings.

From most angles it will probably appear as one wider tower though.

[Crawford]

Nice, two new near-700 ft. towers added to the party in LIC. And yeah, I hope this means additional transit improvements.

[NYguy]

I like the idea of density, especially in New York City. So I'm glad LIC is filling in more and more. I still would like to see the next step, with maybe some type of destination retail, or restaurants and theaters to attract more people into the area.

[BuildThemTaller]

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.

Good news: The G platform now has an elevator connection.

https://twitter.com/MTA/status/168245661...uKi5k8llQeuxicV6DNhpbtRaOkh4S0OyRllbtcy0

[Doubleu1117]

This is quite a tight lot to be putting up a 500 and 600 footer. Demolition has been complete across both, I wonder which project gets going first.



45-03 23rd Street | 544 FT left
24-05 Jackson Ave | 676 FT right

[BuildThemTaller]

Originally Posted by Doubleu1117

This is quite a tight lot to be putting up a 500 and 600 footer. Demolition has been complete across both, I wonder which project gets going first.



45-03 23rd Street | 544 FT left
24-05 Jackson Ave | 676 FT right

My understanding from the posts from NYGuy is that the white tower on the left is not going to be built. That was a previous proposal and is dead. It's the black tower on the right, or rather two towers that sort of look like a single tower, that will be built. Is that right?

[NYguy]

I believe that is correct, unless the developer is planning 3 towers.

[BuildThemTaller]

Stumbled upon this new render on the Charney Company website:

Sitting in one of New York’s fastest growing neighborhoods, Long Island City, Charney Companies is co-developing a 53-Story residential and commercial tower in conjunction with Tavros Capital Partners. The Project site is directly adjacent to the Court Square subway station and a 5-minute walk from the Queensboro Plaza subway station, which together provide access to 6 subway lines and a gateway to virtually all of Manhattan: Grand Central Station, Bryant Park, Midtown South, and Flatiron, Chelsea, Penn Station, Midtown West, the revitalized Financial District, DUMBO and Downtown Brooklyn, and the new 18 million SF Hudson Yards development. The Project is also the westernmost under-developed assemblage with 15.0x floor-area-ratio (“FAR”) zoning in Long Island City, creating an unparalleled large-scale development opportunity with protected light, air and direct waterfront and Manhattan Skyline views. Demolition has already been completed and foundations will start in late 2024

That timeline seems a little off as I haven't noticed any foundation work lately. https://charneycompanies.com/development/

[Busy Bee]

Nice rendering.

Also, unless it's just artistic liberty, it looks like the little holdout on the corner facing 23rd has been absorbed into the development.

[BuildThemTaller]

Originally Posted by Busy Bee

Nice rendering.

Also, unless it's just artistic liberty, it looks like the little holdout on the corner facing 23rd has been absorbed into the development.

That looks like an artistically placed tree to me.

[NYguy]

A pleasant design. Better than a lot of stuff that went up in LIC.

[ChiND]

This looks great!

[NYguy]

https://commercialobserver.com/2025/06/525m-construction-financing-long-island-city-condo-tower/

Madison Realty Capital Leads $525M Financing for Long Island City Resi Tower Build
Developers for 55-story condo project added a $100 million preferred equity investment from Kushner Companies as part of the deal. .


BY ANDREW COEN
JUNE 10, 2025

Developers Tavros Capital and Charney Companies in partnership with Incoco Capital have landed $525 million of construction financing plus a new equity partner for their 55-story residential tower project in Long Island City, Queens, Commercial Observer has learned.

Madison Realty Capital provided a $425 million loan for the 600-unit condominium project at 24-19 Jackson Avenue in Long Island City’s Court Square area, according to the development team. Kushner Companies and its capital partner, OneIm, also supplied a $100 million preferred equity investment as part of the deal that closed Tuesday afternoon.

In addition to the residential component, the FX Collective-designed development will also include roughly 80,000 square feet of retail space featuring Chelsea Piers Fitness and Whole Foods. Chelsea Piers Fitness inked a 72,000-square-foot lease at the property in July 2023.

Justin Pelsinger, chief operating officer at Charney Companies, noted that the COVID-19 pandemic led to hotel plans at the site getting scrapped, which created a unique opportunity for a large-scale mixed-use development.

“What that allowed for was these massive floor plates, which brought in Whole Foods, and Chelsea Piers, which are going to turn into these unbelievable amenities for the area that, frankly, couldn’t have really happened had we not combined the two sites and created a 30,000-square-foot floor plate,” Pelsinger told CO. “All in all, it actually ends up working out for the better and to create a significantly improved site, not just for the owners but also residents and people in the area.

The project is set to break ground this month and is slated for completion in spring 2028. Community amenities in the building have not been announced.

[BuildThemTaller]

Great news! I go past this lot all the time and noticed new fencing recently. I'm glad to see that it will finally be developed. With all the towers up near Queensboro Plaza nearing the finish mark, this was one of the next major lots to be developed.

[Crawford]

And the addition of Whole Foods & Chelsea Piers will be huge for LIC's residential demand.

[BuildThemTaller]

Originally Posted by Crawford

And the addition of Whole Foods & Chelsea Piers will be huge for LIC's residential demand.

Yeah I don't think LIC needs any additional juice for its residential demand. If anything, this will help with commercial demand. There are a ton of restaurants in the neighborhood but few shops. Whole Foods and Chelsea Piers may attract more people that will stop off at Court Square on the way to/from Western Queens and Manhattan. What this neighborhood needs is more shops. There aren't any places to buy clothes, for example.

[chris08876]

Credit: AndreyD

[chris08876]

Development Trio Breaks Ground on Long Island City Condo Tower

Incoco Capital, Tavros and Charney Cos. have celebrated the groundbreaking of a 55-story condominium tower in Long Island City, N.Y.

The development, currently unnamed, will rise along the Court Square area of the city and is expected to come online in 2028.

The news comes after the development partners recently secured $535 million in construction funds. Madison Realty, Kushner Cos. and OneIM originated the loan in a deal arranged by Greystone Capital Advisors.

FXCollaborative designed the 700,000-square-foot skyscraper. Set to include 636 units, the building will rise at 24-19 Jackson Ave. and 45-03 23rd St. Floorplans will include studios and one- to four-bedroom apartment units. Amenities will feature a rooftop with a swimming pool, tenant lounge spaces and bike storage. The tower’s podium will also include a 75,000-square-foot Whole Foods store and a Chelsea Piers Fitness center.

Charney Cos. and Tavros spent years assembling the development site for this project, starting by acquiring seven townhouse properties along with air rights from two other buildings in 2016. The property collection was completed in 2022, when Incoco Capital bought additional land from Toyoko, a Japanese hotel chain, thus doubling the size of the original development site.

The condo high-rise will rise in the Court Square area, a transit hub located near the 7, G, E, M, N and R subway lines, allowing easy access to Queens, Brooklyn and Manhattan. Situated in an area with multiple restaurants, retail options, green spaces and museums such as MoMA PS1, the tower is within 3 miles from Midtown Manhattan, 7 miles from the Financial District and 14 miles from John F. Kennedy International Airport.

=================
https://www.multihousingnews.com/development-trio-breaks-ground-on-long-island-condo-tower/

[chris08876]

Credit: psylock

[fleonzo]

Originally Posted by chris08876

Credit: psylock

FYI- I drove by there last night and they closed off the side walk and started a street barrier. This should probably be put into the Under Construction thread.