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Old December 22nd, 2015, 10:20 PM   #1
desertpunk
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NEW YORK | 42-50 24th St. | ~100m | ~300ft | ? fl | Pro

A highrise developer has just acquired a prime development site in Long Island City:

Developers Acquire Mixed-Use Development Site At 42-50 24th Street, Long Island City

Quote:
11:00 am on December 22, 2015 By Reid Wilson


Property Markets Group and the Hakim Organization have purchased the roughly 34,000 square-foot property at 42-50 24th Street, in the Queens Plaza section of Long Island City, for $69 million. The site boasts approximately 270,000 square feet of development rights that could go towards a mixed-use project. The property is currently occupied by a taxi company and their old single-story building, although plans for the future have not been disclosed, per The Real Deal. The same developers recently topped out their 44-story, 391-unit mixed-use project a block to the north at 23-10 Queens Plaza South.
at 270K buildable sq. ft., a tall highrise is imminent...
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