Tag Archives: MoMA PS 1

LIC taxi lot sells for $43.5M, 186-unit luxury residential tower coming


| lguerre@queenscourier.com

Photos courtesy Eastern Consolidated

Since the huge development site at 22-12 Jackson Ave. in Long Island City was listed last year by Eastern Consolidated, many have anticipated an equally large sale and a big project to be announced.

That announcement came Monday as Adam America Real Estate closed on the site for $43.5 million and plans to develop a 186-unit luxury residential condo tower on the lot, Eastern Consolidated said. The property was originally asking for $53.5 million back in November.

Adam America plans to raze the property on the site, which has 33,900 square feet and is currently occupied by a taxi company, for the new tower.

Plans have yet to be filed with the Department of Buildings, but the new luxury development is planned to be 11 stories with 210,000 square feet, including 5,000 square feet of ground-floor retail. Architecture firm ODA will be designing the building and Issac & Stern Architects will be the architect of record.

“Adam America will deliver a new luxury condominium tower, which will be extremely well received by the market given its prime, central location and convenient access to multiple subway lines,” said Ronald Solarz, executive managing director at Eastern Consolidated. “Long Island City is one of New York’s most exciting, growth markets with incredible demand for additional residential product.”

The new luxury tower will feature various amenities, including a swimming pool, spa, residents lounge, bike storage, storage, a fitness center, children’s playroom, doorman, courtyard and 15,466 square feet of private parking.

The site is around a rapidly transforming section of Long Island City. Across from 22-12 Jackson Ave. is MoMA PS1 and adjacent to it at 22-22 Jackson Ave., construction on the ODA designed 182-unit, mixed-use apartment building is still ongoing.


Also down the block is the site of the former graffiti mecca 5Pointz, which is also being transformed into a huge 1.2-million-square-foot residential complex.

Nearby is One Court Square, which is reportedly on the market, and Tishman Speyer has announced plans to construct a 1,800-unit residential development on a vacant site in the area as well.

Solarz and Chris Matousek represented both the buyer and the seller, Diamond Service Corporation, in the deal.

 

RECOMMENDED STORIES

Construction progressing on boxy mixed-use building on Jackson Avenue


| lguerre@queenscourier.com

THE COURIER/Photos by Liam La Guerre, renderings courtesy of ODA

Not long ago, foundation work was completed for a 11-story mixed-use residential and retail building in Long Island City.

Now construction work is moving on the ODA-designed project, and the lower levels of the 22-22 Jackson Ave. building are starting to take shape.

A construction poster at the site says the building is due to be completed by the summer of 2015.

The building, which is directly across from the crumbling 5Pointz site and MoMA PS1, will have more than 5,500 square feet of retail space and 175 rental units, according to filings with the Buildings Department.

It will feature an exposed concrete façade, a two-story lobby with lounge and library spaces, a gym, an indoor pool and a roof deck, according to ODA’s website.


RECOMMENDED STORIES 

American Folk Art Museum opening LIC annex


| aaltamirano@queenscourier.com

photo-1-1

The Long Island City art scene will soon welcome a new neighbor, according to published reports.

The American Folk Art Museum, located at 2 Lincoln Square in Manhattan, is looking to open a 17,000-square-foot annex in the western Queens neighborhood near the LaGuardia Performing Arts CenterThe New York Times reported.

It will contain the museum’s collection, library and provide additional room for exhibitions, with a 2,000 square-foot exhibit hall, the publication said.

“We think it’s a real opportunity to share pieces for which we often get inquiries,” Anne-Imelda Radice, American Folk Art Museum’s director, told The Times. “And Queens is a great location for us.”

The museum’s annex, expected to open in early 2015, will share the neighborhood with many local art institutions including Socrates Sculpture Park and MoMA PS 1.

This is not the first time the American Folk Art Museum and the Museum of Modern Art have shared the same area. The museum was formerly located next door to MoMA in Manhattan, until it had to reportedly move due to financial issues, and MoMA purchased the building in 2011 to create a 100,500-square-foot expansion to its complex.

 

RECOMMENDED STORIES