Greystone Development has begun construction on a 23-story, 117-unit rental tower in booming Long Island City. The 105,000-square-foot venture will be the firm’s first in Queens and is sited at the foot of the Ed Koch Queensboro Bridge at 24-16 Queens Plaza South. Greystone acquired the property for $23 million last year according to the Real Deal.
Greystone tapped the global architecture firm of Woods Bagot to mold the design. A preliminary rendering shows that the exterior of the existing 5-story building will be salvaged and a graceful modern addition will rise above. Horizontal spandrel areas will grow into balconies and morph from floor to floor — resulting in a dynamic undulating form a la Studio Gang’s Aqua Tower in Chicago.
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Citi Habitats will be the exclusive leasing agent for the property. There will no more than six apartments per floor and west-facing units will provide exceptional views of Manhattan and the Queensboro Bridge. Within the building's base, there will be ground-level retail and 11,000 square feet of amenities spread across four floors. There will be an outdoor pool, roof terrace, fitness center, private dining spaces, a lounge, screening area, game room and co-working space.
The building is across Crescent Street from the newly-opened rental, Luna and adjacent to The Independent. Above Queens Plaza South is the Queensboro Plaza train station with access to the 7, N and Q subway lines that can whisk commuters into Midtown in minutes.
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