NEW YORK CITY-A number of high-rise developments that are in the ground or on the drawing board will add thousands of new units to the housing inventory in Queens.
Some of the developments include a 500-foot-tall residential tower being developed by Rockrose Development adjacent to the Citibank Building in Long Island City that when completed in 2016 will be the tallest residential building in Queens.
Five blocks from the Rockrose site, a $500-million development by G&M Realty will feature a pair of 41- and 48-story towers to be built at 5Pointz, according to the New York Daily News. Of course, then there are the two mega projects: a 30-acre planned retail and residential complex for Hunters Point that when finished will include 5,000 new apartments, and the $3-billion Willets Point project, near Flushing Meadows-Corona Park, that will create another 2,500 housing units.
“Queens is undergoing significant economic growth right now,” says city Economic Development Corp. spokeswoman Kate Blumm. “Hunters Point and Willets Point are creating entirely new neighborhoods.” See story in the New York Daily News.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
