The Real Deal New York

Kenny Liu plans 50-unit condo building in Rego Park

Developer also behind two resi projects in Flushing

September 28, 2015 02:55PM
By Rey Mashayekhi

97-45 63rd Drive Queens

97-45 63rd Drive in Rego Park

Developer Kenny Liu’s latest Queens residential project will sprout in Rego Park, where he’s planning a 50-unit condominium building, according to a permit application filed with the city’s Department of Buildings Monday.

The new seven-story, 53,000-square-foot building at 97-45 63rd Drive would replace a row of multifamily homes on the site, located near Vornado Realty Trust’s Rego Center retail mall.

The property would feature a 12,000-square-foot health care facility on the first and second floors, as well as 41,000 square feet of residential space. The building would house two apartments on the first floor and 10 units on each of the third through sixth floors, while the seventh floor would hold six apartments and two duplexes extending to a penthouse level.

The project would also include a rooftop recreation area for residents as well as a 24-car garage. Queens-based Angelo Ng + Anthony Ng Architects Studio is the architect of record.

Liu confirmed the filing, which is one of three recent condo developments he’s undertaken in Queens. The other two projects, at 132-15 41st Avenue and 142-38 37th Avenue in Flushing, collectively span 115,000 square feet.

The developer assembled the five-parcel Rego Park site between February and August of this year for $6.1 million, according to property records. Permit applications to demolish the five residential properties on the site were filed in August.

Rego Park’s viability as a residential destination has increased in recent years, with Liu among several developers bringing new supply into the neighborhood. Vornado is leading the way with the Alexander at Rego Center, a 27-story, 312-unit building rising above its retail mall.