A look at Charney’s new 11-story LIC condo project

The Jackson is slated to be completed spring 2017

New York /
Feb.February 23, 2016 08:30 AM

“Luxurious affordability.” That’s how Sam Charney, one of the developers of a 11-story, 56-unit condominium building now under construction in Long Island City, deemed the pricing.

Charney Construction & Development, Ascent Development and Tavros Capital are developing the 70,000-square-foot project, called the Jackson, at 13-33 Jackson Avenue. The development’s previous address was 11-51 47th Avenue.

The condos are priced to appeal to a wide range of buyers, the New York Times reported. One-bedrooms, which range from 600 to 700 square feet, go from $600,000 to $900,000. The 850- to 1,000-square-feet two-bedrooms are from $900,000 to $1.8 million, with three-bedrooms ranging from $1.3 million to $4 million for pads that will run from 1,200 to 1,600 square feet. Penthouses are also up for sale, with the largest at 1,900 square feet and will be priced around $4 million.

New renderings show architect Fogarty Finger paid homage to the neighborhood’s industrial roots, turning the former parking lot and two-story building into a silver-etched building with oversized windows. The building will feature a fitness center, children’s playroom, rooftop lounge and bike parking.

Rezoning in 2001 triggered a residential development craze in Court Square and nearby Queens Plaza. Recently, Flushing-based developer Chris Jiashu Xu filed plans for a 79-story residential tower at 23-15 44th Drive, just north of One Court Square.

Sales for the Jackson are slated to launch in March and the building is expected to be finished by spring 2017. Modern Spaces is marketing the building. [NYT]Dusica Sue Malesevic


Related Articles

arrow_forward_ios
Blackstone's Kathleen McCarthy and Ken Caplan with 31-30 Hunters Point Avenue in Long Island City (Blackstone, Google Maps)
Blackstone picks up LIC warehouses for $37.5M
Blackstone picks up LIC warehouses for $37.5M
Common CEO Brad Hargreaves, Simon Baron Development president Matthew Baron and ALTA. (ALTA, General Assembly, Simon Baron)
Common takes over operations at Simon Baron’s LIC co-living tower
Common takes over operations at Simon Baron’s LIC co-living tower
Abraham Merchant of Merchants Hospitality, 11-01 43rd Avenue and Frank Brosens of Taconic (Merchants Hospitality, Getty, Savanna Rooftop)
Merchants Hospitality sells dormant LIC hotel for $38M
Merchants Hospitality sells dormant LIC hotel for $38M
Ascent Development's Tien Vominh and a rendering of the project at at 45-30 Pearson Street (Ascent Development)
Ascent nabs $48M construction loan for LIC condos
Ascent nabs $48M construction loan for LIC condos
Vorea's Peter Papamichael. (Google Maps, Vorea Group)
LIC development site under contract
LIC development site under contract
David Wolkoff of G&M Realty. (Getty, 5Pointz LIC)
Wolkoff family firm snags $350M loan for 5Pointz
Wolkoff family firm snags $350M loan for 5Pointz
Innovo Property Group's Andrew Chung with 23-30 Borden Avenue in Long Island City (Google Maps)
Innovo lands $155M construction loan for LIC warehouse
Innovo lands $155M construction loan for LIC warehouse
Chris Jiashu Xu and Long Island City's Skyline Tower. (Skyline Tower)
Closings underway at Queens’ tallest building
Closings underway at Queens’ tallest building
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...