Lily Guo, Chatham to bring $48M LIC condo project to market

The 42-unit building is rising at 46-20 11th Street

New York /
Dec.December 13, 2017 05:10 PM

Lily Guo and a rendering of 46-20 11th Street (Credit: Raymond Chan Architects)

Flushing-based Lily Guo submitted a condominium offering plan for 46-20 11th Street in Long Island City, records with the New York state Attorney General’s office show.

The development partnership, which includes Harvey Gessin’s Chatham Development, plans to bring 42 condo apartments to market with a total project sellout price of $48.1 million.

Guo is the president of the American Regional Center for Entrepreneurs, a company that raises money for real estate projects through the EB-5 visa program.  Neither she or Gessin was immediately available to comment on the project.

Construction plans for the 46-20 11th Street were approved by the Department of Buildings in January, and call for a seven-floor, 40,000-square-foot property designed by Raymond Chan.

A two-story building on the site was slated for demolition in May. Renderings for the new building surfaced in August.


Related Articles

arrow_forward_ios
(Illustration by The Real Deal with Getty Images)
NJ town concocts new excuse for rejecting affordable housing
NJ town concocts new excuse for rejecting affordable housing
A photo illustration depicting the massive changes at 2797 Atlantic Avenue (Google Maps, Getty Images)
Church plans 343 apartments in East New York
Church plans 343 apartments in East New York
Suburbanites with pitchforks as two hands ripping building plans
Suburban Nimbys oppose more housing. Do they have a point?
Suburban Nimbys oppose more housing. Do they have a point?
From left: Silverstein Properties' Larry Silverstein and New York City Councilmember Julie Won along with a rendering of Innovation QNS (Getty Images, Julie Won for City Council, Innovation QNS Official Site)
Silverstein’s Astoria megaproject ups affordable housing commitment
Silverstein’s Astoria megaproject ups affordable housing commitment
1 Geoffrey Way in Wayne NJ (Loopnet, Getty)
Homes are us? Passaic County weighs dev plans for ex-Toys R Us HQ
Homes are us? Passaic County weighs dev plans for ex-Toys R Us HQ
Cornerstone Structures' James Guerriero and 201 North Division Street in Peekskill, New York (LinkedIn/James Guerriero, Google Maps)
Developer proposes 125-unit project in Peekskill
Developer proposes 125-unit project in Peekskill
MR Property Builders' Rich Rauff and 45th Street between Pacific and Prospect Streets in Copiague (Getty Images, Google Maps, MR Property Builders)
Honey, they shrunk the housing: Long Island project withers
Honey, they shrunk the housing: Long Island project withers
(Photo Illustration by The Real Deal with Getty Images)
Lumber prices splinter amid rising interest rates
Lumber prices splinter amid rising interest rates
arrow_forward_ios

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

Loading...