Fetner, Lions Group and city take next steps for LIC affordable housing complex

Filing may be for one of two buildings at Queens site

TRD New York /
Apr.April 26, 2019 03:00 PM
The development site and rendering of 27-01 Jackson Avenue

The development site and rendering of 27-01 Jackson Avenue

Fetner Properties and Lions Group NYC are moving forward with their plans for a new mixed-use complex in Long Island City.

The partners pre-filed an application with the city to convert a vacant lot at 27-01 Jackson Avenue into a 27-story tower with 139 residential units, a portion of which will be affordable, and retail space on the first floor.

The project, which will also have a second building, is a partnership with the city’s Department of Housing Preservation and Development and the Department of Citywide Administrative Services.

The building’s total size would cover some 191,700 square feet, with 91 parking spaces across the first three levels and residential units starting on the sixth floor.

Fetner and Lions did not immediately return requests for comment.

The tower is one of two planned as part of the project for Jackson Avenue, located near the Queensboro Bridge approach ramps.

Plans for the other, at 26-32 Jackson Avenue, have yet to be filed with the building department. That building will be 49 stories tall with about 249 market-rate and 112 affordable apartments.

Both buildings went through the city’s Uniform Land Use Review Procedure, receiving final approval in December.

The city sold about 362,700 square feet of air space to the developers in exchange for the affordability component and a cash payment based on the average square foot rates for local residential sales, according to New York Law School’s CityLand.


Related Articles

arrow_forward_ios
L&L MAG CEO MaryAnne Gilmartin, 44-02 Vernon Boulevard in Long Island City and Douglas Durst (Credit: Google Maps)

Durst deadlocked with owners of prime LIC site

29-28 41st Street, and from left: Arik Lifshitz Amit Doshi, Adan Elias Kornfeld, Jonathan Shainberg and David Schechtman (Credit: Google Maps)

Long Island City building fetches $47M in wake of rent law

From left: The Blau and Berg Company's Karine Blanc, TD and Partners' Nana Duncan and Lemor Development Group's Kenneth Morrison (Credit: Blauberg, TD+Partners and Lemor)

Black developers say partnerships aren’t always equal

Rendering of the Staybridge Suites at 38-59 11th Street

Long Island City hotel project moves forward with construction loan

85 4th Avenue in Brooklyn (Credit: Google Maps)

New details of Boerum Hill’s next big project unveiled

TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone’s Prospect Heights two-tower project unveiled

42-50 24th Street and (from left) Arnold, Kenneth, Steven and Winston Fisher (Credit: Google Maps)

Fisher Bros. wants to bring a 240-unit mixed-use project to LIC

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

arrow_forward_ios