BLDG plans 800K-sf tower in Long Island City

Latest LIC high-rise will include retail space and 60+ floors of residential units

New York /
Jun.June 18, 2021 02:30 PM
BLDG Management founder Lloyd Goldman (iStock)

BLDG Management founder Lloyd Goldman (iStock)

BLDG has its sights set skyward in Long Island City.

Lloyd Goldman’s real estate investment firm has filed a permit application to construct an 800,000-square-foot, 818-unit mixed-use building at 42-02 Orchard Street, along Jackson Avenue.

The tower will feature multiple ground-floor retail spaces and more than 60 floors of residential units, according to the plans. Perkins Eastman will design the 780-foot-tall building, which will also include a swimming pool, gym and lounges, according to PincusCo.

BLDG’s tower will have company. Tishman Speyer’s Jackson Park towers sprawl across two blocks on nearby Jackson Avenue, and Rockrose recently filed permits to erect a 301-unit, 193,534-square-foot mixed-use building down the street.

Goldman’s family has controlled the parcel since at least 1975, according to public records. It was previously held by his father and uncle, Irving and Sol Goldman. BLDG has several other residential developments scattered across the city, including the 41-story Summit tower at 222 East 44th Street and The Montana on the Upper West Side.

Developers are on a hot streak in Long Island City, with SB Development, Ascent and Solomon Feder all landing major new loans for towers in the area.





    Related Articles

    arrow_forward_ios
    JetBlue cancels flight to Florida, keeps HQ in New York City
    JetBlue cancels flight to Florida, keeps HQ in New York City
    JetBlue cancels flight to Florida, keeps HQ in New York City
    Plant Prefab CEO Steve Glenn (Plant Prefab)
    Homebuilder Plant Prefab nabs Series B funding, eyes 3rd factory
    Homebuilder Plant Prefab nabs Series B funding, eyes 3rd factory
    45 South Grove St in East Orange (Rendering via Progress Capital)
    Hero Construction lands $20M loan to build East Orange apartments
    Hero Construction lands $20M loan to build East Orange apartments
    The rise of e-commerce, fueled by the pandemic, has created unprecedented demand for cardboard-producing facilities. (iStock)
    Cardboard demand could fuel an industrial real estate boom
    Cardboard demand could fuel an industrial real estate boom
    Revitalization Initiatives for the Hampton Bays (South Hampton Town Gov.)
    NIMBYs plague rezonings in the Hamptons, too
    NIMBYs plague rezonings in the Hamptons, too
    Atlas Hospitality Managing Member Raj Guru and Vinod Chand with 711 Seventh Avenue (Atlas, Google Maps)
    Atlas plans 401-room hotel at 711 Seventh Avenue
    Atlas plans 401-room hotel at 711 Seventh Avenue
    Social Construct's co-founders Ben Huh and Michael Yarne (iStock)
    Proptech startup Social Construct shutting down
    Proptech startup Social Construct shutting down
    Nearly $10M settlement for “cooked” SF condo owners
    Nearly $10M settlement for “cooked” SF condo owners
    Nearly $10M settlement for “cooked” SF condo owners
    arrow_forward_ios

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

    Loading...