Oh how the mighty have fallen, from 1,000 feet to 768 feet to be precise. We’re talking about the Court Square City View Tower, once slated to become the first supertall outside of Manhattan. However, due to a FAA determination, the City View Tower will have to settle for merely being the first building taller than the 658 foot One Court Square, aka the “Big Green Citibank Building in Long Island City”.
Being inside a 421a geographic exclusion zone and seeing new construction is like a bag of candy on Halloween. When I was walking down 44th Drive towards Jackson Avenue, I was more captivated by what was happening to my left (away from 27-19 44th) than the construction mess that was on my right. As luck would have it, 27-19 44th Drive is a legit 421-a building in a geographic exclusion area. You know what that means – rent stabilization AND affordable units! Take a look at the Department of Finance tax benefit stats:
Although the new Gotham Towers, as they are colloquially known, are not residential projects, their proximity to one of the fastest growing communities in the Big Apple merits an update. As of November 11, 2017, work is forging ahead with workers pouring cement for the second story flooring at 28-07 Jackson Avenue (aka Gotham Towers). The area was bustling with construction workers, local residents, and visitors alike. Across the street, work was forging ahead with Tishman Speyer’s an H&R Real Estate Investment Trust’s other massive project, 28-02/28-10 Jackson Avenue.
We came across another residential project where the original, more historic, facade is undergoing integration into a new structure. This project, located at 24-16 Queens Plaza South in Long Island City, seems to have gone under several iterations before settling on a plan of integration. For example, original DOB records indicated the full demolition of the original five story “Department of Commerce” structure. However, the most recent plans that were approved by DOB clearly show the new structure and 1925 structure co-existing.