Rental in Long Island City 29-28 41st Avenue 901 3,500 NO FEE. Rental in Long Island City 29-28 41st Avenue 901. The City Council approved the project last November, but some wondered whether the developer would flip the property instead of pushing forward with construction, for which the city required expensive union labor. 11-14 46 AVENUE 2E is a rental unit in Hunters Point, Queens priced at 3,250. While this project has mostly flown under the radar, Alma made headlines last year for its controversial negotiations with the city over Astoria Cove, a 1,700-unit development nearby where 460 units will be set aside for affordable housing. Location 5-25 46th Street Off-Market 5-25 46th Street, Long Island City, NY 11101 Property Type Industrial - Warehouse/Distribution Property Size 46,600 SF Lot Size 1. The project may also include “a landscaped public walkway along a riverfront promenade” that would connect to Rainey Park next door, per the architect’s website.Ĭonstruction signage predicts the buildings will be finished in May 2016. In exchange, Alma probably had to set aside 20% of the units as affordable. This development was made possible by an upzoning from R5 to R7-1 sometime in the late 2000s during the Bloomberg administration. The developer took over the property for an undisclosed amount in 2001, and has been trying to build on the site since 2008, according to this 2010 article from The Real Deal. The property spans a full block between 34th and 35th Avenues, bookended by the sizable Ravenswood Generating Station to the south and Rainey Park to the north. 34-46 Vernon Boulevard, rendering by Raymond Chan ArchitectĪlma first filed plans for the development, once called Alma Towers, back in 2012.

5 46 46 avenue long island city