ArchiWise tracks 15 stories about real estate, zoning, permitting, and policy in Queens County, New York. We surface the local decisions (rezonings, council debates, infrastructure investment, hazard mapping updates) that change how property gets built and bought. Updated as new coverage publishes.
Winspire Development secured $36.2 million in construction financing for a 41-unit condominium building in Long Island City, Queens. The loan was arranged by Arrow Real Estate Advisors and provided by BridgeCity Capital.
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Stimdel Properties, an affiliate of HC Corporation, has submitted rezoning plans to the New York City Department of City Planning for five mixed-use buildings in Astoria, Queens, featuring 612 apartments and commercial space. A portion of the units will be designated as affordable housing.
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Sitex Group has obtained a $39.4 million loan from Lake Forest Bank & Trust Company to refinance its 146,583-square-foot industrial outdoor storage asset located in Maspeth, Queens. The property, acquired for $50 million in 2021, is leased by the New York City Fire Department.
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Gravity Fitness has signed a long-term lease for 23,000 square feet at Muss Development's Flushing Plaza in Downtown Flushing, Queens, with plans to open a new gym location by mid-2027, adding a significant health and wellness option to the area.
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Kayla Lee, a leading broker with Serhant, shares insights into her specialization in Long Island City's residential market, detailing her work on significant condo conversion projects and her extensive sales record.
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Daryl Hagler's entity, CDK 3-50 St. Nicholas, has acquired the embattled mixed-use tower at 3-50 St. Nicholas Avenue in Ridgewood, Queens, for $75.8 million. The transaction includes assuming $75 million in existing mortgages for the project, which faced significant legal and construction challenges.
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Across the River Realty Development has filed plans with the New York City Planning Commission for a 20-story residential building at 31-29 Vernon Boulevard, seeking amendments to current height restrictions to accommodate 402 new housing units, including affordable apartments.
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President Donald Trump and New York Mayor Zohran Mamdani are progressing discussions for a large-scale affordable housing project at Sunnyside Yards in Queens, aiming to deliver 12,000 units that require significant federal approvals and funding.
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Avison Young's capital markets team successfully arranged significant agency financing for Rockrose Development's 301-unit apartment building, part of the larger Eagle Lofts Collection in Long Island City, Queens.
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Vaja Group has purchased a 29,638-square-foot site at 24-41 31st Street in Astoria, Queens, for $26.39 million, with plans to develop a 108-unit mixed-use building. This acquisition leverages the 2022 31st Street–Hoyt Avenue rezoning, which opened the corridor for new mixed-use developments.
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Dallas-based Ground Lease REIT, an affiliate of Montgomery Street Partners, has purchased a Long Island City waterfront warehouse from the Holterbosch family for $95 million, marking a significant transaction in the transforming Queens neighborhood.
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Rockrose Development's 301-unit Eagle Lofts Collection, Phase 2, in Long Island City's Court Square neighborhood, secured agency-backed debt from Wells Fargo Multifamily Capital. This financing supports a recently completed project with a significant affordable housing component.
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Municipal Credit Union has finalized a 15-year lease for a ground-floor retail space at 162-15 Jamaica Avenue with asking rents exceeding $100 per square foot.
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Innovo Property Group has secured two major industrial leases totaling 231,000 square feet at 28-90 Review Avenue in Queens. Roadway Moving and Spanish manufacturer Contenur took large floor plates at the six-story multi-tenant facility.
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Longfellow Real Estate Partners has completed the sale of its Hatch Life Sciences Building in Long Island City, Queens, for $86.9 million to Pearl Realty Management. This transaction marks a significant deal for the specialized asset class in New York City's dynamic market.
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