GDC Properties is hoping to construct townhouse developments at two connecting sites in Long Island City that it recently purchased, according to a published report.
The townhouses will be on 11-22 45th Rd. and 45-35 11th St., the Commercial Observer reported.
The developer snatched up the sites for a combined $44 million. Eunhasu Corporation sold a one-story warehouse at 45th Road to GDC for $37 million and Kyu Heung Park sold a factory on 11th Street to the firm for $7 million, according to city records.
According to the Observer, GDC expects the townhouses to be complete in 18 months.
Demolition permits have already been filed with the Department of Buildings for the existing structures on both sites.