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Citigroup selling huge LIC development site – QNS.com

Citigroup selling huge LIC development site

THE COURIER/Photo by Liam La Guerre  

Citigroup, which is known for building One Court Square — the city’s tallest building outside Manhattan — is looking to sell a massive development site near the tower, according to a published report.

The nearly one-acre development site in Long Island City, which takes up about half a block and is bounded by 44th Road, 23rd Street and 44th Drive, is being marketed by Jones Lang LaSalle.

The lot has up to 780,000 buildable square feet and could sell for as much as $150 million, according to the New York Times.

Current zoning at the site allows for it to be developed into a mixed-use building with space for residential, retail, hotel or office space.

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