Emmes Asset Management recently bought an old Long Island City zipper factory for $13.5 million, and will begin renovating it to lease as a mixed-use office and ground-floor retail building.
The renovation of the four-story former factory at 47-16 Austell Pl. is expected to be completed by the fall of this year.
Building renovations include a new façade, lighting, flooring, and development of a rooftop space with views of the Manhattan skyline.
The former zipper factory is the latest Queens building Emmes has purchased to convert to office space.
Last year, the Manhattan-based firm paid about $30 million to buy Astoria events hall Studio Square from S Hospitality Group and converted it to Offices at the Square, a mixed-use office and commercial space.