CB2 hosts public meeting on residential development at the Parago Paint building in LIC

By Bill Parry

Community Board 2 will hold a public meeting Wednesday to discuss a mega-project that would transform Vernon Boulevard in Long Island City. The owners of the Paragon Paint building wants to develop the property at 45-50 Vernon Blvd., as well as adjacent parcels, for residential and retail use.

The project would contain a 28-story tower that would rise alongside the dilapidated Paragon Paint warehouse as well as two other buildings, which would combine to provide 344 residential units, of which 20 percent would be affordable units.

The plans feature a waterfront public access area providing more than 18,000 square feet of park space along Anable Basin. The development would also contain 14,000 square feet of retail space.

The consortium, including Simon Baron Development, Quadrom Global and CRE Development, is seeking a variance because the site is currently zoned for manufacturing and the principals will make a presentation and answer questions at the public meeting. The session will take place at 6:30 p.m. at the Academy for Careers in Film & Television, located at 1-50 51st Ave., in the fourth floor auditorium.

Reach reporter Bill Parry by e-mail at bparry@cnglocal.com or by phone at (718) 260–4538.

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