With an influx of residential buildings popping up in Long Island City, the neighborhood’s latest mixed-use building will make room for retail, medical offices and community-service uses.
Located at 38-01 Queens Blvd., this two-story building was home to the Liberty Brass Screwing Co., a company selling automatic screw machine products. Curbcut Urban Partners and Platinum Realty Associates purchased the building last December and will knock it down to build a glassy building in its place, the Wall Street Journal reported.
The 146,000-square-foot building will lease out and offer for purchase commercial condominiums for nonprofit, medical and community-service tenants. Though the space will offer some office and retail space, zoning requirements will force developers to designate a large part of the building for community facility purposes.
The building is currently located in a M1-4 district, which is intended for light manufacturing use and bars residential use. Offices, hotels and most retail uses are allowed.
Amenities will include a rooftop deck and outdoor terraces. Aaron Malinsky, Curbcut’s chief executive, told the Wall Street Journal that the company will spend $65 million for the acquisition and to clean the site.
The site sits across the street from the 7 train on the border of Sunnyside.