Two developers are planning to turn a parcel in Long Island City into a condo building, it was reported.
According to The Real Deal, the lot at 41-05 29th St. will be developed by SB Development Group and Heritage Real Estate Partners. Department of Buildings records indicated that a demolition permit was filed on Dec. 1 to remove a two-story building housing Dena’s Coffee Shop.
The building will span 70,000 square feet but developers did not say how many condos or floors they are planning to construct. The site was purchased for $15.5 million in November.
“It took some time to assemble the various parcels and development rights necessary to build something substantial,” SB Development co-founder Joseph Stern told The Real Deal. “The irregular triangular shaped lot has its challenges but the opportunity to build something different and unique for the neighborhood is what we envisioned with our architect.”
The site is located near the Queens Plaza E, M and R subways and the Queensboro Plaza 7, N and W lines.
QNS reached out to SB Development Group for comment and is awaiting response.