Nice! Same form-factor but better rendered(?) than what I posted in this thread previously.
Per NYguy on SSP
Developers Tavros Capital and Charney Companies in partnership with Incoco Capital have landed $525 million of construction financing plus a new equity partner for their 55-story residential tower project in Long Island City, Queens, Commercial Observer has learned.
Madison Realty Capital provided a $425 million loan for the 600-unit condominium project at 24-19 Jackson Avenue in Long Island City’s Court Square area, according to the development team. Kushner Companies and its capital partner, OneIm, also supplied a $100 million preferred equity investment as part of the deal that closed Tuesday afternoon.
In addition to the residential component, the FX Collective-designed development will also include roughly 80,000 square feet of retail space featuring Chelsea Piers Fitness and Whole Foods. Chelsea Piers Fitness inked a 72,000-square-foot lease at the property in July 2023.
The project is set to break ground this month and is slated for completion in spring 2028. Community amenities in the building have not been announced.
Now that financing has been secured, hope we can see movement soon on this lot. It has been an eyesore for the longest time
Addendum: that would be the first Whole Foods market in Queens, and right across the Traders Joe