With more than a few residential projects planned for Long Island City, it's hard to keep tabs on every new development. One project that flew under our radar is a 12-story, 140-unit rental building planned for 11-55 49th Avenue between at 21st Street in the Hunters Point section of the neighborhood. Developer Maddd Equities (yes, that's how they spell it) first revealed the plans in December, and next week, there will be a public community board about the project. Half of the building's units will be two-bedrooms, while the rest will be studios and one-bedrooms. Twenty-eight apartments will be reserved as affordable, and the development will also have 10,000-square-feet of ground-floor commercial space and 100 parking spaces. According to an image of a rendering on the LIC Post, Aufgang Architects are designing the building.
The site is currently used as a parking lot, and the LIC Post notes that it's a rather odd piece of property in terms of zoning regulations. The lot has five sides, and in one area, zoning allows for a building up to five times the land area, while in another section, it only allows for double the area. As such, Maddd is requesting a change that will allow 5.0 FAR across the entire site, which means the development must go through the full Universal Land Use Review Process. If all goes as Maddd hopes, construction would start later this year, and it would be complete by 2017.
· Public hearing on 140-unit Hunters Point complex to be held next week [LIC Post]
· Developer plans 140-unit rental building on corner of 21st Street and 49th Avenue [LIC Post]