In June, word spread that Long Island City's old Paragon Paint Factory would be converted into a residential building. Well, it seems the redevelopment will give way to much more than that. 6sqft gleaned renderings of SHoP Architect's vision for the converted factory, which also include two additional buildings, the tallest of which will come in at 28 stories and 296 apartments.
The project is being developed by the triumvirate of Simon Baron Development, Quadrum Global, and CRE Development, and is located at 45-40 Vernon Boulevard. The Paragon factory won't be razed, rather converted into the base for one of the towers. The other two buildings, which will rise 14 and eight stories, will rise alongside it. The development will include the addition of a waterfront esplanade along the Eleventh Street Basin.
The developers have a lot to overcome before they can begin construction. For starters, the site is currently zoned for manufacturing meaning that the developers will need to get a variance before they can build. It's also likely that they'll have to remediate the former industrial site before they can begin construction.
Simon Baron purchased the site back in 2013 for $14.7 million. This new development is located just blocks away from another of SHoP's Long Island City projects at Hunters Point South.
· REVEALED: SHoP Architects' Long Island City Waterfront Development [6sqft]
· More SHoP-Designed Apartments Heading to Long Island City [Curbed]
· Hunters Point South Towers Are Just About Finished [Curbed]