To the surprise of absolutely no one, another Long Island City warehouse will be
razed for an apartment tower turned into an apartment building. New York YIMBY and the Real Deal spotted the permits for the new building, which will replace the old Paragon Paint factory at 45-40 Vernon Boulevard between 45th Road and 46th Avenue. Simon Baron Development and CRE Development will be building a 28-story, 296-unit rental tower designed by SHoP Architects. The new tower, which will incorporate the existing warehouse building, is just a few blocks away from the SHoP-designed buildings of Hunters Point South.
There will be retail on the ground floor and a 24-car garage in the cellar. A smaller building next to the warehouse is also part of the property, and it will be replaced by a public park with water access.
UPDATE: This article previously stated that the warehouse would be demolished, but that is incorrect. The Paragon Paint warehouse will be converted into apartments, and the new tower will rise on top of and to the side of it.
· Simon Baron, CRE Planning 296-unit LIC Rental Building [TRD]
· Permits Filed: 28-Story SHoP-Designed Tower At 5-49 46th Avenue, Long Island City [NYY]