Adam America along with MSD Partners have decided, like everyone else, that it's a good idea to build more apartments in Long Island City. Crain's reports that the duo plan on bringing a 210,000-square-foot residential development to 22-12 Jackson Avenue at the corner of Crane Street near 46th Road. The 11-story, 186-apartment building will be designed by Isaac and Stern with ODA Architecture, whose comparably-sized adjacent stack of jutting boxes at 22-22 Jackson Avenue is nearing the finish line. The development is also less than a block away from the grave of 5 Pointz, where developer Jerry Wolkoff plans to erect 1,100 apartments.
The new development will include 5,000 square feet of ground floor retail space as well as 15,500 square feet of enclosed parking. Adam America and MSD Partners picked up the lot for $43.5 million.
· Long Island City site sold for $43.5 million; 186-unit residential development will rise there [Crain's]
· All Long Island City coverage [Curbed]