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Tallest Building Outside of Manhattan Will Be Mostly Rentals

New details have emerged about the city's tallest tower rising outside of Manhattan. Earlier reports glossed over what kind of apartments would be coming to Long Island City's Queens Plaza Park, the 914-foot, 77-story building slated to rise right behind the neighborhood's landmarked clock tower. But TRD now reports that developers Property Markets Group and the Hakim Organization plan to split the 800 apartments between both condos and rentals. Of course the apartments in the top portion of the building will be condos, with the two-thirds of the apartments that are rentals relegated to the lower floors.

The developers have yet to come forward with pricing for the units, but to the surprise of no one, thy'll probably be expensive. According to Modern Spaces, prices in the neighborhood have remained above the $1,000/square-foot threshold for three of the last four quarters. Prices have been rising steadily over the past few years in Long Island City, where it seems like a record for Queens' Most Expensive Condo is set every week. Up until this point, that record's largely been set in the same building at 46-30 Center Boulevard, but Queens Park Plaza, with its height, might snatch that distinction up after the project is complete in 2018.
· Outer borough's tallest building will be mostly for renters [TRD]
· NYC's Tallest Tower Outside of Manhattan Gets New Renders [Curbed]
· Long Island City's Beloved Clock Tower Nears Landmark Status [Curbed]
· All 29-37 41st Avenue coverage [Curbed]