Queen’s tallest tower under construction has seen a height reduction, but even with that loss in height, the building still remains on track to be the tallest in the borough. The Wall Street Journal had the latest update on the project at 23-14 44th Drive; while construction on the foundation began at the end of last year, the developers recently received a major boost in the form of a $502 million construction loan, to move the project forward.
When it was originally proposed in 2016, developer Chris Xu was looking to build a 964 foot tower. Reports in early 2017 suggested that the building could rise as high as 984, making it Queens’s first supertall. Reporting by the WSJ now says that the building will rise to 778 feet, still making it the tallest tower in the borough. The tower rising next to Long Island City’s Clock Tower, at 29-37 41st Avenue, will briefly hold the title of the tallest tower in the borough when it ascends to 710 feet.
What hasn’t changed at the borough’s tallest tower are the number of apartments. It still remains the same at 802, making it a unique product in the condo market. The apartments here will vary in size from studios to four bedrooms, and prices will range from $500,000 to $4 million. Construction is expected to wrap in two phases between 2021 and 2022.