23-10 42nd Road Update 08/08/23

35-Story Tower Begins to Climb in LIC

General contractor, Construction, has started to form the concrete superstructure of a 35-story, residential tower project, going up at 23-10 42nd Road in Long Island City, Queens.

Foundation subcontractor, Trident, kicked off construction last summer, but superstructure pours only commenced recently after a lengthy process that involved excavating, drilling, sheet piling, and slab pouring.

A concrete pumping rig is on-site, and the structure now stands approximately 7 stories tall, with 28 floors left to go. As the building rises, either a placing boom or a crane-lifted hopper will take over as the primary method for supplying ready mix to the workers on the roof.

Developer, , the building is set to contain rental apartments, offered in one and two-bedroom configurations.

Plans also call for square feet of retail space, as well as roughly 15,000 square feet of tenant amenities, which will consist of a triple-height fitness center, a resident lounge, a rooftop sky lounge, co-working spaces, and multiple outdoor terraces, framing stunning views of the Manhattan skyline.

Designed by , 23-10 42nd Road will stand feet tall and total square feet.

Back in March, the team landed a $131 million loan for the project. Arranged by Walker & Dunlop, and jointly issued by PCCP and Corebridge Financial, this influx of capital is being used to fund all construction costs from the ground up.

The rectangular project site spans over 20,000 square feet and is bookended by 23rd Street to the west, and 24th Street to the east. Construction is expected to wrap up by April of 2025.

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