2-20 Malt Drive
Update
07/26/23
Massive 3-Tower Project Tops Out in Long Island City
Developer and general contractor, , has topped out all 3-towers of a 2-building residential project, going up at 2-20 Malt Drive and 2-21 Malt Drive as part of the Hunters Point South masterplan in Long Island City, Queens.
Designed by SLCE Architects, the two buildings are being constructed directly across the street from each other and they sit on a 329,600-square-foot lot that used to be occupied by a large warehousing and distribution center.
2-20 Malt Drive is a 34-story structure, with the main tower section, sitting atop a 5-story base. It will feature 575 residential units, 13,776 square feet of ground-floor retail space, and an enclosed parking garage, with enough room for 40 vehicles.
Tenant amenities are to include a fitness center, a rooftop swimming pool on the podium, a mailroom, a package room, a bike storage area, a children’s playroom, and a laundry room. The building will also feature its own cogeneration plant.
Just to the north, 2-21 Malt Drive consists of a larger 38-story, 440-foot tall tower, and a smaller 25-story, 310-foot tall tower, connected by a 6-story base.
It will feature 812 residential units, 12,840 square feet of ground-floor retail space, and an enclosed parking garage, with enough room for 40 vehicles.
Tenant amenities are to include a fitness center, a mailroom, a package room, an outdoor playground, bicycle storage spaces, recreation rooms, and outdoor terraces.
Back in January, Wells Fargo and PNC Bank, joined forces to supply a $725 million loan for the development. This considerable sum of money is being used to fund all construction costs for both projects.
With structural pours now complete, the focus has shifted toward the installation of the brick facades. Construction is currently estimated to finish by the 4th Quarter of 2024.
