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Carter Horsley's Building Review Carter Horsley
Aug 17, 2015

Carter's Review

The Durst Organization acquired the Queens Plaza Park development site at 29-37 41st Avenue in late 2016. It was originally slated to become LIC's tallest condominium tower but developers Property Markets Group and Hakim Organization sold it for $175 million. The Durst Organization plans to create a one million square foot 1,000-unit rental tower, in which at least 25% of the units will be affordable. The site purchase includes the landmarked Queens Clock Tower Building, a half-acre public park and a renovated Queens Plaza subway entrance.