Greystone Development has begun construction on a 23-story, 117-unit rental tower in booming Long Island City. The 105,000-square-foot venture will be the firm’s first in Queens and is sited at the foot of the Ed Koch Queensboro Bridge at 24-16 Queens Plaza South. Greystone acquired the property for $23 million last year according to the Real Deal.
Greystone tapped the global architecture firm of Woods Bagot to mold the design. A preliminary rendering shows that the exterior of the existing 5-story building will be salvaged and a graceful modern addition will rise above. Horizontal spandrel areas will grow into balconies and morph from floor to floor — resulting in a dynamic undulating form a la Studio Gang’s Aqua Tower in Chicago.
In this article:
Construction progress at 24-16 Queens Plaza South; CityRealty
Citi Habitats will be the exclusive leasing agent for the property. There will no more than six apartments per floor and west-facing units will provide exceptional views of Manhattan and the Queensboro Bridge. Within the building's base, there will be ground-level retail and 11,000 square feet of amenities spread across four floors. There will be an outdoor pool, roof terrace, fitness center, private dining spaces, a lounge, screening area, game room and co-working space.
The building is across Crescent Street from the newly-opened rental, Luna and adjacent to The Independent. Above Queens Plaza South is the Queensboro Plaza train station with access to the 7, N and Q subway lines that can whisk commuters into Midtown in minutes.
Google Earth aerial with 24-16 QPS; CItyRealty
Would you like to tour any of these properties?
Related Articles
Future New York
Landmarks praises residential conversion/restoration of NoMad's Baudouine Building, Seeks revisions to rooftop addition
Tuesday, June 23, 2026
Iconic Addresses
Paul Newman's parkside office sells 47% over ask; Pre-war condo conversions lead Manhattan sales
Tuesday, June 23, 2026
Future New York
NYC contracts led by $18.5M Upper East Side mansion and a bespoke Billionaires' Row condo
Tuesday, June 23, 2026
Future New York
Brick is Back: NYC developments revive the warmth of masonry; See Morris Adjmi's new design for 277 Canal Street
Friday, June 19, 2026
Coney Island
Knicks in Five: 35 NYC condo and rental buildings with basketball courts
Thursday, June 18, 2026
Future New York
Price Cuts: Baz Luhrmann’s Gramercy townhouse slashed by $7M; New discounts at Brooklyn and Queens’ tallest towers
Thursday, June 18, 2026
New Jersey
Willow House: Boutique rental in Hoboken's resurgent North End launches with two months free rent
Thursday, June 18, 2026
Future New York
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
