Paragon rendering (ZD Jasper); OneLIC rendering (NYC Planning); construction progress circa July 2025 (CityRealty)
Plans for the redevelopment of Long Island City's Paragon Paint Factory date back to 2013, when the first plans for a 28-story building were announced, but work has begun in earnest following developer ZD Jasper's purchase of the site from a joint venture of global real estate investment firm Quadrum Global, Baron Property Group and Simon Development in spring 2024. Work is now underway on Paragon, a mixed-use development that will now combine parts of the former factory building with a new construction tower. Archimaera is designing the project, which will feature 186 studio to four-bedroom condos on top of commercial space.
Site remediation work had already taken place when ZD Jasper purchased it, and partial demolition work began in late 2024. Most recently, construction of the new tower has topped out at 23 stories high. Next to go up are the oversized casement windows and brick and metal facade seen in a rendering. Completion is estimated for 2026.
In this article:
Prices will start at $655K for studios, $940K for one-beds, $1.5 million for two-bedrooms, and $2.15 million for three-bedrooms. Select units will have private outdoor space. One certain perk will be its central address near Gantry Plaza State Park, Culture Lab LIC, popular restaurants lining Vernon Boulevard, and transportation options like the Court Square subway hub and the Long Island City ferry terminal. Indeed, when developer ZD Jasper bought the site, a spokesperson said, "This is arguably the best development site in all of Long Island City."
Enlarge Image
Enlarge Image
Enlarge Image
Enlarge Image
OneLIC rendering (NYC Planning)
Paragon topped out construction roughly around the same time the New York City Council unanimously approved the OneLIC Neighborhood Plan to rezone 54 blocks in a mostly industrial stretch of Long Island City, making it the city's largest rezoning in 25 years. This allows for 14,700 new housing units, 4,350 of which will be permanently affordable with all private developments to be mapped under Mandatory Inclusionary Housing Option 1 or 3. Option 1 requires that 25% of a development be available at an average of 60% of the Area Median Income (AMI) with at least 10% of units set aside for households earning 40% AMI. Option 3 requires that 20% of a development be affordable targeting an average of 40% AMI.
OneLIC project area (NYC Planning)
In addition to creating new housing units, OneLIC includes a $206 million investment in NYCHA's Queensbridge Houses that includes upgraded community facilities, addressing chronic plumbing problems, preserving approximately 675 public housing units, and bringing vacant units online. It also includes commitments for upgrades to sewage and plumbing infrastructure, streetscape and transportation improvements to make 44th Drive safer, 1,300 new school seats, a renovation of the neighborhood's YMCA branch, and support for small businesses and arts and culture spaces in the rezoning area.
OneLIC is also set to create nearly five acres of open space under the Queensboro Bridge, including Queensbridge Baby Park, not to mention a continuous public waterfront from Gantry Plaza State Park to Queensbridge Park. A Con Edison power plant currently cuts off Queensbridge Park from Gantry Plaza South Park, but the city and Con Ed are currently in the process of negotiating the transfer of an easement for the waterfront portion of the property.
The approximately 54-block, study area includes Anable Basin, where e-commerce giant Amazon planned to build headquarters in 2018; but this plan was withdrawn in 2019 amidst opposition from local residents and elected officials alike. Most recently, starting in late 2023, OneLIC was conceived by the mayor's office in collaboration with the Department of City Planning and City Councilmember Julie Won, who represents the area. Several public meetings and surveys informed the plan, and Councilmember Won notes that such feedback was instrumental in both the success of the rezoning and the securing of a historic level of investment in the project.
"The OneLIC plan is not only the largest neighborhood rezoning in at least a quarter of a century, but a plan that will deliver the housing, jobs, and public space this vibrant neighborhood needs, while creating a more affordable city for working-class New Yorkers" - Mayor Eric Adams
In the meantime, the areas surrounding Hunter's Point and Court Square have seen significant residential development in recent years. As we wait for Paragon's sales launch, we look at recently launched new developments and forthcoming condos.
The Long Island City skyline. Supertall towers are envisioned at the center of this shot
New Long Island City Buildings
CMX Tower, 40-21 27th Street
Developed by Charney Companies | Design by MEI Architects
9 units | 6 stories
Completed in 2025
5 availabilities from $975K
Developed by Charney Companies | Design by MEI Architects 9 units | 6 stories
Completed in 2025
5 availabilities from $975K
CMX Tower (Charney Real Estate LLC)
40-21 27th Street is a low-rise boutique condominium, and its name is an acronym for Classic Modern eXperience. All units have private outdoor space, and interiors feature floor-to-ceiling windows, Canadian maple wood floors, kitchens with premium appliances, well-designed baths, individually controlled heating and cooling, and in-unit Bosch washers and dryers. Storage is available for purchase, and the building is topped with a common roof deck with an electric grill and stunning city views. Another perk is its address near popular local dining and six subway lines (Queensboro Plaza N/W/7 and Queens Plaza E/M/R).
CMX Tower, #4A (CHARNEY REAL ESTATE LLC)
Vesta, 11-36 45th Road
Developed by Century Development Group | Design by Raymond Chan Architects
115 units | 7 stories
Completion estimated for 2026
20 availabilities from $915K
Developed by Century Development Group | Design by Raymond Chan Architects
115 units | 7 stories
Completion estimated for 2026
20 availabilities from $915K
Vesta (Serhant)
As of November 2025, roughly six months after sales launched, Vesta is 45% sold. The glassy new building is located in a bustling section of Long Island City near MoMA PS1, Trader Joe's, and the Court Square transportation hub, but triple-pane floor-to-ceiling windows allow for a peaceful atmosphere filled with natural light. Interiors feature pre-engineered white oak floors, kitchens with Alpine Mist quartz countertops and fully integrated high-end appliances, baths with Grohe fixtures, and in-unit laundry. Select units have private outdoor space, and all residents have access to amenities like an attended lobby, a courtyard, a lounge, a children's playroom, and a fitness center with state-of-the-art equipment.
Vesta, November 2025 (CityRealty)
Vesta, #611B (Serhant)
Radiant, 24-01 Queens Plaza North
Developed by New Empire Real Estate | Design by ODA Architecture
124 units | 19 stories
Completion estimated for 2026
11 availabilities from $700K
Developed by New Empire Real Estate | Design by ODA Architecture
124 units | 19 stories
Completion estimated for 2026
11 availabilities from $700K
Radiant (Nest Seekers LLC)
In an increasingly crowded new development landscape, Radiant stands out for its modern design with curved corners, undulating facade, setback windows, and private balconies in the majority of residences. Construction topped out earlier this summer, and such features are already evident at this stage of the project.
Interiors by Paris Forino feature open-concept layouts, contemporary kitchens, spa-like baths, and in-unit laundry. A carefully curated wellness and social amenity package includes a state-of-the-art fitness center, a basketball court, a rock climbing wall, a Finnish sauna, a karaoke/media lounge, a courtyard with Ping Pong table, a glass-enclosed rooftop lounge with kitchen, coworking area, children's playroom, and lounge, and an outdoor rooftop terrace with grilling stations and Manhattan skyline views.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Radiant, November 2025 (CityRealty)
Radiant, #1502 (ONE REALTY GLOBAL CORP)
Loft 21, 11-50 45th Road
Developed by Century Development | Design by Lu Ning Architecture
66 units | 6 stories
Completion estimated for 2026
Developed by Century Development | Design by Lu Ning Architecture
66 units | 6 stories
Completion estimated for 2026
Rendering of Loft 21 (Century Development)
Loft 21 is taking shape next door to Vesta (see above). The apartments will start on top of retail space, and renderings depict a glassy facade that promises interiors filled with natural light. It is also set to offer 27 parking spaces despite its close proximity to the Court Square transportation hub.
Loft 21, November 2025 (CityRealty)
Urban 21, 46-30 21st Street
Developed by Urban Construction & Development | Design by Lu Ning Architecture
71 units | 9 stories
Completion estimated for 2026
Developed by Urban Construction & Development | Design by Lu Ning Architecture
71 units | 9 stories
Completion estimated for 2026
Urban 21 (Urban Construction & Development)
Sales are underway at Urban 21, a low-rise condominium near MoMA PS1, acclaimed Jackson Avenue and Vernon Boulevard dining, and the Court Square transportation hub. The vast majority of apartments have private balconies, and all interiors feature oversized windows, high-quality finishes and appliances, and in-unit laundry. Residential amenities include a fitness center and lounge with city views.
Urban 21, fall 2024 (CityRealty)
Icon Condominium, 25-08 43rd Avenue
Developed by Central Realty LLC | Design by INOA Architecture
39 units | 9 stories
Completion estimated for 2026
Developed by Central Realty LLC | Design by INOA Architecture
39 units | 9 stories
Completion estimated for 2026
Rendering of Icon Condominium (INOA Architecture)
INOA Architecture's New York City portfolio includes The Pearl Townhome in Manhattan, 108 India Street and Lumina in Brooklyn, and most recently, Rowan II and Icon Condominium in Queens. An offering plan for Icon was submitted in July 2025, but offers no details on the apartments or amenities. However, renderings show an attended lobby, a fitness center, and a green roof. Another perk is a central address near popular local dining and the Queensboro Plaza, Queens Plaza, and Court Square transportation hub.
Icon Condominium, November 2025 (CityRealty)
The Cube, 42-53 24th Street
Developed by United Construction & Development | Design by MY Architect PC
217 units | 14 stories
Completion estimated for 2027
Developed by United Construction & Development | Design by MY Architect PC
217 units | 14 stories
Completion estimated for 2027
Rendering of The Cube (United Construction & Development)
Around the time United Construction & Development announced plans for 42-50 24th Street (see below), the developer released renderings of The Cube, its new project taking shape on the site of a former factory loft building. The building depicted is not cube-shaped but rather rectangular, and distinguished by conjoined rectangular volumes in a reflective glass curtain wall; a retail component at ground level will be clad in white paneling and feature a grid of punched windows. The renderings also depict a roof deck, and further amenity details are not yet available.
30-25 Queens Boulevard
Developed by Baron Property Group | Design by CetraRuddy Architecture
561 units | 46 stories
Completion estimated for 2028
Developed by Baron Property Group | Design by CetraRuddy Architecture
561 units | 46 stories
Completion estimated for 2028
Rendering of 30-25 Queens Boulevard (CetraRuddy)
After a few years of stalled work, things have quickly progressed at 30-25 Queens Boulevard starting this summer. A new design was revealed in June 2025, the team secured a $388.5 million construction loan a short time later, and Baron Property Group bought the site from former partner LargaVista Companies in July 2025.
Renderings depict a sleek tower with a glass curtain wall and copper-toned fins. The 561 forthcoming housing units are to comprise 451 rentals and 110 condos starting on top of 21,000 square feet of retail space. An extensive amenity package will include a smart package room, bike storage, a pet spa, a fitness center with movement studio, regulation-sized basketball and pickleball courts, a sports simulator, a game room, coworking lounges, a content creation/recording studio, a solarium with a kitchen and dining area, outdoor terraces with grilling stations, and a rooftop pool. The site is directly across the street from the Queens Plaza transportation hub and in close proximity to SculptureCenter, JACX&CO food hall, and other popular local dining options.
Renderings depict a sleek tower with a glass curtain wall and copper-toned fins. The 561 forthcoming housing units are to comprise 451 rentals and 110 condos starting on top of 21,000 square feet of retail space. An extensive amenity package will include a smart package room, bike storage, a pet spa, a fitness center with movement studio, regulation-sized basketball and pickleball courts, a sports simulator, a game room, coworking lounges, a content creation/recording studio, a solarium with a kitchen and dining area, outdoor terraces with grilling stations, and a rooftop pool. The site is directly across the street from the Queens Plaza transportation hub and in close proximity to SculptureCenter, JACX&CO food hall, and other popular local dining options.
45-03 23rd Street
Developed by Incoco Capital, Tavros and Charney Companies | Design by FX Collaborative
636 units | 55 stories
Completion estimated for 2028
Developed by Incoco Capital, Tavros and Charney Companies | Design by FX Collaborative
636 units | 55 stories
Completion estimated for 2028
Rendering of 45-03 23rd Street (FXCollaborative for Charney Companies and Tavros)
Plans for a new building at 45-03 23rd Street date back to 2016, when developers Charney Companies and Tavros started assembling the site. Incoco Capital's 2022 purchase of land from Japanese hotel chain Toyoko Inn doubled the size of the site, and the team secured a $525 million construction loan for the project in June 2025.
Early renderings show a soaring tower with gently rounded corners and a full-height glass facade to make the most of skyline, bridge, and river views. It is set to contain 636 studio to four-bedroom apartments, a premier amenities package, a Chelsea Piers Fitness outpost, and a Whole Foods grocery store. The site is located in close proximity to MoMA PS1, SculptureCenter, Jackson Avenue dining, and the Court Square transportation hub.
Early renderings show a soaring tower with gently rounded corners and a full-height glass facade to make the most of skyline, bridge, and river views. It is set to contain 636 studio to four-bedroom apartments, a premier amenities package, a Chelsea Piers Fitness outpost, and a Whole Foods grocery store. The site is located in close proximity to MoMA PS1, SculptureCenter, Jackson Avenue dining, and the Court Square transportation hub.
42-50 24th Street
Developed by United Construction & Development | Designer TBD
393 units | 38 stories
Completion estimated for 2028
Developed by United Construction & Development | Designer TBD
393 units | 38 stories
Completion estimated for 2028
42-50 24th Street (United Construction & Development)
The project at 42-50 24th Street has been nicknamed Skyline Tower II for its proximity to Skyline Tower, the fact that its 589-foot height puts it just behind its neighbor for Queens' tallest condominium, and the fact that both buildings are developed by United Construction & Development. The developer bought the development site for $57.5 million in February 2025. An architect has not yet been announced, but the project is said to contain 5,000 square feet of retail space, 393 residential units, and an array of amenities that include a fitness center, an indoor pool, entertaining lounges, and 195 indoor parking spaces despite close proximity to the Queensboro Plaza transportation hub.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
