It has been more than two years since it was uncovered that the Lions Group is readying to build a condominium high-rise at the foot of the Queensboro Bridge in Long Island City. Named One Queens Plaza, the venture is to hold 110 condos and ground-floor retail throughout its 18 floors. Now the project has risen to street level and will soon join the litany of towers reshaping the LIC skyline.
One Queens Plaza’s corner site overlooks the Queens Plaza elevated subway station serving the 7, N and Q trains. The building rises at 42-06 27th Street between Queens Plaza South and 42nd Road. The project shoulders the recently-opened rental Luna to the west and ODA's upcoming rental at 42-20 27th Street to the south.
Google Earth aerial showing project location; CityRealty
The Great Neck-based developer tapped their go-to architect Raymond Chan for the design. Like most of Chan’s work, the design will be modern and covered mostly in glass. Many apartments will be benefitted by balconies and there will be two common rooftop terraces. Chan is also handling the design of Lion’s 27-01 Jackson Avenue project and 42-83 Hunter Street nearby.
Condos in LIC’s Queens Plaza district are still relatively rare with developers preferring to build rentals to establish the formerly commercial/manufacturing district. Per our sales search, there are presently 83 condos for sale in the greater Long Island City Area. The median price per square foot stands at $1,245. One-bedrooms have a median asking price of $850,000 and two-bedroom stand at $1.329 million. The Dutch is a ground-up condo in the Queens Plaza area with a number of units for sale. Studios begin at $490K, one-bedrooms from $710K and two-bedrooms from $965K.
From the elevated 7 train platform; One Queens Plaza site in the foreground with 42-20 27th Street rising beyond; CityRealty
Progress as of late March; CityRealty
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New Developments Editor
Ondel Hylton
Ondel is a lifelong New Yorker and comprehensive assessor of the city's dynamic urban landscape.
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