Yet another tower could be heading to Long Island City, with reports of a 70-story skyscraper in the works for the Queens Plaza neighborhood.
The massive development has been pegged at 42-50 24th St., according to City Realty, just one block away from the Queensboro Plaza station, meaning the tower would join several 60 to 70 story towers under development in the area.
While there have been no building permits filed for the site yet, records dating back from 2015 show that the property, a taxi dispatch garage spanning 34,000 square feet, was purchased for $69 million by Property Markets Group and Dynamic-Hakim.
Renderings posted by one of the developers show plans for a one-million square foot project, with both commercial and residential components. The site, still under development, will be a “luxury tower”, according to developers.
The property is within an M1-5/R9 zoning district, which allows for high-density, tall towers.