A few more details on the massive Broadway development site that just sold for $10,225,000: a condo’s coming. Real Estate Weekly reports that the buyers, Axelrod Development Group and Lions Group, “are planning a 76-unit condo in Long Island City.” (The site is right on the border of Astoria.)
Actually, it looks like the new owners have already filed an application with the Department of Buildings to build on the corner lot. This application calls for 76 units over eight stories, with 73,502 square feet of residential space and 14,600 square feet of parking. The DOB disapproved the application in late March. The architect of record is Raymond Chan.