News Summary
Long Island City is set to welcome a new 39-story skyscraper developed by Chris Xu’s Grand Construction & Development. The project will offer 387 residential units alongside retail space and parking. This development follows an earlier ambitious proposal that did not materialize, reflecting the area’s ongoing construction boom and demand for housing. Xu’s firm continues to shape the residential landscape in Queens, enhancing the local economy and community offerings.
Long Island City is set to welcome a new skyscraper as Grand Construction & Development, under the leadership of developer Chris Xu, has filed plans for a significant construction project at 23-07 43rd Ave. The proposed development will consist of approximately 392,000 square feet of space, rising 39 stories and reaching a height of 446 feet. Envisioned to enhance the residential landscape of the neighborhood, the skyscraper will house 387 residential units. It will also feature a 66-car parking garage located on the first two floors, with the ground floor designated for retail space.
The plans for this new skyscraper come after Chris Xu’s sister firm, United Construction & Development, acquired the vacant development site for $57.5 million from Fisher Bros. This site previously had an ambitious development proposal by Fisher Bros., which included a 255,000-square-foot, 35-story building featuring 240 residential units, a hotel, and 40,000 square feet of commercial space. However, that project did not materialize, leaving the site undeveloped until now, according to city records.
Chris Xu has emerged as one of the busiest developers in Queens, with over 1,000 residential units planned within the borough through recent projects in not only Long Island City but also Rego Park. Notably, other significant projects initiated by Xu in Long Island City include a condominium development known as The Cube, which is expected to be completed by 2027, and Skyline Tower, a luxurious 67-story condominium skyscraper that underscores Xu’s footprint in the rapidly evolving real estate market of the area.
The expansion of residential options in Long Island City is indicative of the growing demand for housing in this vibrant community. As urbanization continues to reshape the landscape of New York City, developments like this new skyscraper by Chris Xu aim to meet the needs of a diverse population. The planned mix of residential and retail space could also help boost local businesses once completed.
Despite the promising plans for development, a representative for Chris Xu did not provide any comments when approached for additional information about the project. This lack of commentary leaves certain aspects of the project, such as its timeline and cost structure, shrouded in speculation.
Long Island City has been experiencing a construction boom, driven by its proximity to Manhattan and its appeal as a residential neighborhood. As developments like Xu’s skyscraper move forward, they are likely to contribute to the ongoing transformation of the area, making it a more attractive destination for both residents and businesses alike.
The combination of new residential units alongside retail opportunities presents a potential boost to the local economy, creating jobs and enriching the community’s offerings. As this project progresses, it will undoubtedly be a point of interest for city planners, residents, and prospective buyers alike.
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Additional Resources
- Crain’s New York: Chris Xu Plans New Long Island City Skyscraper
- New York YIMBY: Updated Design for 561-Unit Skyscraper at 30-25 Queens Boulevard
- LIC Post: Tallest Building in Queens Tops Out
- PR Newswire: Groundbreaking of 55-Story Skyscraper at LIC’s Court Square
- Architectural Digest: What Makes NYC’s Skyline So Iconic
- Wikipedia: Long Island City
- Google Search: Long Island City skyscraper news
- Google Scholar: Long Island City real estate
- Encyclopedia Britannica: New York City
- Google News: Long Island City development
Author: STAFF HERE NEW YORK WRITER
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
