Credit: CetraRuddy Architects
A 46-story residential tower designed by CetraRuddy is ready to rise in Long Island City after developers secured financing. Developers Baron Property Group and LargaVista Companies on Monday announced that 30-25 Queens Boulevard, a 525-foot-tall project set to bring more than 500 homes to the neighborhood, had acquired $388.5 million in construction financing. The tower will include 561 residences, 451 rentals and 110 condos, ranging from studios to two-bedrooms, along with 21,000 square feet of ground-floor retail and a suite of expansive amenities.
Financing was provided by Starwood Capital Group, Gotham Organization, and Blackstone Real Estate Debt Strategies. The deal was facilitated by Ayush Kapahi, principal and founding partner at HKS Real Estate Advisors, and Anthony Ledesma, principal and founding partner of DIA Capital Group.
“This construction financing represents a significant step forward for our team and reinforces our dedication to delivering innovative projects in thriving neighborhoods,” Matthew Baron, founder and president of BPG, said.
“With its striking design by CetraRuddy and variety of curated amenities, 30-25 Queens Boulevard will offer an exceptional lifestyle experience and contribute to the continued evolution of Long Island City.”
Amenities at the tower will include a rooftop pool, regulation-sized basketball and pickleball courts, a fitness center with a movement studio, and a solarium with a full kitchen and dining area. Residents will also have access to private outdoor terraces with grilling stations, a content creation and recording studio, and co-working lounges.
Additional offerings include a pet spa, sports simulator, game room, smart package room, and bike storage. The project will also include 169 affordable housing units, according to Yimby.
As CityRealty reported, newly released renderings reveal a facade composed of a reflective glass curtain wall accented with vertical strips of copper-toned paneling running the full height of the tower.
“CetraRuddy has meticulously designed a masterpiece with stunning unobstructed views of Manhattan that will set the standard for living in Long Island City. We are excited and proud to build upon the rich tapestry of this dynamic community,” Marcello Porcelli, CEO of LargaVista Companies, said.
The site previously held a gas station, an open-air parking lot, a low-rise commercial building, and a vacant parcel at 29-00 Northern Boulevard. It sits directly next to the Queens Plaza subway station, served by the E, M, and R lines, with access to the 7, R, and W trains just across Queens Boulevard.
Construction is expected to be completed in 2028.
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