March 11, 2016
By Jane Margolies
The first design for the building was too industrial-looking. The second was too glassy. But the third was just right.
At least that’s how the design progressed for the seven-story condominium rising at the intersection of Seventh Avenue South and West 10th Street.
The site for the building, now known as 175 West 10th Street, is a small triangle that was created when Seventh Avenue was extended on a diagonal south from Greenwich Avenue in 1919, slicing through city blocks and leaving irregularly shaped lots on either side. Originally known as 130 Seventh Avenue South, the site is just over 2,900 square feet, with its longest side on the commercial thoroughfare.
March 11, 2016
By Daniel Geiger
Greystone Development is tackling its first project in Long Island City, Queens.
The real estate investment firm purchased a five-story office building at 24-16 Queens Plaza South for $23 million with plans to redevelop the property into a 100,000-square-foot residential rental tower. Greystone plans to preserve the existing building at the site and add 18 stories on top of the property, according to Jeffrey Simpson, who heads Greystone Development.
“We like the existing building,” Simpson said. “It maintains the character of Long Island City, and we think it’s nice to have a project that offers a link between the neighborhood’s heritage below and a modern structure above.”