Gantry Point / 25-11 49th Avenue
Long Island City, NY
- 237,000 rsf
Located in the Hunters Point submarket of Long Island City, Queens, Gantry Point sits in the heart of the ‘Factory District,’ the center of an emerging creative office location for tenants seeking industrial character and convenient amenities with immediate access to transit serving both midtown Manhattan and the Long Island suburbs
Normandy acquired the property on an off-market basis following a sixteen month contract period. Prior to closing, Normandy advanced design and construction documentation, obtained building permits, and secured construction financing. Upon closing, Normandy commenced the redevelopment of the existing 87,000 sf industrial property and the development of a 150,000 rsf nine-story loft office building featuring 14’ exposed concrete ceilings, large factory windows, and multiple outdoor terraces with delivery schedule for 2019.