Developer Steven Li has filed plans for a 40-story residential tower at 42-19 24th Street in Long Island City, Queens. The proposed building will be 456 feet tall, with 280,000 square feet of space, including 216 residential units and ground-floor retail. The site, previously owned by Carlyle Group and sold to Montperia Group for $49 million, was initially intended for commercial use but now targets residential development. Montperia, known for residential projects in Queens and Brooklyn, has already filed demolition permits for the site. This project aligns with Long Island City’s growing residential development, influenced by Mayor Eric Adams’ rezoning proposals.
Developer Steven Li
