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Major condo tower in New York’s Long Island City lands $525 million construction loan

Development team also secured financing for Brooklyn residential project
Construction of a 55-story Queens condominium tower, depicted in a rendering, is expected to wrap up in 2028. (FXCollaborative)
Construction of a 55-story Queens condominium tower, depicted in a rendering, is expected to wrap up in 2028. (FXCollaborative)
CoStar News
June 12, 2025 | 3:27 P.M.

A 55-story, 636-unit condominium development in New York’s Long Island City has landed a $525 million construction loan.

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