ARCFE Group 11
In ProgressPianist
3-11 27th Avenue, Astoria, NY 11102
I-526
Approved under the Old EB-5 Law
I-956F
Approved
I-526E
Approved
The Project
About Pianist.
Located at 3-11 27th Avenue, Astoria, New York City, a prime location just across the river from the Upper East Side. The 7-story residential and commercial mixed-use rental building will include a retail space of 7,988 square feet on the first floor, a doctor’s clinic/community facility of 7,988 square feet on the second floor, and 50 residential units from the 3rd floor up to the 7th floor.
The project location meets the requirements of the Targeted Employment Area (TEA) under the EB-5 Immigration Investor Program Modernization Regulations, for the lower investment amount of $900,000.
Key Facts
- Location
- 3-11 27th Avenue, Astoria, NY 11102
- Targeted Employment Area
- Qualified for TEA
- Minimum Investment
- $900,000 USD
- Developer
- iX Development
- Era
- Straddles old law and RIA
In Depth
The full Group 11 story.
Qualified for TEA · Award-Winning Regional Center · Prime location
PIANIST
Located at 3-11 27th avenue, Astoria, New York City, a prime location just across the river from the Upper East Side. With a total enclosed area of approximately 12,660 square feet, the 7-story residential and commercial mixed-use rental building will include a retail space of 7,988 square feet on the first floor, a doctor’s clinic/community facility of 7,988 square feet on the second floor, and 50 residential units from the 3rd floor up to the 7th floor. The project is expected to be substantially completed by Spring 2022, with the Temporary Certificate of Occupancy (TCO) to be obtained in the Summer of 2022.
Vibrant and unique modern architecture against the backdrop of old-school New York.
ASTORIA
Local artists infuse the neighborhood with a spark of irony without going full hipster while multi-generational families maintain Astoria’s authentic old-school street cred. In Astoria, you don’t sacrifice your nightlife. Close to Midtown Manhattan, the neighborhood is a quick getaway for those who want quality time socializing with friends without the oppressive crowds. From jet skiing in the East River to cozying up on a bench with a friend and your favorite food truck meal, Astoria serves both adventurous and solitary locals alike. This exuberant and inclusive neighborhood boasts views of the city, trendy restaurants, beer gardens, music venues, parks, schools, museums, and its own movie studio. Young professionals enjoy new luxury condos with personal terraces overlooking prewar buildings and single-family brick homes. The mix between new development and historical homes is palpable.
Developer · SOME COMPLETED PROJECTS · PREMIER DEVELOPER IN THE NYC AREA
iX Development
iX Development is a cutting-edge construction development company headquartered in New York City, with years of experience and numerous successful projects in the New York metropolitan area, especially familiar with the real estate market of Long Island City. As of 2022, they have built approximate total of over 1 million sqft.Total development size: 240,000+ Sqft
SOME COMPLETED PROJECTS · DECADES OF HANDS-ON EXPERIENCE
DESIGN ARCHITECT: Angelo Ng & Anthony Ng Architects Studio
Angelo Ng & Anthony Ng has developed a diversified clientele throughout the New York region. The studio’s staff draws experience from some of the largest and most distinguished architectural offices in the nation. The firm was ranked among the top 5 in Residential Architects in Queens by the Real Deal Magazine and No. 15 in the Top Architecture firm of NYC.
The firm possesses over twenty five years of experience in the Queens residential and commercial marketplace, and has been the architect of record for a variety of multi-family housing types with a construction volume exceeding $100,000,000.00.
NEW EB-5 TEA REQUIREMENTS
The project Location is 3-11 27th Avenue, Astoria, NY 11102, meets the requirements of the new Targeted Employment Area (TEA) under the new EB-5 Immigration Investor Program Modernization Regulations, for the lower investment amount of $900,000.
Project Progress
Latest updates from the site.
2024
Jun. — I-526E approved.
Sep. — I-485 approved.
May 2023
As of May 2023, Group 11 “Pianist” project construction has been completed. The project is expected to obtain TCO in mid-June.
Total of 69 units: 45 are leased by Nest Seeker, and 24 are affordable units leased out by the government. All units are expected to be fully leased out by the end of August 2023.
Site Report Archive — Pianist
Nov 2022
I-765 approved
Aug 2022
I-956F approved
Substantial completion by end of Q4 of 2022 with TCO followed shortly thereafter
Floors are finished
AC is installed
May 2022
As of this writing, the building's façade and glass curtain wall have been completed, and the scaffolding is being removed in an orderly manner. The plumbing, thermal insulation and thermal insulation of the building have been completed, the partition of the apartment unit has been completed, and the stage of fine decoration has begun. It is expected that the project TCO will be obtained in the summer of 2022 and will be delivered before the end of the year.
Dec 2021
As of Dec 2021, the project has finished the stairs and ramp on the 3rd, 4th, 5th and 6th floor and is working on the 7th floor.the elevator has been installed, the roof waterproof production is in progress, the outer wall brick has reached the seventh layer, the inner wall plaster has been completed, the installation of the inner window has been completed, and the rough processing of the pipeline has been basically completed.
Jun 2021
By the end of June 2021, the main structure of the project has been capped, the elevator installation of the project has been completed, the exterior wall is more than half constructed, and the low-floor glass curtain wall is ready to be installed.
Dec 2020
As of Dec 2020, the project has finished the stairs and ramp on the 3rd, 4th, 5th and 6th floor and is working on the 7th floor.
July 2020
I-526 approved
As of July 2020，2/3 of foundation work has been finished and the remaining is schedule to finish in early Aug. The sheet piling, pile cap and grade beam are all on schedule to be finished.
Nov 2019
As of Nov 2019，the Group 11 project has completed dismantling all existing building, and the dismantle work has been signed off by DOB. The design has been approved by DOB in June. The underground water was checked. At present, the project is waiting for the DoB’s foundation permit, expected to obtain in late Aug 2019.
Aug 2019
As of Aug 2019，the Group 11 project has completed dismantling all existing building, and the dismantle work has been signed off by DOB. The design has been approved by DOB in June. The underground water was checked. At present, the project is waiting for the DoB’s foundation permit, expected to obtain in late Aug 2019.
May 2019
As of May 2019，the Group 11 project has completed dismantling all existing building, and the dismantle work has been signed off by DOB. At present, the project is waiting for the DoB’s foundation permit.
Jan 2019
As of Jan 2019，the Group 11 porject has completed dismantling all existing building, and the dismantle work has been signed off by DOB. At present, the project is waiting for the DoB’s foundation permit. The foundation work is expected to start in Q2 2019.
Gallery
Pianist in view.
Construction Progress
From the job site.
For illustration purpose only
Site & Plans
Location and site material.
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