A rendering has been released for a planned mid-rise residential development in western Queens, according to New York YIMBY. The project, called Vernon Point, is slated to rise 16 stories at 44-68 Vernon Boulevard in the Hunters Point section of Long Island City. Designed by Archimaera and developed by Elmrod Management, the structure will span approximately 142,697 square feet and deliver 161 residential units alongside ground-level commercial space. The site is bounded by 44th Drive to the north, 45th Avenue to the south, and Vernon Boulevard to the east.
ParkPoint Perspective
Hunters Point has remained one of the more active development corridors in the outer boroughs, where land scarcity and waterfront proximity continue to support residential demand. A project of this scale — over 160 units in a supply-constrained submarket — suggests sustained developer confidence in Long Island City’s absorption capacity. Investors may read this as a signal that replacement cost underwriting remains viable in select Queens submarkets, though rising construction costs and extended permitting timelines warrant careful execution risk assessment on comparable ground-up opportunities.
Source: New York YIMBY