AvalonBay Awaits Design Approval on 539,000-SF Development

NEW YORK CITY-Now that AvalonBay Communities Inc. has begun the leasing process at phase one of Avalon Riverview, its New York City development debut, the Alexandria, VA-based developer is closing in on the design of its sibling. Next to go up is a 539,000-sf residential complex that will comprise roughly 600 rental apartment units on the Long Island City waterfront. The sticking point is whether the second phase should comprise separate structures for residences and amenities.

AvalonBay is making its New York City bow in the 74-acre planned development known as Queens West, directly across the East River from the United Nations. Ground was broken on the Riverview residential complex in December 2000 and the first phase, a 372-unit luxury high-rise rental property, is scheduled to be completed in October. The leasing office opened earlier this month and with move-ins will begin this spring.