Developer files $40.3M condo plan for Kew Gardens

Developers Maohua Dong and Gang Xie filed plans this month for a ground up 32-unit, mixed-use condominium project in Kew Gardens, Queens, with a total sellout price of $40.3 million.

The plan was filed with the New York State Attorney General’s office on September 10 and has not yet been recorded as accepted. Typically, there are several months between submission date and acceptance. Once accepted, a developer may begin marketing the units for sale.

The plan, called the Kew Gardens Tower, is at 124-28 Queens Boulevard, and will have 32 residential units, 10 professional units, two commercial units, 10 parking unit and seven “other” units, according to the filing.

The project has the Plan ID CD200238.

The developer through the company Luciano LLC, acquired the parcel in 2015 for $6.5 million, and obtained a land and construction loan totaling $12.5 million from Preferred Bank in July 2017.

The developer filed new building plans for 49,612-square-foot mixed-use building in August 2015,  and those plans were permitted in April 2017. The developer filed for an initial temporary certificate of occupancy in August 2019 but none has been issued.