Sun Equity, Heskel Group are fully permitted for $3.5M build-out for Elmhurst Target that faced opposition

Sun Equity Partners, on June 3, was given a permit for a $3.5 million build-out for retailer Target at the two-story 40-25 82nd Street in Elmhurst, Queens.

The plans filed March 13, 2020, call for a renovation of the cellar and ground floor of the 35-foot tall, 2-story, building. Sun Equity and Heskel Group originally sought to build a larger mixed-use project which would have created 30 or 36 units of affordable housing among 120 planned apartments. But facing community opposition to that larger 14-story building, only the retail portion was pursued. The under-construction building will instead have no housing, affordable or otherwise. The developers applied for their initial temporary certificate of occupancy on December 9, 2019 but the city has yet to issue the TCO.

The project is described in the filings as: application herewith filed for interior build out for (Target) retail space. installation of partitions, as per plans. No change in use, egress or occupancy. No change to bulk. The initial cost as reported in the DOB filing for the work described in this permit application is $3,500,000.

Target occupies 23,580-square-feet of the building, making up the cellar and ground floor.

The property was acquired for $27 million on September 20, 2016.

Direct link to Acris document.LINK

Direct link to DOB document.LINK

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