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Developer Secures $425M Loan for 69-Story Residential Skyscraper at 42-02 Orchard Street in Long Island City, Queens

Evening rendering of The Orchard at 42-02 Orchard Street - Courtesy of BLDG Management Company — Evening rendering of The Orchard at 42-02 Orchard Street – Courtesy of BLDG Management Company

Source: New York Yimby

BLDG Management Company has secured a $425 million loan to complete a 69-story residential skyscraper in Long Island City, Queens. The development, known as The Orchard, will take shape at 42-02 Orchard Street and debut as the tallest residential building in the neighborhood.

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