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](https://newdevrev.com/wp-content/uploads/2023/06/Evening-rendering-of-The-Orchard-at-42-02-Orchard-Street-Courtesy-of-BLDG-Management-Company-660x440.jpg)
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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