News: Brokerage

Racanelli Construction Co. completes 120,000 s/f project in Queens for Piermont Properties

Queens, NY Racanelli Construction Company, Inc. completed a mixed-used project on behalf of Piermont Properties, Inc. The 120,000 s/f, eight-story building consists of 131 rental apartments, a 30,000 s/f second floor parking garage, a ground floor CVS store with parking, as well as lower level amenity spaces and future medical offices. Racanelli Construction served as the construction manager. The building officially named, Q-East Apartments, is located at 178-02 Hillside Ave.

Leading the Racanelli Construction project team was project executive Richard Racanelli. He was joined by project super Keith Wood, assistant project super Mike Brady, project manager Anthony Scorcia, assistant project manager Daniel Delahunty and project administrator Ann Sangemino. They worked closely with the owner’s representative, Haytham Gebara of NACMA.

Used in the building’s construction was a mix of concrete, brick, metal panels and heavy gauge studs. The building’s façade is composed of the brick and metal panels. Both wood and hollow metal doors and frames, windows, waterproofing and sheetrock were also applied in the structure. The interior was completed with paint, wall coverings, lighting and plumbing fixtures, LVT and ceramic tile, along with kitchen cabinets, solid surfaces and appliances. A centrally-located outdoor common courtyard along, individual balconies and terraces and large windows and storefronts enhance the project’s exterior.

Among the challenges Racanelli Construction had to overcome was the project’s location on an existing subway line. It required special monitoring, site excavation and foundation processes.

The project began in July 2016.

MORE FROM Brokerage

United Properties Corp. adds 380,354 s/f of Midwest retail to portfolio - reaching over 10 million s/f

East Meadow, NY United Properties Corp. has completed two significant retail acquisitions totaling $34.3 million across Ohio and Iowa. The portfolio has crossed 10 million s/f, boosted by 380,354 s/f of premier commercial shopping center space acquired in these purchases.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of