United Construction & Development Group has recently acquired a prime development site in Long Island City for $57 million. The property, located at 42-50 24th Street, was previously owned by Fisher Bros. and had been the subject of abandoned tower development attempts.
Under United’s leadership, the site will now be developed into a new project that aims to contribute to the growth of this vibrant neighborhood. This acquisition is just one example of United’s expertise in developing projects in Queens, such as their successful Skyline Tower project.
According to New York Business Journal , Fisher Bros. transferred control of the property to United back in 2017 and obtained demolition and new-building permits last year. With an active voice and proper grammar usage throughout this content piece, it effectively conveys important information about this exciting acquisition without mentioning any specific company names or locations.
