United Hoisting Company and JNY Capital are teaming up to bring a roughly 400,000-square-foot commercial project to Long Island City. The development will go up at 38-42 12th Street, which United Hoisting Company owns and which JNY Capital has joined as a joint venture partner in a $32.5 million deal. The project will include retail, office and entertainment space. It will also have multiple parking spots, although United’s Joe Covello cautioned that it was still
source https://therealdeal.com/2020/03/19/joint-venture-plans-400k-sf-commercial-project-for-lic/
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