Modern Home Builder - Winter 2016 - Volume 2 - 147
prices possible for their land in a joint venture while still being
financeable for Charney Construction & Development. Charney
says the company accomplishes this by deferring payments to the
end of the project in some cases.
The expertise of Charney Construction & Development can be
seen in every project the company has completed over the years,
including its latest project, 11-51 47th Ave. in Long Island City.
Charney says the company is excited about the potential for the
11-story condominium development, especially considering how
unique and challenging the work has been.
The 11-51 47th Ave. project consists of 56 residential units, 21
parking spaces and ground-floor retail space. Featuring a 24-hour
doorman, a luxury fitness center, high-end appliances and natural stone finishes, the project represents a unique addition to the
landscape of Long Island City. "The idea is really to have a product
that is the type of luxury loft product that has existed in SoHo and
Tribeca, but hasn't really existed in the boroughs," Charney says.
The project's exterior features an architectural concrete façade,
which requires a lot of experience and skill to make work, but
Charney says the company has the skill necessary to get the formwork done properly.
"In the end, it yields a really beautiful industrial looking product," he says.
The corner of the property includes a subway entrance, so
working closely with the MTA and all relevant city authorities for
public transportation has been a high priority in the early stages
of the 11-51 47th Ave. project, but Charney says the company has
been able to keep things on track and on schedule so far.
The recent changes to Long Island City and Brooklyn have been
a boon for many developers in the New York City metro area, but
Charney says Charney Construction & Development stands to
benefit from that activity more than most of them because of the
company's close ties to the boroughs.
"It's really helped us because we have been based in the boroughs, and when people look to team up with a development and
construction partner in the boroughs, they look to us," Charney
says, adding that Charney Construction & Development works
well with these partners because of its open and honest approach
to building bringing a transparency to the development and construction process typically uncommon throughout the industry. )
Winter 2016 Volume 2 www.mhb-magazine.com