Incoco Capital, along with developers Charney Companies and Tavros, held the groundbreaking of a 55-story residential tower in Long Island City’s Court Square. The future condominium encompasses both 24-19 Jackson Ave. and 45-03 23rd St.. The formal name for the building has not yet been determined.

“Our dream of creating condos in one of the most electric neighborhoods in New York City is now becoming a reality,” said Sam Charney, principal, Charney Companies. “Our journey to groundbreaking has been one of perseverance, challenging work and vision, all supported by a world-class team of professionals, colleagues and of course, our partners.”

Charney and Tavros spent years assembling properties for the Court Square high-rise, beginning in 2016. Eventually, they bought seven contiguous townhouse properties, along with air rights from two other properties. The project site was completed in 2022 when new partner Incoco Capital acquired additional land from Japanese hotel chain Toyoko, doubling the size of the original site.

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