New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + Outer  + Apartments  | 
Groundbreaking Ceremony for Athena LIC ZL Capital

ZL Capital Breaks Ground on LIC Boutique Condo Project

ZL Capital held a groundbreaking ceremony Wednesday celebrating the start of construction of its new project, Athena LIC in the Hunter’s Point section of Long Island City. The nine-story boutique property at 27-20 42nd Rd. will consist of 51 residential units and four retail spaces. Construction is expected to be completed in early 2023. 

From the design and the selection of materials and appliances to the completion of construction, we want to make sure that residents feel they have made the right choice every time they step into their home,” said ZL Capital founder Yu Liu. “Athena LIC is where luxury meets comfort, fully meeting quality-of-life expectation.” 

ZL Capital acquired the Hunter’s Point industrial building for $15.5 million in 2020, with plans to transform it into the Athena LIC. Taxi-meter manufacturer Pulsar Technology Systems was the seller


Inside The Story

ZL Capital

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
New call-to-action