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![]() The 33,150-square-foot site is T-shaped, with frontage along the Eleventh Street Basin, Vernon Boulevard and 46th Avenue. The property is home to the hulking four-story Paragon Paint Factory and has a primary address at 45-40 Vernon Boulevard. There will be a 24-space parking garage in the cellar, as well as bike parking and amenity space on the first floor. Those apartments will be spread across 236,229 square feet of residential space, which works out to an average, rental-sized unit of 798 square feet. The ground floor will have 10,461 square feet of retail, and residential will begin on the second floor, with nine to 22 units per story. The building will reach 295 feet into the air and house 296 apartments. Plans were filed Saturday for a 28-story mixed-use development designed by SHoP Architects at 5-49 46th Avenue, on the waterfront in the Hunters Point section of the neighborhood. Another day, another huge Long Island City tower.
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