Clock Tower Building in Queens Plaza Sold for $15 Million

By Jeanmarie Evelly on May 14, 2014 9:46am 

 The building, once home to the Bank of Manhattan, was purchased by the Criterion Group, records show.
The building, once home to the Bank of Manhattan, was purchased by the Criterion Group, records show.
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DNAinfo/Ewa Kern-Jedrychowska

LONG ISLAND CITY — A former bank building in Queens Plaza known for its clock tower has been sold to a developer for $15 million, according to property records.

The Clock Tower building at 29-27 41st Ave. in Queens Plaza North, was purchased May 1 by the Criterion Group from owner Andover Realty, public records show. Curbed first reported the sale.

Calls to Criterion Group were not immediately returned Tuesday, though a rep for the Long Island City-based developer told Curbed it has no current plans for the property, according to the website.

The company is planning a 120-unit residential building at the site of the former Joe Abbracciamento Restaurant in Rego Park, as DNAinfo reported last month.

The Clock Tower building was built in 1927 and was once home to the Bank of Manhattan. In 2012, nonprofit arts group No Longer Empty transformed three floors of the building — including the former bank's vault — into a finance-themed art exhibit that lasted several months.

Another arts group, The Center for the Holographic Arts, started using space in the building for exhibits last September before moving out last month.

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