Opening Soon

Paragon LIC

Long Island City · Residences

Paragon LIC is a 23-story, 262-foot, 182-unit waterfront condominium at 45-40 Vernon Boulevard in Long Island City, Queens, developed by ZD Jasper with architecture by Archimaera and interiors by MAWD, and marketed by SERHANT.

Official Website
Verified Sep 22, 2026~3 months to delivery
AnnouncedBreaking GroundConstructionOpening SoonNow Open
10.24
Start
2026
Completion
182
Units
23
Floors

Financed with $125M from iCross Capital in 2025.

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Details

45-40 Vernon Boulevard, Queens. 23 floors and 182 residences. Broke ground Oct 2024, completing 2026. Financed with $125M from iCross Capital in Spring 2025.

The story so far
Announced 202323-story mixed-use waterfront tower revealed for the former Paragon Paint Factory site, 45-40 Vernon Blvd, Long Island City
licpost.com
Broke ground Oct 2024Groundbreaking ceremony held for the 45-40 Vernon Boulevard waterfront development (Paragon), per project civil/marine engineer McLaren Engineering Group, Oct 2024
mgmclaren.com
Financing secured Apr 2025ZD Jasper closed a $125M construction loan from iCross Capital for 45-40 Vernon Boulevard, arranged by Arrow Real Estate Advisors, per The Real Deal
therealdeal.com
Topped out 2026New 23-story tower topped out (early 2026) per CityRealty; corrected address to 45-40 Vernon Blvd, LIC waterfront
cityrealty.com
Sales launched May 27, 2026ZD Jasper launched sales at Paragon LIC on 2026-05-27 with SERHANT. New Development leading marketing
businesswire.com
Closings set for November Jun 10, 2026ZD Jasper Realty expects the first closings at the 182-unit Paragon in November 2026, with studios to four-bedrooms priced $685,000 to $3.5M and units already in contract on the former Paragon Paint factory site.
commercialobserver.com
Expected opening 2026
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
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About the project

Paragon LIC is a 23-story, 262-foot, 182-unit waterfront condominium at 45-40 Vernon Boulevard in Long Island City, Queens, developed by ZD Jasper with architecture by Archimaera and interiors by MAWD, and marketed by SERHANT. The 192,500-square-foot tower rises 80 feet behind a restored 1930s paint factory, with copper-toned projecting frames and a glass-clad crown of vertical bronze fins, and includes ground-floor retail and a public waterfront park. Residences run from studios to four bedrooms with ceilings up to 12 feet, triple-paned floor-to-ceiling windows, marble kitchen countertops and in-unit washers and dryers. Amenities include a 24-hour attended lobby, a 20th-floor Sky Lounge, a landscaped rooftop terrace with pergolas and grilling stations, a fitness center with a fifth-floor outdoor fitness and yoga terrace, a private pickleball court, a golf simulator, a karaoke room, a children's play zone and a co-working lounge with billiards. Facade installation is complete and occupancy is anticipated to begin in fall 2026.

Developer & design
Common questions

Frequently asked

Where is Paragon LIC located?

Paragon LIC is located in Long Island City.

When will Paragon LIC open?

Paragon LIC is opening soon, with completion expected in 2026.

Who is developing Paragon LIC?

ZD Jasper Realty is the developer behind Paragon LIC.

Who designed Paragon LIC?

Paragon LIC was designed by Archimaera, MAWD.

How big is Paragon LIC?

Paragon LIC rises 23 stories with 182 residences.