If anyone is wondering exactly where the water table lies on the coast of LIC this picture should answer your question! But, what a view! This lot is located on the East River at Vernon Boulevard and 44th Avenue, and a huge lot it is. Over the past several years there have been several plans and a couple of owners. Well, it seems action is finally happening. According to the construction folks on site, excavation is nearly complete and the foundation work should start any day. There is a building permit on the DOB website which indicates a 29 story building going up, with 546,772 square feet of residential space. The owner, whose office I spoke to, is reluctant to reveal details just yet, so if anyone has further info or renderings, pass it on.