When we last stopped by 27-05 41st Avenue in April, we noted that construction was near top out.1 The building has indeed topped out since then, and facade work has started with pipe scaffolding being installed, as seen in the photo below. Construction permits call for a six-story mixed-used building with 30,041 square feet of residential space and 6,970 square feet of commercial space.2
The original timeline for the project was December 2014 according to on-site signage.

A view of 27-05 41st Avenue