One of the largest development sites left in the city has attracted some serious interest from some serious players. The Journal is reporting that seven bids have been made for the first phase of Hunters Point South, a planned 6,000-unit housing complex in Queens that was originally to be the site of the Read More
The Commercial Observer:
Mr. Brause: Back in 2001 we net-leased the entire building, the Brewster building—400,000 square feet—to MetLife Insurance Company. Two years later, they exercised an option for us to build out another 300,000 square feet in the rear parcel Read More
As the friendly locals will happily explain, Long Island City isn’t actually in the middle of nowhere. It just feels that way.
It’s only one subway stop coming from Manhattan into Queens. But the first major grocery store opened less than two years ago, which is a bit rustic for city dwellers who expect instant Read More
Both the Foundry and L Haus, two Long Island City condo developments marketed by Prudential Douglas Elliman, seemed to be presenting themselves as urban oases—nooks of green in Queens. They offered outdoor space aplenty, plant-oriented décor in their sales offices, enormous bathtubs, green literature and logos, and, in the case of L Haus, a lime Read More
More from The Observer‘s archives for the year that almost was:
April 1
Robert Prichard hopes to illuminate Long Island City with some emphatic Times Square-style signage.
“I’d like it to be visible from the 59th Street Bridge,” he said. “First, it flashes ‘Queens,’ then ‘Bridge,’ then Read More
Welcome to the buyer’s market: Supply is up, demand is down, and prices are teetering. Brokers say buy now – after all, there are deals to be had! But what if you waited?
Here’s four areas (and one borough) where buyers would be fools to rush in now.
1. MANHATTAN
Read More
It’s not every day that you hear New Yorkers complaining about the absence of a Starbucks or a Duane Reade, but the chains that are so often maligned in Manhattan lately are just the type of convenience that people working in Long Island City miss the most.
When Deborah, a Citigroup employee, learned that Read More
The Financial Times‘ Jeremy Lemer parachutes into Long Island City and relays the massive changes in the neighborhood back to the folks in Europe.
Interestingly, he weaves how government actions, particularly zoning changes, helped spur LIC’s rapid development:
In 1981 it was zoned as a mixed use district. Then, as now, Romanesque Revival Read More
Robert Prichard hopes to illuminate Long Island City with some emphatic Times Square-style signage.
“I’d like it to be visible from the 59th Street Bridge,” he said. “First, it flashes ‘Queens,’ then ‘Bridge,’ then ‘Theater,’ and then ‘Queensbridge Theater.’ And then maybe an arrow that lights up and points down to our loading dock.” Read More
In an unusual arrangement, the City Council on Thursday voted to let a Long Island City business take advantage of tax breaks that usually go along with the Empire Zone in Jamaica.
The concept of these "regionally significant projects" is a little controversial, since Empire Zones are set up to benefit a particular Read More
