Category Archives: Real Estate

DUTCH KILLS TOWNHOUSE PUT ON MARKET FOR $5.5 MILLION

Meanwhile at the other end of LIC

Meanwhile at the other end of LIC

A townhouse in Dutch Kills was just put on the market for $5.5 million according to a lengthy article about it in The Wall Street Journal.  A former Queens firehouse purchased in 1981 by the seller, it underwent Continue reading

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GREEN STREET SHUT DOWN FOR TAXES & MORE RESTAURANT NEWS

La Grenouille? Non

La Grenouille? Non, mais tres a propos

ACCORDING to a large yellow sticker on the front door of The Green Street the property has been seized for non-payment of taxes.  The all-natural Korean Bbq restaurant located on 47th Road between Vernon and 11th Street has only been open for about a year and a half.

In other restaurant news Continue reading

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BIG DIG PLOWS FORWARD AND ‘WE ARE FAMILY’ IN LIC

Gone fishin'

Gone fishin’

Living life is fun and we’ve just begun
To get our share of the world’s delights
(High!) high hopes we have for the future
And our goal’s in sight

THE next step in the quest to deck over and develop Sunnyside Yards has been announced.  An architecture firm has been hired by the city to form a master plan for the massive development.  In addition the city created a local steering committee which according to Curbed “will spend the next 18 months organizing public meetings and workshops to elicit feedback from Queens residents on how best to proceed with the megaproject’s development, and address the needs of local residents.”

My thoughts on this project are well-known: Continue reading

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HAPPY FRIDAY …OH, AND THE 7-TRAIN IS DOWN THIS WEEKEND

Blossoming in LIC, but no cherries

Blossoming in LIC, but no cherries

WHAT’S up with all the last minute weekend 7-train closures this year? According to The Wall Street Journal it’s due to Continue reading

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HUNTERS POINT SOUTH PARK PHASE 2 TO OPEN LATE JUNE

On the firing line at Astoria Seafood

On the firing line at Astoria Seafood

TWO of my writers were poached by The New Yorker this month so I’ve had to rely on my own faculties to dig up scoops.  Fortunately in a quick perusal of the Hunters Point Parks Conservancy’s newsletter I caught a recap of their community meeting last night which revealed that Phase 2 of Hunters Point Park South will open in late June according to a presenter at the meeting from the EDC.  This is the southern portion of the park, past the volleyball court/LIC Landing, which is supposed to be more “contemplative” and which will NOT include a playground for older kids.  As a consolation the HPPC newsletter also reported that The Wizard of Oz will be the first movie they present at the Oval this year on May 18.

//MORE real estate news for you RE junkies, and in my mind this one’s a big one. Continue reading

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SPRING EVENTS IN LIC TRUMP NEWS

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Here’s my science project teach’

There’s a starman waiting in the sky
He’d like to come and meet us
But he thinks he’d blow our minds

After comprehensively collecting all the data, painstakingly putting it to paper while trying to figure out the complex instructions in order to conform to regulations, and finally staying up late into the night to meet the deadline, the yearly crush is now over! Continue reading

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CAKE FOR BREAKFAST IN LONG ISLAND CITY

Hobnobbing at the Ravel

Hobnobbing at the Ravel Hotel

THIS time last year as I was exiting the LIC Partnership’s Annual Real Estate Breakfast, I went to grab one final danish for the road when a gravelly voice from behind the buffet advised “Leave the danish, take the cake.”  That cake happened to be a slice of the signature mille-crepe gateau from Lady M Confections, which you can purchase whole for eighty bucks at one of their ultra-high end boutiques in Manhattan or in numerous upscale locales worldwide (there’s a real affinity for it in Asia!?!).  Yet it was manufactured on a quiet side street in Long Island City.

I share that anecdote because through no fault of the LIC Partnership, both real estate and confabs about it in Long Island City have increasingly focused on the commercial side as opposed to residential, a trend I noted two years ago.

In fact, the LICP acknowledged this change in opening comments this morning, and it’s why the local panel of speakers Continue reading

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BEING PLAYED LIKE A FIDDLE WITH LIC IN THE MIDDLE

“Here’s to alcohol: the cause of, and solution to, all of life’s problems.”

“Here’s to alcohol: the cause of, and solution to, all of life’s problems.”

“the mayor’s commitment to hitting numerical goals {in affordable housing} has created a potential difficulty for city negotiators in their dealings with developers, who are aware of the targets. For some housing experts, the situation was akin to an apple vendor advertising to customers: Must sell out by the end of the day; make me an offer”

You want to know why a big developer like TF Cornerstone gets a seemingly great deal on city-owned land such as Water’s Edge?  Or why the Anable Basin Rezoning includes an audacious 5,000 units, and 70-story tower?  The quote above from The New York Times this week is your answer in a nutshell.  It’s also the reason that Continue reading

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PROTEST -> MASTER PLAN -> BRIDGE

 

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I’m just trying to find the bridge
Has anybody seen the bridge?
Please
Have you seen the bridge?
I ain’t seen the bridge!
Where’s that confounded bridge?

THERE’S going to be a protest this Saturday.  In general, the impetus behind it is to make sure the LIC community has a say in the development of three adjacent waterfront plots: Anable Basin, Waters Edge, and Lake Vernon.  Of equal importance is the request to recognize and rezone these three lots as a whole, not in isolation. The belief is that in doing so it will not only optimize the space for the neighborhood but also for the city, inasmuch as it will allow more comprehensive planning and be able to incorporate much larger economies of scale and/or amortization of concessions. The most obvious example, and one near and dear to The Editor’s heart, is a rec center.1

The logic of creating a Master Plan for the three lots is self-evident, yet the powers-that-be have been completely dormant in recognizing the tremendous opportunity right in front of them.  That’s what the protest is for!

Now, while the Rec Center is the most obvious oversight, and almost de rigeur when talking about concessions for variances or granting a rezoning, there’s another need that also lends itself to amortization, and frankly might be more timely than even, ahem …affordable housing.  That would be Continue reading

  1. and that rec center can also be optimally located where the most people could potentially have the closest walk to get there: on 5th Street & 46th Rd. []
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TF CORNERSTONE GREATLY SLASHES HUNTERS POINT SOUTH PLANS

CORRECTION: The Real Deal has just amended their story and forgot to include that the 2nd tower, of 56-stories, had previously been filed in October.  Thus the plan is basically in its original form of 1000+ units, plus school, and maybe a Shake Shack.  Never mind.

TF Cornerstone has taken a big knife to their plans for Parcel C in Hunters Point South according to The Real Deal.  The latest iteration contains only ~400 units in a single 46-story tower versus 1,200 units in a pair of 55 & 44-story towers Continue reading

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