A Chinese developer is planning a 95-story condo tower overlooking the Hudson River and Manhattan according to Bloomberg News. Slated to have 760 units, here is the chunk of the story most relevant to Long Island City:
“The project shows how Jersey City has become a refuge and market of choice for a mix of empty-nesters and buyers priced out of Manhattan, Fulop said in an interview. The plan, calling for condos ranging from one to three bedrooms, shows that the city is attracting more families and others who want to buy homes and remain there.
“This building will literally have the best view in the world,” Fulop said. “It’s going to have panoramic views of the Statue of Liberty, Ellis Island and the New York City skyline.”
The final project will include an affordable-housing component, to be determined, Fulop said.
Hmm, this all sounds very familiar. Might De Blasio’s desire to increase density levels in order to provide more affordable housing in NYC lead to LIC’s first 80+ story skyscraper?
I haven’t a clue, but I do know that in market rate land another Hunters Point landmark just traded hands at over five times the previous sales price in 2002. It’s the Corrieri Refuse building across 5th Street from Duane Reade. Nice trade!
Jersey City to Get 95-Story Waterfront Tower – a lot of supply coming on in NYC/NJ already: “In Jersey City, about 6,000 residential units are under construction, and 18,000 more have been approved”
Four-Story Building Near LIC Waterfront Sells for $12 million – “We never refuse refuse”
Come for the Ceviche, Stay for the Beef Heart at LIC’s Jora – a nice big, picture-laden write-up.
Bicyclist Killed by Garbage Truck Driver in LIC – at 41st Ave and Vernon
[…] folks, remember back in January when I wrote about Jersey City getting a 95-story tower and wondered how long before we do? Well guess what, it didn’t take very long. Yes, it is […]