SO, the annual LIC Partnership Real Estate Breakfast took place this morning. There is not a lot to share. While it’s still a great event to network at and meet the big local RE players – many of whom were in attendance, the presentation and panel were a little stale. Now in fairness, I’m not sure there’s much meat left on the bone in terms of the LIC transformation. At this point we can tangibly see a lot of the growth, and that which is on the drawing boards has already been revealed. Furthermore, there are few, if any, undiscovered gems, as most landowners are aware of what’s going on, some a little too optimistically.
In light of this, the LICP Breakfast line-up needs some pizzazz. Might I suggest a local expert who actually lives here and knows all facets of doing so, and integrates it into his or her analysis? Maybe even someone a little controversial? Of course that person also has to have a full understanding of the current demand and supply levers, both in LIC and citywide, and not just those garnered from compiled statistics. Of course. My guess is the attendees, especially those heavy hitters, would love to get a first hand look from someone with those insights. Might there be such a person?
Anyway, while we’re talking about statistics, here’s a few supplied in a handout by the LICP:
8,945 = the number of new apartment units expected to come online in 2017
3.5 Million Square Feet = new office space expected by 2020, versus a current base of 6.8 million
2,900/4,600 = # of current hotel rooms in LIC/# hotel rooms in construction or planning phase
253,000 Sq Ft/395,000 = retail in mixed-use buildings currently/retail in mixed-use to be added by 2020
While we’re on the subject of retail, one interesting tidbit gleaned from the panel, came from Andrew Kurd who oversees the Citi Building for its owner, Savanna. According to Andrew, they are considering turning the 5-story adjacent annex to that building, into a retail center. Now if by retail he means a 21st century version of a food court, then by all means. Otherwise, I’m hard-pressed to understand what else would attract shoppers in that neighborhood.
//KIDS Soccer – the Long Island City Soccer Club’s outdoor season begins Sunday, April 2. Located in the heart of Hunters Point on the Gantry Field across from PS78, this is a great way to introduce your kids to the beautiful game of soccer in a non-stressful approach, or to further skills on the way to becoming a serious soccer player. All boys and girls welcome. Ages 2.5 – 4 and 5 – 7 are at 3:30pm and ages 8 and up at 4:30pm. It’s 17 sessions run thru July 30 and the cost is $340. For more info contact email@example.com and check out their website.
Full Agenda/Statistics From LIC Partnership 2017 Breakfast – the info may be a little stale, but the pastries from Lady M Bakery in LIC were very fresh, and delicious!
Snow Storm Video from Gantry Park on NY Times – 80 second time-lapse video of this weeks storm, from beginning to end, as it plays out over the field in Gantry Park and the city skyline. Only in/from LIC!
LargaVista Picks Up LIC Warehouse for $27 Million - near Queens Plaza South
LinkNYC Arrives in Court Square – free wifi for all Lenin read in Marx
LIC Man Gets 1-Year in Jail for Dropping Dog Out Window – it was a chihuahua
LIC-based Major World Engaged in Predatory Lending per City – and bad advertising too
ChurchKey Opens Door for Transmitter Brewing – local brewery going national, craft beer style anyway