
As if what is visible to the naked eye is not enough, the wheeling and dealing and prospecting going on in this town makes Manhattan look like Arkansas. Especially on a per capita basis. Everywhere I look, both on the streets and in the news, deals and development are occurring at a frantic pace in Long Island City for both commercial and residential real estate. I have documented most of them here on this website, but they keep popping up like weeds and keeping track of their progress and locations is bewildering. All I can say is that if the building sales continue at this pace, and the construction(and financing) goes according to plan, three years from now LIC will look like Dubai .
Most people think of LIC as Hunters Point, Court Square, maybe Queens Plaza. But from a land mass perspective these comprise less than 50% of the acreage in LIC. The biggest “other” section is the area north of the Queensboro Bridge. Even here there are many different enclaves, but I’m just going to refer to them as the Northern Hinterlands. For those wanting greater distinction, the final two stories tell of a kooky local business and a just-reviewed by the New York Times restaurant located up there.
Developer Looks to Turn LIC’s Court Square into Nightlife Hub – beer hall, music venue, high end restaurants. You know, just like Disney World.
26-14 Jackson Avenue – 98-unit rental building scheduled to break ground in June (Google “Ekstein Development if this does not load correctly)
5-27 51st Avenue – 4-story condo building in the heart of Hunters Point, Condos!
Tower on the Rise In Greenpoint – relevant to LIC because it is just across Newtown Creek and is going to be a 210-unit rental building
$40 Million Paid for Innocuous Looking Industrial Building – in the hinterlands east, but another sign of all the wheeling and dealing
Corner Bistro LIC Review – hamburger good, beer cold
NY Times review of Bear – all of you clamoring for something different, this fits the bill
Legendary Indie Film Company – who knew on their way to Costco, that we were amidst cinematic greatness?