TF Cornerstone launched leasing for their latest waterfront tower in Long Island City last week. Combined with the recent launch at 5Pointz, this should be a good litmus test for rental demand.[Read more…] about RE, RE, RE, RE, and Restorer In Long Island City
WHEN the cupboards are barren we talk about real estate here at LICtalk. And why not, it’s been awhile since our last update and things change fast in
these times a pandemic. It’s been six years since we last officially ran this series, today we’re going to do a modified version of it.
THE developer who owns the six-acre ‘Lake Vernon’ site on the waterfront has proposed a “green energy hub to power neighboring businesses” according to The New York Post. This was one of the plots originally slated to be tied into the Amazon proposal and the subsequent ‘Master Plan’ concept that arose out of that dissolution, the latter of which subsequently dissolved too for reasons that are still somewhat of a mystery.[Read more…] about ‘Green Energy’ Hub Proposed For Lake Vernon Waterfront Site In LIC
ANOTHER high profile storefront in Long Island City will be shutting its doors come the end of March. Something Sweet located at 49-10 Vernon Boulevard in Hunters Point opened five years ago during the summer of Sweet-16 (my how time flies). In addition to standard ice cream fare, they offered unusual flavors such as black sesame, green tea, and taro, as well as Thai ice cream rolls and bubble tea.[Read more…] about ‘Something Sweet’ Ice Cream On Vernon Boulevard Closing
A lot of tidbits but not a lot of meat for you today – that was earlier in the week. The 5Pointz affordable housing lottery for 337 apartments is now open. Yeah you could snag a brand new 3-bdrm in a luxury tower with lots of amenities like an indoor pool and basketball court for $3,200 a month, but given the reduction in local market rate pricing I’m not sure it’s much of a discount, even if it is stabilized going forward. And the surrounding neighborhood is only so-so due to the lack of nearby parks. My advice to eligible applicants would be to hold out for TF Cornerstone’s newest tower on Center Boulevard. It should be announced any
day month now and the location right on the park as well as within un-trafficked walking distance of multiple schools is as prime as it comes.