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.
A WAREHOUSE for Valentine’s Day is like a lump of coal for Christmas. Yet that’s the latest property leased by Amazon in NYC. Our path has been set and we’re destined to simply be a consumer market for the largest company on the planet. Meanwhile, last week that company announced that Virginia will get:[Read more…] about A Warehouse For Valentine’s Day
SNOW is temporary, apartment vacancies may stick around a little longer. The Real Deal reports that:
“At Tishman Speyers’ 1,871-unit Jackson Park, occupancy declined from 96 percent in 2019 to 59 percent as of September 2020” and “Rockrose’s 715-unit Linc LIC, at 43-10 Crescent Street, saw occupancy decline from 91 percent in 2019 to 67 percent in the third quarter of 2020.”[Read more…] about Occupancy Plummets In Two Massive LIC Rental Towers