A thousand reasons to love Long Island City. Tips: Editor@LICtalk.com
New York City is looking at reviving prior development plans for the HQ2 site according to James Padgett the President of the Economic Development Corp (EDC) in [Read more…] about City Looks To Revive Prior Development Plans For HQ2 Site
Got a few million to spare and already own a home in LIC? Maybe you should take a shot on a local investment property then. Several different types of opportunities are currently available on the Modern Spaces website. Most significant is the ground floor retail space in the Zipper Building on 48th Avenue offered as a condominium. This gut renovation has been a construction site for at least a decade, but is finally looking to be coming to a close, or maybe an opening, after changing hands several times over the years. The retail portion is being offered as a condominium with 10,400 square feet on the ground level and an additional 5,000 in the basement, 18′ ceilings and large windows. It thus has the potential to be the most prominent retail space in Hunters Point. [Read more…] about Huge 48th Avenue Retail Space Comes to Market in LIC
MAYER Malbin, “New York’s Premier Supplier of Pipes, Valves & Fittings,” is leaving their home in Long Island City after nearly a century. The company just purchased a 41,000 sq ft building and land in Woodside for their office and distribution center, a deal brokered by Brian Jaffe at Jaffe Realty LLC. The price they paid was $22.75 million, which to neophytes including myself might seem a meaningless number, until contrasted with what the seller paid for the building only last year: $9 million.
Yikes, that’s a walloping premium, what could the 4th generation descendants of poor Mayer who currently run the business be thinking (or smoking)? [Read more…] about MAYER MALBIN IS LEAVING LIC, 4000 MORE APARTMENTS COMING?
The only thing that is constant is change – Heraclitus circa 500 BC
POLLS can be funny, so I try not to read too much into them. Let’s take one released this week showing 60% of Queens residents favor Amazon coming here. Maybe. More likely 60% are neutral or “Don’t Know” where they stand on HQ2 in LIC. If the deal really is even-handed that’s where the majority should sit under the bell-curve of a standard distribution. But that doesn’t make headlines.
Well thought out analysis can also be buried in favor of sensationalism. The most eloquent opinion piece I have read in the morass that has been written about HQ2 in the last month, was scripted by Seth Bornstein who heads the Queens Economic Development Corp. which despite its industrialist-like moniker is largely dedicated to helping out people from modest backgrounds. Having read his monthly letters for years, I can tell you that Seth knows Queens. He also knows the history of New York City, which in a nutshell is that it’s always changing, and usually at a faster pace than the rest of the world. [Read more…] about HQ2 YEA/NAY, KATZ TO JVB TO O’LEARY, CHANGE A KUMON’, 80%?
Everybody go: Hotel, motel, Holiday Inn
You see, if your girl starts acting up, then you take her friend
I loved yodels as a kid, which is what I think of whenever I hear about the hotel chain Yotel. Or maybe yogurt, or motels, but it’s definitely not mohels. Or maybe the cool robotic arm they call a concierge that’s visible from the street at its 10th Avenue location. Hal would be proud. Or maybe I ask myself ‘Can you shoehorn a family of four into their standard mini-room?’ Anyway yesterday the company announced they’ll be opening their second NYC hotel in LIC. No location was given but a little snooping indicates it might be [Read more…] about YOTEL OPENING SECOND NYC LOCATION IN LIC