lictalk.com

A thousand reasons to love Long Island City. Tips: Editor@LICtalk.com

You are here: Home / Archives for Real Estate

Real Estate

‘Lake Vernon’ Waterfront Plot Restarts Development Process

by 1 Comment

Friedrich? What part of Ireland are you from?

A five-acre waterfront plot at 44-02 Vernon Boulevard has chosen a developer in a sign that the long vacant site might be stirring according to the trade magazine Commercial Observer.  Occasionally referred to as ‘Lake Vernon’ by locals due to it frequently having water pooled in a pit created by reclamation efforts, abuts the northern border of the DOE Building and Waters Edge Restaurant on 44th Drive.  This primo piece of land is currently zoned to allow one million square feet of residential, which by my reckoning is way over 1,000 new units.  More significantly, the managing partner Bruce Teitelbaum, had pitched a plan in 2015 that would include a pedestrian bridge to Roosevelt Island in return for allowing even more buildable feet.

This plan was hatched prior to: [Read more…] about ‘Lake Vernon’ Waterfront Plot Restarts Development Process

Building Continues in Long Island City Despite Amazon

by 3 Comments

Hershey Farms?

Must all news in Long Island City continue to be framed by Amazon?  Sadly yes, at least for the next few months.  Life goes on, though somewhat drearily (and cold), as does building.  The Court Square Blog updates us on two super-large towers coming to Court Square and Queens Plaza respectively.  Like the flowers weeks away, they are starting to spring from the earth.  One will be [Read more…] about Building Continues in Long Island City Despite Amazon

Cuomo to Bezos “Furiously” Trying to Bring Back Amazon

by 3 Comments

It’s a dog’s life

So, I want you to get up now. I want all of you to get up out of your chairs. I want you to get up right now and go to the window. Open it, and stick your head out, and yell: ‘I’m as mad as hell, and I’m not gonna take this anymore!’

I was really close to running a post entitled “Slim Pickings in Long Island City Post-Amazon” when news filtered out about a last gasp at bringing back Amazon.  Yesterday came the report from QNS.com about Josh Bowen the founder of JB Smokehouse personally trekking out to Seattle to try to get Amazon to reconsider, an effort I viewed in the manner of Don Quixote.  BUT, the media loves a good story and it slowly trickled out of LIC.  THEN, The New York Times reported late today that Mario Cuomo has also been begging appealing to Amazon to reconsider,  including garnering a phone conversation with Pontiff Bezos.  PLUS a letter signed by multiple NYC cognoscenti, including the pontiff of NYC, David Solomon – and many other recognizable cardinals with pull, will be published in tomorrow’s Times,  ALL of which lead to the headline above, and what effectively counts as LICtalk’s first ever double-issue. WHOA, that’s serious, time for all of us to go to the window…

Cuomo Speaks With Bezos, Furiously Trying to Win Back Amazon – yes, Bezos!

NY Leaders Urge Amazon to Reconsider – NY Times letter

QueensBridge Grapples with Amazon HQ2 Fallout – yo Mike n Jimmy “Aramark, a food and retail service provider, was looking to hire 300-500 workers on the spot for Citi Field in Flushing Meadows–Corona Park, at pay rates of $15.25 to $16.70 an hour, and hired a couple dozen workers from the nearby Astoria Houses, according to Urban Upbound workers.”

—————– Part II aka ‘Slim Pickings’ ————————–

What’s next for Anable Basin?  Oh wait, that was last week’s topic, and possibly next week’s too.  Or maybe we can discuss apartment prices pre/post/past Amazon?  I am truly curious to what extent buyers in the middle go through with their impulsive purchases.  [Read more…] about Cuomo to Bezos “Furiously” Trying to Bring Back Amazon

Huge 48th Avenue Retail Space Comes to Market in LIC

by 1 Comment

The Zipper Building LIC

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