ONE million square feet of office space is up for lease in the Citi Building in Court Square as Citigroup consolidates according to the New York Post. That’s a lot I think. In addition, YIMBY revealed that a 24-story spec1 office building containing 400k sq. ft. is coming to Queens Plaza South. Ahh, 24 stories, that’s a lot easier to comprehend spacially – but I’m glad they also supplied a picture. As for the Citi building, a million square feet is roughly 2/3 of the tower. Yeah, a lot.
In order to attract commercial tenant(s), the owner of the Citi building plans on transforming the 5-story retail “atrium” to include a 17,000 square foot food hall, all of which they hope will also attract the burgeoning nearby residential community when it opens in mid-2020.
Almost as an addendum, there is also a more moderately sized food hall coming to the LIC/Astoria border, which is expecting to open before year-end, and the Blanchard Building on Borden Ave. unveiled it’s new look this week and it’s +200k sq ft are available for commercial tenants immediately.
Citi Consolidation Opens A Million Square Feet in LIC – one million
Major Queens Office Tower Revealed at 23-10 Queens Plaza South – 24 stories bringing 400k sq ft of new office space to LIC
The Plan: A New Food Hall for Astoria – on the LIC Border under the subway tracks
Gunman Hunted in Double LIC Shooting – outside the Melrose Ballroom at 4am on July 21
- as in speculative, as in being built on spec that they can fill it, as in they have no tenants currently lined up, as in it’s a total crapshoot, as in it must be getting built using OPM [↩]