WHILE many in LIC are in the midst of a summer slumber during the August work slow down, the local real estate business is in full swing. Whether it be the the sight of cranes swinging and the sounds of hammers banging, or the less visceral headlines of buildings sprouting and transactions happening, Long Island City continues to hum.
Here’s a rundown of those headlines and tallies: “Novo LIC Condo in Dutch Kills Sells Out (all 65 units) in 10 Months”; “The Orchard, Soon To Be Tallest Building In Queens, In Construction (completion 2026)”; “Ariel, 34-Unit Building in LIC Leased Out in Just 3 Weeks”; “The Alchemy, Launched Sales July 12 and Currently 50% Sold”. You get the picture.
Whatever is happening nationwide, economy-wide, and interest rate-wise, is having little effect on LIC. With rents at top dollar citywide, people are gravitating to our slightly lower price-points than Manhattan and northern Brooklyn, or looking to avoid potential future rental increases by buying. Don’t know how or when it stops, but for now enjoy the run.
//The Waterfront Club is the name of the new restaurant and bar going into the old BLVD Wine Bar location on Center Boulevard per the signage on the door. Opening date still tbd.
//Khazana is the name of the new Indian restaurant that takes over the space of what used to be called Tikka Masala in Hunters Point.
Luxury Condo NOVO LIC in Dutch Kills Announces Sell Out – you’d think it were a birthing announcement
The Orchard, Soon To Be Tallest Building in LIC, Is Taking Shape – birthing redux
School Construction Authority Moving to 1 Court Square – taking 11 floors in what was fka the Citigroup Building
Emily Fisher Landau’s Art Collection Could Fetch $500 Mil – used to be housed in her private museum in Dutch Kills