A full sleight of professional pigskin is on tap for Sunday, though these days we get it Thur/Fri too. Toggle that with the US Open Finals, the sun setting before 7, and more schoolkids on the 7, and Fall must be nigh. News starts to flow, and though it was pretty much a fait accompli, One LIC was passed by the City Council this week. Does it matter?
We have long contended that upzoning alone does not produce new housing, it’s the economy stupid. Nothing confirms this more than the also not-unexpected news that the 3200-unit Innovation QNS project was scrapped almost three years after it was approved. Why? The economy stupid. It’s cooled, or lukewarm, possibly simmering, but not hot enough to build in a marginal location. Which ex the Plaxall properties OneLIC largely is. You might get a few loosies, but far from a new skyline a la Court Sq/Queens Plaza.
That’s all for now, but as we look ahead on the calendar, Halloween LIC appears to actually occur on Halloween this year, and Vernon Boulevard will be closed in the evening (4:30-6:30pm) rather than midday. Plus ca change…
City Planning Commission approves Long Island City rezoning
$2B Queens project dead, but smaller ones planned
Designer Dress Brand Faviana Files Plans to Build Warehouse in Long Island City
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