lic partnership

Long Island City Real Estate 2019: Lotsa Buzz, Slim Pickings

April 4, 2019 by editor 2 Comments

Every year since 2012 I have marveled at the growth of the LIC Partnership’s Annual Real Estate Breakfast This year was no exception, as the newest location (as of last year), the Ravel Hotel, could barely contain all the attendees, as opposed to being almost full last year. Nevertheless I couldn’t help but analogize the burgeoning interest in Long Island City Real Estate to other buzzy locales. Are we at the Bushwick or Williamsburg phase of development? Or has LIC jumped the shark? Or maybe I’m being too critical, as seven years covering the local beat counts as “experienced” in LIC whereas one would just be finishing up an apprenticeship in Manhattan. Or I’m just jaded.

Anyway, as in the recent past the focus of this year’s breakfast was primarily on office space. Interesting tidbits included [Read more…] about Long Island City Real Estate 2019: Lotsa Buzz, Slim Pickings

Huge 48th Avenue Retail Space Comes to Market in LIC

February 13, 2019 by editor 3 Comments

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

CAKE FOR BREAKFAST IN LONG ISLAND CITY

April 12, 2018 by editor 2 Comments

THIS time last year as I was exiting the LIC Partnership’s Annual Real Estate Breakfast, I went to grab one final danish for the road when a gravelly voice from behind the buffet advised “Leave the danish, take the cake.” That cake happened to be a slice of the signature mille-crepe gateau from Lady M Confections, which you can purchase whole for eighty bucks at one of their ultra-high end boutiques in Manhattan or in numerous upscale locales worldwide (there’s a real affinity for it in Asia!?!). Yet it was manufactured on a quiet side street in Long Island City.

I share that anecdote because through no fault of the LIC Partnership, both real estate and confabs about it in Long Island City have increasingly focused on the commercial side as opposed to residential, a trend I noted two years ago.

In fact, the LICP acknowledged this change in opening comments this morning, and it’s why the local panel of speakers [Read more…] about CAKE FOR BREAKFAST IN LONG ISLAND CITY

IS LONG ISLAND CITY PLAYED OUT?

March 16, 2017 by editor Leave a Comment

Where's the guy with the inside scoop? — Where’s the guy with the inside scoop?

SO, the annual LIC Partnership Real Estate Breakfast took place this morning. There is not a lot to share. While it’s still a great event to network at and meet the big local RE players – many of whom were in attendance, the presentation and panel were a little stale. Now in fairness, I’m not sure there’s much meat left on the bone in terms of the LIC transformation. At this point we can tangibly see a lot of the growth, and that which is on the drawing boards has already been revealed. Furthermore, there are few, if any, undiscovered gems, as most landowners are aware of what’s going on, some a little too optimistically.

In light of this, the LICP Breakfast line-up needs some pizzazz. Might I suggest [Read more…] about IS LONG ISLAND CITY PLAYED OUT?

BEER HALL COMING TO BORDEN AVENUE

June 22, 2016 by editor 3 Comments

Admit that the waters around you have grown

A new beer hall is coming to the Blanchard Building on Borden Avenue according to Patrick Sweeney of Related Companies, which is the new owner of the building. This information was buried in an article in yesterday’s New York Times about how the fashion industry has been gobbling up commercial space in LIC to the extent that it very well may become the second coming of the garment center, or actually replace it all-together. We’re happy to mine the crumbs of this esteemed newspaper to wring a great headline1- even if unlike the NYT we can’t get a call back from Related. We’re also very happy to have yet another tremendous beer offering coming to LIC.

//I’d also be very happy to be acknowledged by said newspaper as being [Read more…] about BEER HALL COMING TO BORDEN AVENUE

and scoop? [↩]