Tag Archives: long island city

Sad Memorial in Long Island City Hopefully Brings Solutions

A sad memorial was held Saturday afternoon on Borden Avenue at the location where 53-year old bicyclist Robert Spencer was killed Thursday morning.  According to the Queens Daily Eagle, many of his family members and friends were in attendance, as were a few local pols and bicycle advocates.  While the article below hints at some finger-pointing in terms of responsibility, Continue reading

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Cyclist Killed Near Center Boulevard in LIC This Morning

Accident scene

 

3pm: See update and links below

A reader has shared the horrible news that a bicyclist was killed in Hunters Point this morning.  It apparently occurred around 9am on 2nd Street and Borden Avenue when the rider was hit by a car.  Per the photo above it looks like a silver Chrysler sedan remained in the cordoned-off accident site.  One witness said Continue reading

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Cuomo to Bezos “Furiously” Trying to Bring Back Amazon

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 ReconsiderNY 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.  Continue reading

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TRANSMITTER BREWING LEAVING LONG ISLAND CITY FOR NAVY YARD

Beer going, flowers still here

Ship ahoy, Transmitter Brewing is setting sail for the Brooklyn Navy Yard.  Begun in 2014 in a location under the Pulaski Bridge, the successful brewery requires a Continue reading

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CONDO CRAZY IN LONG ISLAND CITY?

Not too many condos along the waterfront

YOU’VE undoubtedly heard that condos in LIC are selling like hot cakes and Open Houses are jammed post-Amazon.  There’s probably some hyperbole in there – that’s the news business (and real estate brokers) – and it’s important to remember any mention of tripling and quadrupling is off a very low base.  Yet for all the obvious reasons purchasing property in Long Island City has become the topic du jour month in NYC and worldwide.

Which is why I was attracted to a building in Astoria, which is located almost as far away from Long Island City as one can be in that adjacent neighborhood.  The listing that caught my attention is Continue reading

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AMAZON HQ2 IN LONG ISLAND CITY, GOOD DEAL OR NOT?

Reactionary? Yes. misguided maybe, redirected for sure

Reactionary? Yes. Misguided? Maybe. Redirected? For sure

Since it cost a lot to win
And even more to lose
You and me bound to spend some time
Wondering what to choose

I have read the 32-page Memorandum of Understanding (MOU) between Amazon and NYC/NYS.  I have read most of what others have written on the HQ2 deal and incentives. I am a financial analyst by training.  Most importantly, I have lived in Long Island City for ten years and have closely tracked all that goes on here, both economically and non.  Despite all these attributes Continue reading

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AMAZON CHOOSES LONG ISLAND CITY FOR HQ2!!!

Amazon has chosen Long Island City as one of the two locations for its second headquarters according to The New York Times. Crystal City, Virginia on the outskirts of DC will be the other. Each location is expected to add 25,000 workers over the next few years, and be transformed in the process.

What that transformation will look like for LIC and how it will proceed is unknown at this time, but it is believed that the state and Governor made many concessions and offered many incentives to lure the company.

We have been covering the possibility of this happening from the moment the initial bake-off was announced with 40 candidates. Obviously Amazon felt as we do that Long Island City was the primo location for being a part of NYC – the greatest city in the world – they just had to go through the whole process I guess. In addition to all the wonderful attributes of LIC, it also had the logistical advantage of being near Amazon’s biggest customer, my wife.

Amazon Plans to Split HQ2 in Two Locationsinterestingly, when push came to shove they tossed that whole ‘affordability’ criteria right out the window by choosing NYC & DC

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$180 MILLION DEDICATED TO LIC BY NYC, WHY NO BRIDGE?

SO, the city made the announcement today that “Long Island City, New York City’s fastest-growing neighborhood, will get a $180 million infusion of capital to build and improve schools, streets and parks.”  Before you get too excited note that $95 million of it will be spent on sewers, $60 million on a new school that had already been announced, $10 million on street improvements – all of which are necessary infrastructure for the fastest growing neighborhood in the U.S.  That leaves $15 million for parks, so maybe a better headline is “City Allots $15 million for Long Island City Parks.” Continue reading

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WHAT’S WRONG WITH RETAIL IN LONG ISLAND CITY?

Of course then there's...

Of course then there’s…

And if you say to me tomorrow,
Oh what fun it all would be
Then what’s to stop us, pretty baby,
But what is and what should never be

Given all the empty storefronts, anyone walking along Vernon Boulevard might wonder how Long Island City is the fastest growing city in the nation.  Of course excessive retail vacancies abound through many stretches of Manhattan as well, and “retailing” as a concept is under siege nationwide due to Amazon.

One of the problems lies with the entrepreneurs who start these businesses. Continue reading

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CITYLIGHTS TAX SAGA, TWO LESSONS FOR ALL LIC CONDO OWNERS

Meals on Wheels making its daily delivery to Citylights

Meals on Wheels making its daily delivery to Citylights

Just as the tax abatement for the Citylights Building was about to start rolling off, NYC boosted the buildings assessed value by 87%.  For good measure they tacked on another 5% this year.  The near doubling in possible tax payments has the co-op’s residents looking at a 50% increase in already steep monthly maintenance over the next five years, which if implemented on this tower of over 500 units will force out many residents who can no longer afford to live there.

You can read the story below for more details.  Instead I’d prefer to focus on two takeaways that all apartment owners in Continue reading

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