A thousand reasons to love Long Island City. Tips: Editor@LICtalk.com
TF Cornerstone launched leasing for their latest waterfront tower in Long Island City last week. Combined with the recent launch at 5Pointz, this should be a good litmus test for rental demand.
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WHEN the cupboards are barren we talk about real estate here at LICtalk. And why not, it’s been awhile since our last update and things change fast in these times a pandemic. It’s been six years since we last officially ran this series, today we’re going to do a modified version of it.
SO you’re looking for a long term relationship are you? Well Long Island City has one with the Elghanayan family and the love-fest continued in the past week as both Rockrose and TF Cornerstone announced their latest development plans for the neighborhood. The former is a 19-story, 300-unit tower in familiar territory for this branch of the family on Queens Street just off Jackson Avenue. For most a building this size would be a gargantuan meal, but for Rockrose it’s a mere appetizer in their menu. The only detail I found surprising was their supposedly only paying $13 million for the lots as it seems like a low price to pay for land that can house a building this big.
[Read more…] about Real Estate Mistletoe For Long Island City
“And just remember, the best thing about kids… is making them!”
“Bring us a pitcher of beer every seven minutes until somebody passes out. And then bring one every ten minutes.”
Thornton Melon
WILL kids be going back to NYC public schools this upcoming Monday? Absolutely not because it’s Yom Kippur. So it’s shul for some and a good beach day for others. Come Tuesday, who knows? Which is a phrase that sums up many fall traditions now that Autumn has arrived. Will there be trick or treating and a parade on Halloween? Who knows? Will there be a Columbus Day parade? Who knows, and possibly not ever again in NYC – but public schools will be closed. Will there be family get-together’s on Thanksgiving? Who knows …but it will still take place on the fourth Thursday in November, there will be a lot of turkey on the plate and Lions and Cowboys on TV, and no school. A NYC Marathon gracing Vernon Boulevard? Not in 2020. Christmas sales and decorations and caroling in early November? Highly likely. Oktoberfest? Possibly, in spontaneous and hopefully socially distanced outbreaks while the weather holds and the beer flows freely outdoors. Let’s start with that vision and keep our fingers crossed for school and the rest…
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The Waterfront Master Plan was unveiled by the developers last week at a Community Board meeting according to the LIC Post. The details are a little hazy, but big picture they are asking to build up to 12 million square feet comprised of 30 to 60 story towers and a 50/50 split between commercial and residential usage.
In return for this request the developers have offered space for three schools and half a million square feet for arts and culture and similar uses. The proposal will also use a quarter of the total 28 acres for open space and include a pedestrian/bike bridge over Anable Basin at 5th Street.
[Read more…] about Waterfront Master Plan Revealed, It’s Not So Masterful