Business & Real Estate In
Long Island City LIC
Long Island City LIC NY runs along the western edge of Queens along the East River. LIC is commutable via the #7, N, E, F and W subway lines. It has a population of about 26,000. The ethnic mix is largely of European and Asian descent with a significant mix of people from other continents making up the balance.
LIC [as it is frequently called] is home to a number of cultural institutions, including the PS1 Art Museum, the Noguchi Museum and LaGuardia College to name a few. There are a number of fine restaurants and good shopping along Vernon Blvd, Jackson Avenue and 21st Street.
LIC Real Estate Breakfast
LIC Partnership Breakfast Projects Confident & Competitive Tone
April 23, 2014 / LIC Neighborhood / LIC Real Estate / Queens Buzz. I attended the LIC Partnership Real Estate Breakfast on Wednesday morning at the Con Edison Learning Center in LIC. The past couple of years the event had been held at Court Square Place on 44th Road in LIC, to a standing-room-only crowd. The event attendance continues to grow, and the move to the Con Ed Learning Center made seating possible for everyone in attendance.
The 8 am breakfast is followed by a moderated discussion panel of speakers representing a cross section of LIC real estate investors, real estate managers, retail or restaurant operators and a reporter who covers and is familiar with the LIC real estate market. The discussion provides a mix of perspectives and opinions about what’s happening in LIC.
A conglomeration of LIC real estate commercial, industrial and housing stock is shown in the photo to your right. Quite a number of aspects about it were discussed at the breakfast as recorded in this report.
This year the panel included … click here to read the rest of our report about LIC real estate, including photos of the LIC Partnership Real Estate Breakfast.
How The Other Half Lives
September 23, 2013 / Long Island City Neighborhood / Queens Real Estate / Queens Buzz. I attended a reception hosted by TF Cornerstone in late September to celebrate the official opening of their fifth property. The building had been completed earlier this year and the first tenants had moved in sometime in May. I understand they've rented about 70% of the units, so they've been moving briskly.
I visited a couple of the units for rent, including a studio that started at about $2,300 per month and a two bedroom corner that likely rented for something like $5,000 per month [give or take several hundred]. To those of us who live in Queens, these are expensive units, but to those who live in Manhattan - given the views and amenities - these are good value. Like the headline says : )
We'll have more later today, including a photo slide show, of some of the new properties currently lining the LIC waterfront.
Click to view the Long Island City LIC neighborhood
Dining, Culture & Fun
Real Estate & Business
Guiding LIC Neighborhood Evolution?
LIC Summit Conference Takes A Holistic View Of Community
June 17, 2014 / Long Island City Neighborhood / Queens Business / Queens Buzz. I attended the first annual LIC Summit which was held at the Museum of the Moving Image and organized by the LIC Partnership. The conference ran all day, with lectures and panel discussions about all things Long Island City.
The first half of the day included discussions about the film industry and the LIC commercial and industrial real estate market. And the second half of the day included panels on residential real estate, but also on the possibilities of evolving a technology sector in LIC and an end-of-day session dedicated to the ongoing evolution of arts and culture in the neighborhood.
I attended the afternoon sessions to listen to the panel discussions about developing a technology sector in Long Island City, and a panel discussion on how to continue nurturing arts & culture in the LIC neighborhood, as many rents and real estate prices have risen to Manhattan-comparable levels.
Click here to read our report on the LIC Summit & photos.
LIC Real Estate: New Face of a Changing Borough
Real Estate Development Continues, Spreading North & East
October 1, 2013 / Long Island City Neighborhood / LIC Real Estate / Queens Real Estate / Queens Buzz. I, like many in the borough, have been watching in near amazement at the rapid pace of real estate development in Long Island City. On September 18th of 2013, I attended the Grand Opening of 4545 Center Blvd, the fifth of the six TF Cornerstone buildings to go up along the Long Island City waterfront.
As you will see from the photos in the slide show at the end of the story, the apartments are beautiful. The new high rise is an airy, modern building with amenities, and apartments that have breathtaking views of the Manhattan skyline and the Queensboro Bridge. I saw a studio and corner two-bedroom apartment, which rent for about $2,300 and $5,500 per month respectively – so it’s not only the views that are breathtaking, but the rents as well. Five of the six TF Cornerstone buildings along Center Blvd in LIC are rentals, and only the condominiums in The View [the only building TF Cornerstone named] were for sale.
Click here for a story about LIC real estate including a bit of the history of TF Cornerstone, Rockrose Real Estate and real estate development in the LIC neighborhood of Queens.
Roosevelt Island To Become Techno Queens
Borough of the Arts, will one day become The Borough of Applied Sciences
March 7, 2012 / Long Island City / Queens Real Estate / Queens Buzz. I just returned from a breakfast where the NYC Deputy Mayor of Economic Development presented the NYC plan to develop an eleven acre campus on the southern end of Roosevelt Island, into an applied sciences academic institution.
Development of the new facility will take place over the course of the next thirty years, but the first classroom will open [somewhere in a leased facility] in the fall of 2012. When the applied sciences campus is done, the facility is expected to include about 2 million square feet of new construction and a half million feet of open space. Over the course of the next few decades, the institution is expected to become the academic home to 280 faculty members, a student body of 2,500, and to provide ongoing employment for about 8,000 people.
Click here to read the rest of our report on the presentation given by Robert K. Steel at the LIC Partnership breakfast about the new applied sciences development on Roosevelt Island.
East Side Access Project Moving Along
How Will This Project Affect Queens Real Estate?
Queens Real Estate / October 4, 2010 / Queens Buzz. Progress on the East Side Access Tunnel project has been visible in Queens since early Spring 2010. The MTA has been busy drilling a new tunnel under the East River from LIC / Astoria, using the Sunnyside Railway Yard as its staging grounds. The photo to your left shows the view of the new tunnel being built underneath the East River from an Astoria / LIC perspective. The tunnel connects into Manhattan around 63rd Street.
Meanwhile in the Sunnyside railway yards, many of the buildings that once dotted the landscape have been demolished. Thankfully this doesn't include an old train station which has been around for many years [see photos in rest of story / slide show]. They’ve also cleared away a number of old warehouse and garage like structures along 43rd Street between Northern Blvd and 39th Avenue.
Click here to get an update on the East Side Access Project impact on Queens real estate.
Queens Real Estate
Market Analysis Of Real Estate In Queens
Queens NY / December 7, 2009. This is a report on the Queens real estate market. The report covers the latter half of 2009. This analysis includes looking at apartment rental prices, as well as condo, co-op and home prices and availability. This Queens real estate market analysis focuses on the Astoria, LIC / Long Island City, Jackson Heights, Sunnyside and Woodside neighborhoods. While we found these neighborhoods mirrored or trailed many of the national trends, we found some interesting differences, including differences from neighborhood to neighborhood. Click here for our second half 2009 market analysis of Queens Real Estate.
Economic Outlook 2012 - Queens Economy
Federal Reserve Economist Discusses 2012 Outlook At LIC Partnership Breakfast
February 13, 2012 / Long Island City / Queens Business / Queens Buzz. I attended a lecture given by New York Federal Reserve Economist Rae Rosen at the LIC Partnership breakfast in Long Island City. In the lecture the economist talked about many of the critical factors that would play a role in the outcome of how the economy would perform in 2012. How these factors play out will ultimately impact the kind of economic year Queens, NYC and NYS will have in 2012.
U.S. Economic Performance in 2012 Vs Averages
The U.S. economy grew 2.8% in the fourth quarter, ending the 2011 year on a strong note, after a slow beginning. For 2012 the consensus forecast is between 2.5% to 3%, with the highs above 3% and the lows just above 1% which still implies a growth year. The U.S. average growth rate since the end of WWII has been about 3.28%. According to one report I read, the probability the U.S. will slip back into recession has fallen to 23%.
Click here for our report of the lecture given by Federal Economist Rae Rosen at the LIC Partnership breakfast in February 2012 - Queens Economic Forecast 2012.
Small Business Financing In Queens NYC
SBA In Queens & Business Outreach Center In Corona
January 31, 2012 / Corona / Queens Business / Queens Buzz. Last summer I decided to take Queens Buzz through the SBA process to raise capital to raise capital and to provide a description of the process that a new or struggling enterprises must go through in order to obtain non-traditional funding.
Over the course of the past decade, government and non-profit organizations have increasingly become aware of the importance and value of helping new and small businesses survive and thrive as a means of retaining and creating jobs within communities. In the current economic environment, helping these small companies is critical to accelerating the current economic recovery.
I entered the process of seeking a loan in July of 2011 ... click here to read more about the Business Outreach Center in Corona Queens. The photo above was taken at a 2012 seminar sponsored at the Business Outreach Center in Corona Queens entitled Financing Your Business.
Dutch Kills Gentrification: Restaurants & Real Estate
The Making Of The Crescent Grill Restaurant in LIC
July 13, 2013 / Dutch Kills LIC / Restaurants in Queens / Real Estate in Queens / Queens Buzz. Last fall I embarked on a bit of an adventure when Michele Beaudoin of Beaudoin Realty Group [a QB client] introduced me to Daniel and Shaun Dougherty. She had just sold the brothers a two-story, corner building that had been a Beauty Supplies store along Crescent Street in the Dutch Kills neighborhood of Long Island City. The Doughertys had plans to convert the building into a restaurant. Likely the first restaurant of its kind in the Dutch Kills neighborhood of Long Island City.
I went to meet the brothers at the site of what would eventually be their new restaurant. I was given a tour of the facility while it was still, in essence, a recently vacated Beauty Supplies store. But not for long ...
Click here to read the rest of the story about the gentrification of the Dutch Kills neighborhood of Long Island City and the making of the Crescent Grill restaurant in LIC. The story includes information and photos about the design and construction of the renovated building, as well as a review of some of the culinary delights that await those who patronize the restaurant.
Taste of LIC 2012
Chocolate Factory Produces Another Winner
June 5, 2012 / Long Island City LIC / Restaurants in LIC / Queens Buzz. The Chocolate Factory of LIC has been putting on avante garde theatrical productions in LIC since 2004, and organizing the Taste of LIC since 2005. I’ve attended a couple of them, and the Taste of LIC seems to provide the right blend of scene, scenery and 'tasty' nibbles and drinks .. to keep ‘em coming back.
But let me dally no longer as I take you with me on a journey to about a dozen food and beverage tables where I sampled some of each of their wares. Click here to read the rest of our report and view the photos of the treats provided by LIC restaurants & wine stores at the Taste of LIC 2012.
Click here to read our report and view photos of the Taste of LIC 2012.
Queens County Employment Bests NYC
Queens is one of NYC’s Top Employment Performers
December 19, 2012 / Queens Neighborhoods / Employment in Queens / Queens Buzz. Tis the season to be jolly and reflect on what’s happened economically over the past year while contemplating and planning for what lies ahead. To that end we did a bit of research into Queens current economic trends, specifically in the employment area.
Queens Employment & Economy is Diversified
Queens has a relatively diversified employment base. Queens County industries include: 1) transportation facilities such as JFK and LaGuardia Airports, Long Island Railroad stations, a network of MTA subways and buses, and a network of federal, state and local roadways,
Click here to read our report on employment, unemployment & industry in Queens.
Queens State of the Borough Address 2012
Boro President Helen Marshall Informs Us We’re Holding Our Own
January 24, 2012 / Flushing / Queens Government & Economy / Queens Buzz. Today I attended the Borough President’s State of the Borough Address in the Colden Auditorium at Queens College in Flushing. Queens College President Dr. James Muyskens opened the program, followed by City Council Speaker Christine Quinn.
There were hundreds of people in attendance. The audience included government officials, members of the police, fire and sanitation departments, a number of community board members, educators, healthcare administrators as well as members of the press.
Helen Marshall’s address covered education, healthcare, parks, the economy, business, development, aviation [the airports], culture, historic preservation and awards to a few denizens of the borough for outstanding work. In the photo Queens Borough President Helen Marshall looks a graphic which includes the plans for the new technical center planned for Roosevelt Island by Cornell University and Technion. Click here to our report with photos of the Queens State of the Borough Address 2012.
MTA - #7 Subway Line in Queens
Service Disruptions On #7 Subway Line - October / November 2013
Click here to read our report about the #7 Subway line service disruptions in Queens October / November 2013.
MTA - #7 Subway Line in Queens
Service Disruptions On #7 Subway Line - Dec 2012 - Mar 2013
Click here to read our report about the #7 Subway line service disruptions in Queens Dec 2012, Jan 2013, Feb 2013 & Mar 2013.
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