Long Island City Business & Real Estate Section
Old Manufacturing Center Transformed into Luxury Condominiums Near Midtown
January 18, 2018 / Long Island City Neighborhood LIC / Queens Buzz NYC.
Long Island City 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.
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New Bridge Over Troubled Water
Kociuszko Bridge Begins Transformation
August 11, 2014 / Sunnyside Neighborhood / Queens Business / Queens Buzz. I attended a town hall meeting at the Sunnyside Community Services Center in July where the Department of Transportation presented its plans for the erection of a new bridge over Newtown Creek, replacing the current Kosciuszko Bridge. The Kosciuszko Bridge is the main thoroughfare connecting Queens and Brooklyn.
We were told that this bridge represents the largest infrastructure investment by New York State ever. It's important to note that this statement was made based on total dollars, not the value of the dollars as measured in real terms [meaning a million dollars a century ago was worth far more than $1 million today].
The effort has already begun as the project has been awarded and the companies working on the effort have begun their preparatory work. Actual physical construction of the bridge will likely begin in Spring of 2015. The project will be done in phases. The first phase will be the erection of half of the new bridge alongside the current bridge. Once that is completed, they will tear down the Kociuszko Bridge and move traffic onto the new half bridge. Finally they will erect the second half of the bridge. The new bridge will include bike lanes and will have a far less steep rise than the old Kosciuszko Bridge. A rendering of the new bridge is shown above.
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 on this in the future, including photos 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
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