Bringing new life to Long Island City

New York /
Oct.October 22, 2010 10:00 AM

View of Manhattan from Long Island City waterfront

Long Island City is undergoing a transformation, with massive amounts of private development and city infrastructure work underway. The waterfront is thriving, with four parcels of high-rise rental properties due in the next two years from TF Cornerstone. Court Square, near Queens Plaza, awaits two mixed-use residential and retail projects from Rockrose. Next year, Hunters Point South will start to bring 5,000 housing units to the Queens West coastline, with 3,000 units set aside for middle-income residents. Other new additions to the area include a waterfront public library, 35 residential projects, and Jet Blue’s corporate headquarters. Public investment in Long Island City, spurred by a zoning change, the Business Improvement District and programs organized by the New York City Economic Development Corporation, have also improved transportation. “We can’t just rely on Manhattan for the future of the city,” said Seth Pinsky, head of the EDC. “Look at where Long Island City was a few years ago. Not many people knew it was there. Today, we’re at a tipping point for this neighborhood where growth could go from steady to exponential.”

[NYDN]

 

Related Articles

arrow_forward_ios
11 East 26th Street with Henry and Justin Elghanayan (Google Maps, Getty)
Rockrose investment values Nomad office building at $235M
Rockrose investment values Nomad office building at $235M
Vorea's Peter Papamichael. (Google Maps, Vorea Group)
LIC development site under contract
LIC development site under contract
David Wolkoff of G&M Realty. (Getty, 5Pointz LIC)
Wolkoff family firm snags $350M loan for 5Pointz
Wolkoff family firm snags $350M loan for 5Pointz
Innovo Property Group's Andrew Chung with 23-30 Borden Avenue in Long Island City (Google Maps)
Innovo lands $155M construction loan for LIC warehouse
Innovo lands $155M construction loan for LIC warehouse
Chris Jiashu Xu and Long Island City's Skyline Tower. (Skyline Tower)
Closings underway at Queens’ tallest building
Closings underway at Queens’ tallest building
Renderings of 175 Park Avenue (Rendering via SOM)
Developers unveil plans for 1,600-foot tower at Grand Central
Developers unveil plans for 1,600-foot tower at Grand Central
Renderings of Amazon HQ2 and Amazon CEO Jeff Bezos (Photos via NBBJ/Getty)
Amazon unveils woodsy plans for HQ2
Amazon unveils woodsy plans for HQ2
Linc LIC and Jackson Park (RockRose, Tishman Speyer)
Two huge Long Island City rentals see occupancy plummet
Two huge Long Island City rentals see occupancy plummet
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...