Dec. 26, 2024 By emarshall Dec. 26, 2024 By Ethan Marshall Modern Spaces, a Long Island City-based real estate firm, announced it brokered the $7.6 million sale of a 16,800-square-foot warehouse located at 48-29 31st Place in Long Island City. The deal, finalized on Thursday, Dec. 5, marks another significant transaction in the borough’s evolving… Read more »
Dec. 24, 2024 By emarshall Dec. 24, 2024 By Ethan Marshall The real estate developer TF Cornerstone announced its first retail lease signings for its new Malt Drive development at 2-20 and 2-21 Malt Dr. in the Hunter’s Point South section of Long Island City on Tuesday, Dec. 17. The businesses joining the 1,386 residential… Read more »
Dec. 23, 2024 By emarshall Dec. 23, 2024 By Ethan Marshall Permits have been filed for the construction of a new 6-story homeless shelter at 38-78 and 38-80 11th St. in Long Island City. Located on the corner of 11th Street and 40th Avenue, this proposed development, referred to as the Bowery Residents’ Committee (BRC)… Read more »
Dec. 18, 2024 By emarshall Dec. 18, 2024 By Ethan Marshall New York City has launched a housing lottery for 72 units at AURA, a 37-story mixed-use building in Long Island City. Located at 23-10 42nd Rd., AURA features 240 residential units, with 168 offered at market rate. The 72 remaining units have all been… Read more »
Dec. 11, 2024 By sobrien Dec. 11. 2024 By Shane O’Brien State Sen. Jessica Ramos and Assembly Member Zohran Mamdani committed to freezing rents for millions of New Yorkers living in rent-stabilized apartments at a Mayoral Forum on Housing on Saturday. Ramos and Mamdani, the two Queens-based candidates in the 2025 mayoral race, joined fellow… Read more »
Dec. 10, 2024 By emarshall Dec. 10, 2024 By Ethan Marshall The real estate developer Slate Property Group announced that it has partnered with White Oak Real Estate Capital to provide a $70 million construction loan to Watermark Capital Group for the development of a 26-story, 184-unit multifamily building at 41-08 Crescent St. in Long… Read more »
Nov. 25, 2024 By Ethan Marshall New York City has launched a housing lottery for 110 units at SOLA, a 12-story mixed-use building in Woodside. Located at 72-01 Queens Blvd., SOLA features 364 residences, of which 254 are offered at market rate. Of the remaining 110 units, 65 are designated for individuals earning 80% of… Read more »
Nov. 21, 2024 By sobrien Nov. 21, 2024 By Shane O’Brien Construction work for the Champlain-Hudson Power Express (CHPE) has started along Shore Boulevard in Astoria Park as part of the final stretch of a 339-mile underground transmission line that will bring clean energy from Canada to a converter station in Astoria by 2026. Once… Read more »
Nov. 20, 2024 By emarshall Nov. 20, 2024 By Ethan Marshall Construction has wrapped for The Northern, two residential buildings at 38-27 and 38-38 32nd St. in Long Island City. The development will yield 116 rental units. Exterior work has been completed for both buildings, each 10 stories tall. This comes almost exactly one year… Read more »
Nov. 18, 2024 By sobrien Nov. 18, 2024 By Shane O’Brien Hundreds of people attended a block party Saturday to celebrate the opening of Malt Drive Park, an expansive new park along the Newtown Creek waterfront in Hunter’s Point South. The park, which officially opened to the public at 55-1 2nd St. on Oct. 17,… Read more »