Queens

December 8, 2018

Top 10 Rental Buildings in FiDi & This week’s roundup of NYC rental news

Renting Downtown: Top 10 Rental Buildings in Financial District + Battery Park City [LINK] Cobalt Lofts in Harrison Launches Luxury Rentals from $1,915/Month; 20 Minutes from NYC [LINK] Contemporary Rentals at Historic 71 Broadway: No-Fee Listings from $3,035/Month [LINK] Bed-Stuy Rentals Launch at 1247 Atlantic Avenue with 1 Month Free; Net Prices from $1,825/Month [LINK] […]

December 7, 2018

New renderings of 1,100-unit Hunter’s Point South project in Long Island City

New renderings were released this week of the one million square foot development coming to the Long Island City's Hunter's Point South neighborhood. Designed by Handel Architects, the complex features two high-rise towers, retail, and community space. Notably, the project is expected to bring 1,100 new residential units, with 80 percent of them permanently affordable. The complex sits less than a mile from the planned office complex of Amazon, which chose the Queens neighborhood last month for its new home. As CityRealty reported, the two towers will rise 57 and 33 floors, with the taller of the two reaching 600 feet high, which would make it the tallest building on the waterfront.
See the LIC project
December 6, 2018

New York State Pavilion to receive a $16.5M FEMA grant for Hurricane Sandy repairs

Designed by Philip Johnson for the 1964-65 World’s Fair to embody the architectural essence of Space Age futurism, the New York State Pavilion has been battered by the ensuing decades to the point of becoming valued as an "historic ruin." As 6sqft previously reported, plans to restore the site have been progressing slowly even with new funding from the city. Now, Curbed reports, the iconic site in Flushing, Queens, will be getting a $16.5 million grant from FEMA for Hurricane Sandy-related repairs.
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December 6, 2018

Poll shows a majority of New Yorkers approve of Amazon’s move to Queens

A majority of New Yorkers approve of Amazon moving to Long Island City despite opposition from Queens activists and politicians, according to a Quinnipiac University poll released Wednesday. Fifty-seven percent of all respondents said they support the company's plan to build a waterfront office complex in Queens, with 26 percent disproving. And approval among Queens residents is even higher, with 60 percent supporting the deal. But the poll did find a more divided opinion about the potential $3 billion in public incentives and grants offered to Amazon by the city and state, with 46 percent approving of the subsidies and 44 percent disapproving.
More here
December 6, 2018

Transforming LaGuardia’s Terminal B, by the numbers

The first phase of Gov. Andrew Cuomo's $8 billion overhaul of LaGuardia Aiport opened to the public this weekend, which includes a new concourse and 11 gates at Terminal B. Construction company Skanska on Wednesday released additional information about the project, detailing everything from its planned 1.3 million square footage to its use of 40,000 tons of steel. In total, the redevelopment of LGA's Terminal B will cost $5.1 billion and bring 35 new gates and two new concourses.
Get the facts
December 4, 2018

Queens senator wants to crack down on real estate ‘insider trading’ following Amazon deal

State Sen. Michael Gianaris announced on Tuesday plans to draft legislation aimed at cracking down on insider dealing in real estate. The proposed law comes after a report in the Wall Street Journal found Amazon employees were buying condos in Long Island City before the company had publicly announced plans to build their second headquarters in the neighborhood. The legislation would prohibit anyone from using confidential government information to buy or sell real estate, according to Gianaris.
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December 1, 2018

FREE RENT: This week’s roundup of NYC rental news

Vernon Tower: Astoria waterfront rentals across from Socrates Sculpture Park from $2,300/month [LINK] Otto Greenpoint: Brooklyn rentals at 211 McGuinness Boulevard from $2,317/month [LINK] 181 Front Street: New rentals in DUMBO offer 1 month free on 13-month lease [LINK] Estuary Weehawken: Luxury waterfront rentals with skyline views from $2,363/month [LINK] 111 Murray Street: Michael Cohen’s […]

November 30, 2018

NYC Council to grill city leaders on Amazon deal

Citing concerns about the closed-door deal that drove Amazon to choose Long Island City as home for its second headquarters, the New York City Council announced it will host three hearings to question both city leaders and company exeuctives. Council Speaker Corey Johnson said the first hearing will take place on Dec. 12 to look at how the deal happened, as the Wall Street Journal reported on Thursday. "One of the major perversions of this is that was all done behind closed doors, with nondisclosure agreements, and without the public or elected officials who weren't including feeling like they had any say," Johnson told the WSJ.
Get the details
November 29, 2018

LaGuardia Airport’s first new gates and concourse are open

The first new gates in LaGuardia Airport's Terminal B will open this Saturday, Gov. Andrew Cuomo announced earlier today. The opening will inaugurate the first of two concourses and 11 of the 35 total gates that will service Air Canada, American Airlines, Southwest Airlines, and United Airlines. This is the first phase of Cuomo's larger $8 billion overhaul to create "a whole new LaGuardia." The new concourse will feature retail space, a "food hall," complete with local mini-chains like Shake Shack, Irving Farm coffee, and La Chula taqueria, as well as an indoor park (a design feature Cuomo is also implementing at JFK).
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November 29, 2018

Most expensive condo listing in Queens gets price cut despite Amazon announcement

While real estate prices are expected to rise in Long Island City and the surrounding area due to Amazon's impending move to the neighborhood, one listing has lowered its price. The most expensive apartment in the borough of Queens, located at 46-30 Center Boulevard, is on the market again, the New York Post reported. The penthouse, which sits just north of the Pepsi-Cola sign, is asking $3.65 million, less than the $4.25 million it was listed for in 2017. Soon after Amazon announced their move to Long Island City, interest in the neighborhood surged. As 6sqft previously reported, searches for residential apartments in the neighborhood are up 281 percent compared to the daily averages prior to the Amazon news.
Take a tour
November 29, 2018

Where I Work: See how Stickbulb’s first-ever showroom is lighting up Long Island City

Before opening their first showroom, sustainable lighting brand Stickbulb had just one wire rack of shelving and one workbench, with their supplies spilling out into the communal areas of their building. They desperately needed more space. The company found it this year in a 10,000-square-foot former steel factory in Long Island City. With its terracotta walls and wooden floors, not only does the new space aptly complement Stickbulb’s modern LED light fixtures, but the former factory gives them enough room to show off how their products are made and the people who make them. Sustainability remains a core mission for Stickbulb, which was founded six years ago by Russell Greenberg and Chris Beardsley, the creative team behind RUX Design. Using salvaged wood from demolished buildings and dismantled water towers, Stickbulb products always have a story to tell. "The idea is that the customer can trace back the wood that they have in their light fixture back to the original building it was a part of," Russell told us during a recent visit to the company's showroom. Ahead, take a tour of Stickbulb's new space and hear from Russell and Chris on starting the studio, the process behind finding reclaimed wood, and the bright future of the growing company.
See inside
November 26, 2018

Long Island City advocates want to obtain a city-owned building before Amazon takes over

Long Island City advocates are requesting ownership of a city-owned building that sits on land soon to be developed by Amazon for its second headquarters, as the Wall Street Journal first reported. The sprawling, block-long structure at 44-36 Vernon Boulevard currently houses offices related to the city's Department of Education along with over 1,000 staff members. For the past three years, local residents have asked for the building to be turned into a community facility. With all eyes on Long Island City due to Amazon's impending move there, advocates believe this is their last chance for the community to take over the property.
More this way
November 16, 2018

Plan for 1,500 units of affordable housing in LIC at risk as Amazon gets ready to move there

A plan to create 1,500 units of affordable housing in the Anable Basin area of Long Island City will most likely be scrapped, as Amazon prepares to open its headquarters on that same land, Politico reported. Amazon announced this week plans to bring its second headquarters to the Queens neighborhood on land currently owned by plastics company Plaxall, as well as some parcels owned by New York City. Previous plans from Plaxall and the city, who hired developer TF Cornerstone to build a mixed-use campus at the site, called for 1,250 and 250 units of affordable housing, respectively. But an Amazon spokesperson told Politico there will be no housing at its new complex.
Amazon in, affordable housing out
November 15, 2018

Residential interest in Long Island City surges 300% after Amazon’s HQ2 announcement

Amazon’s decision to divide its second headquarters between Long Island City and Arlington, Virginia was confirmed on Tuesday, bringing with it questions about how the neighborhoods will withstand the influx of 25,000 new workers each. According to a new study from RENTCafé, LIC already has an occupancy rate of 98.2% and about 15,400 units currently either under construction or in a planning phase, so Amazon’s announcement is sure to add fuel to an already bustling market. In fact, according to listings site CityRealty, searches for residential apartments in the neighborhood are up 281% compared to the daily averages prior to the announcement.
Get the scoop
November 13, 2018

Despite city-wide ban, Amazon wants to put a rooftop helipad on its NYC HQ

On the heels of news that Amazon has chosen Long Island City, Queens for one of its two new headquarters, making the promise of 25,000 new jobs a hopefully-someday reality, comes the fine print request that the company would like a helipad for its new East River waterfront HQ, please. Slate reports that the request appears deep in a 32-page memorandum of understanding with the city and state.
Rooftop helipads have been banned since 9/11
November 13, 2018

See the waterfront site in Long Island City where Amazon will bring its new mixed-use campus

Amazon officially announced on Tuesday its plan to bring its second headquarters to Long Island City, following a 14-month long contest among hundreds of cities across the country. The company will also open a second new headquarters in Arlington, Virginia, with each location expected to house 25,000 new employees; Nashville will become home to Amazon's "Operations Center of Excellence," equipped for 5,000 full-time jobs. In Queens, Amazon intends to construct the mixed-use complex across both public and private sites that sit along the East River, in an area known as Anable Basin. Although the HQ2 project still must undergo a public and environmental review, as well as a possible rezoning, the tech company said it will receive over $1.7 billion in incentives from New York State for its project, which is expected to cost over $3.6 billion, and has the potential for another $1.3 billion "as-of-right" benefits from New York City.
More this way
November 13, 2018

$1.7M Ridgewood listing tries to make SoMA (South of Myrtle Avenue) a thing

As if Quooklyn wasn’t bad enough. A recent tipoff about townhouse at 16-35 Hancock Street in prime Ridgewood near the Myrtle-Wyckoff subway stop informed us that: "SoMA (South of Myrtle Avenue) is the new SOHO, with a blossoming creative community of artists and restauranteurs. Former Soho/Tribeca residents have moved to Ridgewood for a more authentic experience and stimulating lifestyle." It's true that Soho/Tribeca residents have long ago fled those neighborhoods on account of billionaire rents and not wanting to live in a sneaker mall, and also true that Ridgewood is ablaze with creative newcomers and packed to the gills with authentic experience. But after SoBro (South Bronx), Dobro (Downtown Brooklyn) SoHa (South Harlem), Soho West (New Jersey) and NoLo (uh...we're really not sure), and, apparently, NoBat, NoCal, BoHo, and GoCaGa, enough may just be enough. Plus, Ridgewood requires no rebranding–it's cool enough on its own.
So let's see the house
November 12, 2018

A move to Long Island City could allow Amazon to reap nearly $1B in city tax breaks

The state of New York is keeping the incentives it used to woo Amazon under wraps, but even without those benefits, an existing tax program could work in Amazon's favor -- to the tune of almost $1 billion. After a highly publicized search, the tech giant is nearing a deal to locate half of its new headquarters in Long Island City. And as The Real Deal explains, that move means Amazon will qualify for the city’s Relocation and Employment Assistance Program (REAP), which offers employers a $3,000 credit per employee per year for 12 years if they move their business into the outer boroughs and certain parts of Upper Manhattan. With Amazon’s projected workforce of 25,000, that would mean a total credit of $900 million.
Get the scoop
November 10, 2018

Rental Offers: This week’s roundup of NYC rental news

Images (L to R): The Max, Quinn, and 2222 Jackson Avenue Hello Albemarle in Flatbush: Loft-inspired rentals with direct elevator access from $2,475/month [LINK] 2222 Jackson Avenue in LIC: Stylish rentals with balconies from $2,262/month [LINK] Quinn at Paulus Hook in Jersey City: Grand layouts and big city views from $2,750/month [LINK] The Max at […]

November 9, 2018

Gaudy Rockaway house lists for an eye-popping $2.5M

Prices creeping toward the $3 million mark are typically reserved for Manhattan condos and Brooklyn brownstones, but this rather unsightly home in the Rockaways thinks it can fetch a similar sum. Sure it's on the water in the affluent enclave of Neponsit (and has enough parking for eight cars--what New Yorker doesn't want that?), but $2.5 million is much higher than most comparable houses in the area. But if you're willing to drop the dough, you'll get pretty impressive bay views, balconies off every bedroom, a rear deck, and a backyard with a greenhouse.
See inside
November 8, 2018

New housing lottery in Long Island City misses the ‘affordable’ mark

With speculation about Amazon's chosen HQ2 cities landing on Long Island City this week, the questions of transportation and affordability in the neighborhood have come to the forefront. And a new affordable housing lottery in the area does not look good for the latter. As of tomorrow, New Yorkers earning 130 percent of the area median income can apply for 10 units at the newly constructed, mixed-use rental 40-05 Crescent Street. Located on the border of Astoria, the building houses 32 rentals, an underground parking garage, and two floors of manufacturing space. The "affordable" units range from $2,125/month studios to $2,741/month two-bedrooms.
See what the qualifications are
November 7, 2018

Amazon looking at proposed Anable Basin mixed-use site for new home in Long Island City

With Amazon nearing a deal to make Long Island City home to its second headquarters, a big question remains: Where in the Queens neighborhood will the tech-giant house its 25,000 employees? One possible location sits within a waterfront area known as Anable Basin, named for a 150-year-old inlet, sources familiar with the plan told Politico New York. As 6sqft reported last November, the family-owned plastics company Plaxall, who owns the site, proposed a massive rezoning of the area that would allow for 335,000 square feet for industrial spaces, nearly 5,000 housing units, and a new public school.
More here
November 6, 2018

Amazon’s HQ2 could be headed to Long Island City

Amazon is close to naming Long Island City home to its second headquarters, following a competitive, yearlong search by the tech giant. The company is reportedly splitting "HQ2" between two locations, with the other being Crystal City, Virginia, a suburb outside of Washington, D.C, according to the New York Times. The news comes less than a week after New York City announced plans to invest $180 million in the infrastructure of the evolving Queens neighborhood.
Get the details
November 6, 2018

Behind the Scenes at Queens’ Loew’s Valencia, once the most successful Wonder Theatre in NYC

Earlier this year, 6sqft got an exclusive behind-the-scenes tour at the majestic Loew’s Jersey City Theatre, as well as the United Palace Theatre in Washington Heights. In 2016, we joined Untapped Cities and NYCEDC on a tour of Brooklyn Kings Theatre, and just last month, as part of Untapped Cities Insider’s Tours, we were lucky enough to tour and photograph the former Loew’s Valencia Theatre on Jamaica Avenue in Queens, which is now home to the Tabernacle of Prayer for All People church. The majestic Loew’s Valencia Theatre opened on Saturday, January 12, 1929, as the first, largest, and most famous of the five flagship Loew’s “Wonder” Theatres established in the New York City area from 1929-30. All of the grand movie palaces were built by Marcus Loew of the Loew’s Theatres chain to establish the firm as a leader in film exhibition and to simultaneously serve as a fantastical yet affordable escape for people of all classes from the tedium and anxieties of their daily lives. The Valencia most definitely did not shy away from this fantastical approach, with its Spanish/Mexican Baroque architecture, gilded ornamentation, rich jewel-tone colors, and elaborate carvings.
Take the grand tour
October 31, 2018

City plans to invest $180M in Long Island City infrastructure

Yesterday the de Blasio Administration released the Long Island City Investment Strategy, an effort by the city to support sustainable growth in the waterfront neighborhood. Following an upzoning in 2001, the area has seen incredible transformation in the form of thousands of new apartments and waterfront towers. The city admits that the reason behind its strategy is such rapid development, which has strained neighborhood resources and the quality of life of residents. $180 million is designated for the area, which is on top of $2.2 billion the city says its already invested over the years. "We are investing $180 million in Long Island City to address the needs of today while preparing for a more sustainable future." Mayor de Blasio stated in a press release.
Where will the money go?
October 26, 2018

Long Island City’s Skyline Tower will be the first billion-dollar condo in Queens

Skyline Tower at 23-15 44th Drive in Long Island City, Queens, just got approved to begin sales, with a marketing plan that estimates a $1.088 billion sellout price, making the 66-story condominium the first in the borough to break the one billion mark, Bloomberg reports. The milestone isn't the only superlative for the building, formerly known as Court Square City View. The 778-foot tower is on a course to become the borough's tallest building.
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