Category: Construction/Development

Excavation set to begin on Astoria property for residential tower

Apr. 10, 2024 By Ethan Marshall The excavation process for the property at 41-08 Crescent St. in Astoria is set to begin, marking the first step towards the construction of a 17-story residential tower, according to New York YIMBY. The 30,102-square-foot-long lot has already been surrounded by construction fencing. Machines for the construction work are… Read more »

Long Island City Partnership to host 19th annual Real Estate Breakfast

Apr. 10, 2024 By Queens Post News Team Around 300 people are set to attend Long Island City Partnership’s 19th annual Real Estate Breakfast next Tuesday.  The event will take place at the newly opened Brewster LIC Conference Center, located at 41-27 27th St. in Long Island City, from 8-10:30 a.m. on Apr. 16.  More… Read more »

Former LIC parachute factory transformed into 7-story life sciences space

Apr. 9, 2024 By Ethan Marshall The building at 43-10 23rd St. in Long Island City  has just been transformed by construction contractor Suffolk, into a 7-story, 7-floor life science facility, known as Hatch Life Sciences. A ‘life science’ facility refers to properties that offer lab and office spaces for organizations working on scientific research… Read more »

Dumbo Market grocery store to move into new development in Long Island City

Mar. 29, 2024 By Ethan Marshall Dumbo Market, a premier grocery store, will be opening in the upcoming Jasper mixed-used development, located at 49-20 5th St., between 50th Avenue and 49th Avenue, in the Hunters Point section of Long Island City. Dumbo Market signed a lease for an estimated 13,500 square feet of retail space… Read more »

$60.25 million loan provided to complete condo development in Astoria

Mar. 7, 2024 By Ethan Marshall The New York City real estate developer Slate Property Group, in partnership with the investment service LibreMax Capital, announced a $60.25 million bridge loan to Ming’s Garden Realty LLC for the completion of a condo development at 26-01 4th St. in Astoria. The funds will be used for the… Read more »

LIC-based real estate firm adopts social media strategy to boost local presence

Mar. 6, 2024 By Ethan Marshall The Long Island City-based real estate firm Modern Spaces has been using social media to market its properties and boost branding—and, in so doing, has experienced a large growth in audience and engagement. Modern Spaces has seen a 500% increase in its audience and a 69.1% increase in engagement… Read more »

Affordable housing lottery opens in Astoria, rent set at $2,550

Mar. 5, 2024 By Ethan Marshall A total of three affordable units are up for grabs in a development in Astoria, with a monthly rent of $2,550. The affordable units are part of a 6-story, multi-use building at 26-36 4th St. There are a total of 10 residences in the building, with seven being market… Read more »