May 14, 2024 By Queens Post News Team Dozens of local residents, community leaders and small business owners gathered at Diversity Plaza in Jackson Heights Monday afternoon for a rally calling on State Sen. Jessica Ramos to endorse the $8 billion Metropolitan Park proposal. The proposal would transform 50 acres of parking lot adjacent to… Read more »
Tag: Real Estate
Housing lottery opens for 5-story mixed-use building in Astoria, rent starts at $2,800
May 14, 2024 By Ethan Marshall New York City has launched a housing lottery for three units in a 5-story mixed-use building at 12-22 Astoria Blvd. in Astoria. The building has ten residences, seven of which are market rate. The three affordable residences are each two-bedroom units meant for those earning 130% of the area… Read more »
New Hunter’s Point South city street bringing residential development and waterfront park expansion to community
May 14, 2024 By Ethan Marshall A new city street in Long Island City, Malt Drive, is bringing extra residential units and community space to the community. Construction is nearing completion on a 1.43 million-square-foot luxury residential development at 2-20 and 2-21 Malt Dr. Additionally, Hunter’s Point South Park, located along the waterfront, will be… Read more »
New urban industrial facility, the Review Avenue Complex, coming to Long Island City
May 8, 2024 By Ethan Marshall A new 736,000-square-foot urban industrial facility is being built in Long Island City by the real estate investment and operating company Innovo Property Group, with a targeted completion of Fall 2025. Known as the Review Avenue Complex, this 6-story facility will be available for multiple uses by multiple tenants…. Read more »
Brooklyn-based grocery store signs lease for 13,500 square feet of space at LIC mixed-use development
May 6, 2024 By Ethan Marshall The local grocery store Dumbo Market has signed a lease for approximately 13,500 square feet of space at Jasper, a $370 million mixed-use development in Long Island City. Located at 2-33 50th Ave. in the Hunters Point neighborhood, the new Dumbo Market location, along with the rest of the… Read more »
Price of closed condos in Astoria rose 11% during first quarter of 2024 compared to previous year: Report
May 2, 2024 By Ethan Marshall During the first quarter of 2024, the average price for closed condos in Astoria went up 11% year-over-year, according to the Q1 report by the real estate firm Modern Spaces. The Astoria condo market saw a notable increase in average closing prices, climbing from $683,307 in the first quarter… Read more »
Queens Plaza set for transformation with over 1,400 new luxury units by 2026
Apr. 29, 2024 By Ethan Marshall A total of 1,412 units across six upcoming luxury buildings are expected to transform the Queens Plaza area in Long Island City by creating much-needed housing in the area. All six projects are expected to be completed as early as this year and no later than 2026. As each… Read more »
Socrates Sculpture Park celebrates opening of new education and administration building
Apr. 23, 2024 By Ethan Marshall A ribbon-cutting ceremony was held to celebrate the opening of Socrates Sculpture Park’s new education and administration building, The Cubes, on Friday, Apr. 19. The waterfront park is located at 32-01 Vernon Boulevard in Long Island City, just on the border of Astoria. The Cubes marks the first New… Read more »
LICP’s 19th Annual Real Estate Breakfast explores urban transformation in Long Island City
Apr. 17, 2024 By Queens Post News Team The Long Island City Partnership (LICP) held its 19th annual Real Estate Breakfast at the newly-opened Brewster LIC Conference Center Tuesday morning, exploring the challenges and opportunities facing the neighborhood in 2024. Over 300 people attended the event, which took place at 27-01 Queens Plaza North and explored… Read more »
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 »