Category: construction-development

LIC warehouse sold for $7.6M in deal handled by Modern Spaces

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 »

First retail leases announced for Malt Drive development in LIC

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 »

Permits filed for new 6-story homeless shelter in Long Island City

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 »

Astoria and Brooklyn middle schoolers celebrate opening of new NYCHA community spaces

Dec. 19, 2024 By Ethan Marshall and Ramy Mahmoud Twenty-two middle school students from Astoria NYCHA Houses and 14 more from Stanley Avenue Preservation (Linden and Penn-Wortman Houses) in Brooklyn’s East New York neighborhood. along with family and community members, marked the opening of new community rooms at the HANAC Astoria Cornerstone program, located at… Read more »

Queens mayoral candidates Ramos and Mamdani pledge rent freeze for stabilized apartments at housing forum

Each of the seven mayoral candidates at Saturday's forum. Photo: Alex Chan

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 »

Long Island City development moves forward with $70M loan for 26-story building

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 »