From the Real Deal:Developer Edward J. Minskoff Equities abandoned plans to build a 635-room dormitory in a rapidly-changing section of Long Island City in order to concentrate on larger projects in Manhattan, the company's president said.
Edward Minskoff, president of the commercial firm, had sought to build the 19-story tower on the property at 30-30 Northern Boulevard in Queens Plaza.
He sold it to Long Island City-based Alma Realty, which paid $21.5 million for the 238,000-square-foot building and the 103,000-square-foot parcel under it on Jan. 27, city property records published last Friday show. The sale went into contract in September 2010.
The Queens Plaza neighborhood is undergoing a transformation thanks to the city's rehabilitation of the streets underneath the elevated N and 7 trains, as well as the completion of Tishman Speyer's $316 million Gotham Center Tower office building. Yet brokers said the site still presents challenges because it faces the elevated subway tracks.
Minskoff's dormitory was slated to house 1,640 students on the parcel wedged between the elevated N train and Sunnyside Yards. He bought the site in 2006 for $15.75 million, city records show.
9 comments:
Yes, just what is needed.
1600 (translation 1900) students in a big building between a train yard and a busy highway.
Nothing else except bodegas and Queens Plaza.
Now I'm not an employee of city planning or EDC, but it sorta makes me understand why our elected officials are MIA when these pricks beat up on us.
The nearest civic is Dutch Kills Civic Association whose president was recently quoted in the local press as proudly stating:
“Now that the hotels are here and we realize the improvements they bring to the community, we welcome the opportunity to work together toward an even better Dutch Kills,”
The nearest civic is Dutch Kills Civic Association whose president was recently quoted in the local press as proudly stating:
WHO IS THIS FUCK?
These things make sense at a transit hub like Queens Plaza. I'm just saddened at how our gems were blasted out -- the LIC Star Building, 19th century row houses, beautiful banks, etc. But putting a hotel on an empty warehouse site doesn't bother me. Somehow the empty warehouses and chopshops survived while our heritage didn't.
Eric not all of us paddle around with decals from major developers plastered all over our projects.
But then again, the developers arn't sitting on us because of the politicans (most are not that bright) but because for a little ice cream money our neighbors will slit our throats to keeep us quiet.
WHO IS THIS FUCK?
Oh, is this a gessing game?
How about a friend of Carolyn and of Jimmy and of Kathy?
@Anonymous: "[F]or a little ice cream money our neighbors will slit our throats to keeep (sic) us quiet."
Hyperbole anyone?
As for developers, if we are going to bring value to the waterfront, they'd better provide support. They're building anyway, and using kayaking as a selling point. So why not have them pony up? You've got the whole thing in reverse. We are providing free services to those who couldn't otherwise afford them by reminding developers that they owe financial support to the community volunteers who are incidentally making their properties a bit more marketable.
Each person in the LIC Community Boathouse crew is a volunteer. We don't earn a dime from this work. So perhaps you might thank them by bringing that ice cream?
Hyperbole anyone?
Is that like the Superbowl? Inquisitive minds want to know.
Does that man on the picture have jaundice?
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