Thursday, November 14, 2019

Hyper-development swticheroo for Long Island City abandoned warehouse property

This is from last year:

 City Realty

 And this is from this week:

Commercial Observer 

So it went from a multifamily residential project to a purely commercial one? Quite a switch.

No "affordable housing". Not even 20%?


TommyR said...

Can't be terribly disappointed by this - if it's not truly affordable, better it simply be office and work-spaces than a luxury MU.

Anonymous said...

The real shock is someone building a purely commercial building in a popular gentrifying neighborhood. It seems like leaving money on the table. What do they know that we don't?

Anonymous said...

Conspiracy theories, Amazon renting some floors???

Anonymous said...

LIC is overrun with apartments and hotels. Commercial is good.