Real Estate Developments
Queens’s Long Island City taking a Lead in Real Estate Developments
The borough of Queens comprises of several neighborhoods and every one of them is urbanized in its own way, filled with mixed cultural backgrounds. You ask the residents about the rapid developing neighborhood in Queens real estate, they probably will tell you! However, this is not the real case for all the neighborhoods. Some have been touch by the Queens real estate development while some have been some bypassed. In some places, you need not ask the question. A look around the neighborhood will tell you of a serious case of fever, Queens real estate development fever.
Each year millions of visitors flock the Long Island City, Western Queens
to sample its wealth of art, museums and quality of life made possible by the blend of people from different cultural backgrounds. LIC, as most New Yorkers call it, is located across the East River from Midtown Manhattan and the Upper East Side. The vibrant City has always had a diverse history compared to the rest of Queens.
The last two decades has witnessed the transformation of Long Island City into a key residential focal point.
The latest development is more residential growth, making it a lucrative market for the Queens real estate pros. Though Astoria and other areas are considered to be favorites for Queens real estate buyers, residential rezoning and the improvement of the East River sea front has lead to the remodeling of old buildings and structures into condominiums, which share common areas, the back yard, parking etc. Such developments have attracted a lot of real estate agents into L.I.C. who have expanded its edges and boundaries in their advertisements.
Real estate transformation is well expressed by the tales of new developed and old renovated structures. Some of those latest developments of Queens real estate include; the Solarium, the first green condo in LIC now boosts of a roof-top wind turbine, giving it a silver rating under the National Green Building Program; the Murano Condo, with its new multi-color light-clock which has a different color for every hour has memorized the local residents that there is a new joke, “You have a color wheel now in case you lose your watch”; and what seemed like a marvel to many and much to the delight of many residents and businesses, the reopening of Borden Ave Bridge as a two-way traffic bridge. This is the most express way to the LIC waterfront and will increase the number of visitors to the City.
Another phenomenon is Dutch Kills, a historic part of LIC north of Queens Plaza
where development rampage has blown up; new buildings, split lots and hotel boom. More than 40 years Dutch Kills has been dominated by warehouses, small industrial businesses and automotive shops, but lately its streets are a mixture of two-story homes, single family houses and a thousand and one condos. Within two years, three hotels have moved into the area, patronizing Queens real estate, with several others under construction. Some parts of this area are still cheap in terms of rent, but taking a look at its location, soon the landlords will have a change of heart.
Taking a tour in LIC, the essence of a historic neighborhood, a true home to art and the gem of Queens real estate, guarantees you a rich blend of history and modern developments, which will help you understand why developers and realtors are dubbing it, the next real estate frontier in Queens if not in the entire City of New York.