It may seem like New York City is in the midst of a building boom, with new developments continuing to go up in areas including Long Island City and Downtown Brooklyn. But a new report prepared by the Department of City Planning refutes that, and makes the case that New York City needs to build more housing to keep up with its “explosive” job growth.
The report, titled “The Geography of Jobs,” delves into the city’s and ...
Continue Reading →Many people in the industry predicted it: the number of transactions went down quite a bit – 14.2% YoY actually to 2,560 homes sold. As you may remember, many sales were pulled into the previous quarter in order to avoid the, well known and much discussed, Mansion Tax hikes. That generated a sense of “fake” recovery and we now know for a fact it was a “fake”!
Located at 23-15 44th Drive (Long Island City), the residential skyscraper will soon stand 778 feet tall, making it the tallest building in New York outside of Manhattan.
Once completed, the building will be clad in 358,538 square feet of glass, equivalent to a span of over six football fields.
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First, it was tax reform that pushed CEOs, hedge fund managers and other high-net-worth individuals to South Florida. They were lured in by the favorable climate, luxury residential properties and most of all, substantial tax savings.
Now, it is the multifamily investors who are heading to South Florida, and for a different reason: rent control, something the Sunshine State lacks.
Multifamily investors are moving quickly and making offers on properties in South Florida, brokers say. But they are also encountering ...
After two decades of planning and years of delays, the Hunters Point Library is finally opening in Long Island City.
This new branch of the Queens Public Library was first proposed for the neighborhood in 1999, but it took more than 10 years for concrete plans to materialize.
The road here was bumpy, to put it lightly—and when all was said and done, the total cost of the library was more than $40 million.
Dennis ...
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Closings are underway at Paramount Miami Worldcenter and and it appears to be a quick success for the developers.
More than 100 condo units have been closed as of Monday (9/23), Miami-Dade county records show.
Closings began in late August and were interrupted by Labor Day (Hurricane Dorian also closed many businesses during that week), but buyers are now quickly making their final deposits and taking possession of their condo units.
More than $500 million in units were sold prior to ...
