After securing a major construction loan, Circle F Capital will start developing a new project in Queens. The loan has provided the firm with $46.2 million and they will use it to build a condo project in Long Island City. The loan was provided by
SB Development Group and Heritage Real Estate Partners enter partnership in order to build new condominium project in LIC
A partnership between two development groups has been created in order to bring more condos to the Queensboro Plaza area of Long Island City. The two groups that have joined forces are SB Development Group and Heritage Real Estate Partners. According to reports, they intend
Another hotel is being added to the already packed neighborhood of Long Island City. According to reports, McSam Hotel Group has purchased a site for $7.8 million, addressed at 38-04 11th Street. The idea is to build a hotel with 142 keys that will span
Even though Manhattan has historically been where hotels in New York City are, there is a new player coming to town and will not settle down in Midtown, like many others of its kind do. Toyoko Inn, known for its huge dimensions, is coming to
After Manhattan, the most popular neighborhood for new hotel development is, by far, Long Island City, in the borough of Queens. Data shows that since 2010, 45 new hotels have been developed or are in development in the area. Long Island City’s closest competitor is
Newly filed records with the New York state Attorney General’s office are showing that Lily Guo, a real estate developer based in Flushing, has plans for a new condominium. This condo will be addressed at 46-20 11th Street in the neighborhood of Long Island City.
Even though there has been a significant increase in construction projects in Long Island City, experts say there is no need to worry about oversupply, especially when it comes to office space. According to them, only now the city of New York is reaching pre-September
Nearing the end of 2016, developer Savanna purchased the tower known as the Falchi Building, which is located in Long Island City. According to recent reports, the company has invested $35 million in a renovation project for the tower and the process has already begun.
A new development is on its way in the neighborhood of Long Island City, in Queens. Zand Development LLC is in charge and the company already filed the corresponding permits for a site addressed at 29-00 Northern Boulevard. This is another project located on Jackson
As the inauguration date gets closer and closer, the reveals regarding the redevelopment taking place in the old Eagle Electric factory are becoming more frequent. The last reveal includes the new façade, which is almost done and has stopped being just a picture or a