The real estate boom in Long Island City continues to grow. Another tower will be added to the neighborhood’s skyline, courtesy of the same people that own Silver Star Motors. Silver Star Motors is a car dealership that is right next to the new site,
According to the Real Deal, Century Development Group is moving along and building The Farrington. As YIMBY reported back in September, the property is slated to be a mix-use of residential and retail along with a hotel in Flushing. Developer George Xu of Century development
Dad and Son at it again: Henry and Justin Elghanayan of Rockrose plan for a 18-story building in LIC at 43-12 Hunter street
According to the Real Deal, Rockrose Development Corporation has another big Long Island City develoment on the way. This comes on the heels of their current development on 43-25 Hunter Street. Across the street, at 43-12 Hunter street, Henry and Justin Elghanayan are planning for an
A prop storage A company that specializes in making movie props is planning on building a storage facility in Ridgewood, Queens. The Specialists Ltd is developing a 143,000 square foot complex. There, they will keep cars, military vehicles, trucks and “futuristic hover vehicles” used in
New transaction in Rego Park An eleven story office building located in Rego Park has been recently sold for almost $140 million (about $391 per square foot). The buyer was one of its tenants, health insurer Fidelis Care, while the seller was the LeFrak Organization.
Workout Factory finds new digs in Long Island City, space significantly larger The Workout Factory, a gym that closed last month after losing its lease, is coming back to Long Island City bigger than ever with almost twice the space and significantly more classes. The Workout
Historic sellout in Queens One of the most expensive offering plans in the history of the borough has been submitted. Anthony Hu, owner of Easter Star Development, is targeting a sellout of $253.3 million. The property on sale is a bundle of 182 condominiums. These
Affordable housing in Jamaica Century Development Group, the company owned by George Xu, is planning to build on a vacant site in Jamaica. Furthermore, the project will consist of a residential building with 88 units distributed over eight stories. The site is at 148-31 90th
Deutsche Bank refinances loan A partnership comprised by three different companies has secured a refinancing of over $212 million. The companies in question are Property Markets Group, the Hakim Organization and New Valley. They own a 44 story rental tower based in Long Island City.
Brooklyn-based tennis club to open Long Island City facility The owners of a Brooklyn-based indoor tennis club are planning to open a Queens location in Long Island City. Court 16, a private club offering tennis lessons, tennis camps and court space for adults and children, will be