Search
 

“LIC Is No Longer a Value Play”

NEW YORK CITY—The area's proximity to Manhattan, its rising residential density and many other factors have made it “a desire play,” according to a panelist at the Long Island City' Partnership's Ninth Annual Real Estate Breakfast.

By Rayna Katz | Updated on April 22, 2015

NEW YORK CITY—Concern over rising land costs—particularly in Manhattan—coupled with increasing residential density has turned Long Island City into one hot potato, according to a panel of experts who convened on Wednesday in the burgeoning section of Queens.

Yet, sentiment appeared mixed as to whether the area is at the beginning of its heyday or if it has gained widespread acceptance, making it ready for the next phase of development and marketing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.