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New York City’s Building Projects on Spring

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New York City's Building Projects on Spring

The new set of designs may not bust any world records. Still, they do focus more on large footprints than stature.

Long live the Queens (real estate market, that is)

A handful of high-profile plans were filed with the city this March. One borough, in particular, is the epicenter of the explosion.

Queens is raking in big bucks as a side effect of Brooklyn’s new allure. Five of the ten most prominent blueprints put out there in March had a Queens address.

Other factors have nudged the trend. Manhattan is now too rich for the blood of multitudes. Up to now, a trough in new properties has increased the Queens price.

Will it last forever? Not if an ambitious generation of firms has anything to say about it.

Think big, but not tall

The new set of designs may not bust any world records. Still, they do focus more on large footprints than stature.

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  • Monadnock Development is working on a ten-story building called One Flushing
  • An additional bout of construction in the Rockaways will yield just seven stories
  • A private school with six floors
  • Sixteen floors for a hotel

Evidently, planners are suffering from a fear of heights.

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But where in Queens is all this?

The market and the actions of investors seem to be a bit at odds. Each wants to move the other. Each has achieved minimal success in that aim.

Central Queens would, according to the numbers, be where it should. Northwest Queens is looking a little sickly, though.

The new home-buyers are in for longer mortgages. They judge the neighborhood in question. People just aren’t as fixated on the boroughs.

Flying in the face of that is a floor plan for Rockaway and a hotel for Long Island City. No one shows signs of concern that these are two of the slowest market sectors.

The culmination of a long-sought vision

Just short of ninety units will be a foretaste of things to come for Tides Road. It constitutes a small part of the larger area created by real estate developers. That goes by the name Arverne by Sea.

The Tides will be able to house multiple families in a zone that goes right up to the water. Next to it in a row are Ocean Breeze, Palmer’s Landing, The Sands, and The Breakers. Up until now, the Tides Road spot has been mostly vacant.

It’s no secret that planners have had their eye on a larger dream for this entire shoreline.

Flushing is flush with success

If Queens is the epicenter of the boom, then Flushing is the impact site. At least, that’s the conclusion reached when you look at the number of companies eyeing it.

Of course, there’s One Flushing, as listed above. The city now operates the future resting place. It will eventually serve local interests as well as community functions.

Like many of the buildings, we’re talking about today; One Flushing has surrendered its ground floor to the needs of shops and businesses that interface directly with customers. It sports a “green roof.” The windows have been designed to reduce noise.

Sticking out above the crowd

The real cream of the crop for lovers of eye-candy will be a condo skyscraper of over four dozen floors. It’s the main exception to the rule of low-budget structures.

New Empire Real Estate thinks it will serve as a fantastic new bauble close to Grand Central Terminal. The nifty drawing they released backs up the idea.

Midtown East has seen streets’ worth of its architecture plowed under for parking space. Now some of that will, in turn, be cannibalized for the tower’s purposes. Ironically, the new skyscraper will have bicycle parking.

The behemoth will even have rooms specifically for kids, and a gym to boot.

That’s all part of the new image of progressive city planning that real estate moguls are trying to put forth as their persona.

Housing for those who need it most

Inevitably, in any large city’s landscape, many of the desirable places are owned by the government. The corporations have had to play ball to get their share of the profits.

King’s USA Group wants to place a corporate facility in…you guessed it: Flushing. But the local city authorities are contemplating new zoning laws which may impinge on the idea.

A nonprofit outfit with the help of the State is trying to make a place for the mentally ill who are still generally self-sufficient.

A great deal of One Flushing’s appeal is its promised affordability. Monadnock is not alone on the contract, helped out, and perhaps monitored, by numerous advocacy groups. Five dozen units have been set aside just for the elderly.

The rest is supposed to go to low-to-moderate-income citizens. Services are being designed to aid the poorer occupants.

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