The New York City Council has approved the Adams administration’s OneLIC Neighborhood Plan. The largest rezoning the city has enacted in 25 years, the plan will rezone a 54-block swath of this Queens waterfront neighborhood to facilitate construction of up to 14,700 housing units, including 4,350 income-restricted units. It also entails adding 3.8 million square feet of commercial, community facility and light industrial space.
“When we came into office, we promised to turn the page on decades of half-measures and deliver the housing New Yorkers need,” said Mayor Eric Adams. “Four years later, we’ve done exactly that. With our five neighborhood plans and historic ‘City of Yes’ initiative all passed, we’ve laid the foundation for over 130,000 homes and changed the conversation around housing in our city.”
OneLIC is the fifth neighborhood plan to be approved under Adams, following Midtown South, Jamaica, Atlantic Avenue and the Bronx-Metro North Station Area Plan.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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