20170608_XQC_QNE_p052

QC06082017

REAL ESTATE Another tall offi ce and retail development planned for lIC Sales in Queens HOMES  COOPS  CONDOS Listings and photos courtesy MLSLI NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST BAYSIDE JACKSON HEIGHTS QUEENS VILLAGE FOREST HILLS Under $500,000 249-18 60th Ave., Little Neck $200,000 Co-op 1 bedroom, 1 bathroom Lilly Chase Douglas Elliman Real Estate $500,000-900,000 160-11 23rd Ave., Whitestone $879,000 1-family ranch 3 bedrooms, 2 ½ bathrooms Walleska Wong Prime Realty Over $900,000 201-13 38th Ave., Bayside $1,330,000 1-family Colonial 3 bedrooms, 1 ½ bathrooms David Legaz Keller Williams Realty Landmark Under $500,000 54-17 31st Ave., Woodside $275,000 Co-op 1 bedroom, 1 bathroom Lisa D’Amico Douglas Elliman Real Estate $500,000-900,000 86-10 34th Ave., Jackson Heights $799,000 Co-op 2 bedrooms, 2 bathrooms Michele Beaudoin Beaudoin Realty Group Over $900,000 25-59 37th St., Astoria $1,450,000 1-family home 4 bedrooms, 1 ½ bathrooms Francesco Marino F S Marino Realty Under $500,000 111-14 207th St., Queens Village $470,000 1-family Colonial 3 bedrooms, 2 bathrooms Sandra Morrison Century 21 Milestone Realty $500,000-900,000 86-10 249th St., Bellerose $649,000 1-family Colonial 3 bedrooms, 1 bathroom Yasantha Gurusinghe Laff ey Real Estate Over $900,000 173-07 Grand Central Pkwy., Jamaica Estates • $999,999 1-family home 4 bedrooms, 1 ½ bathrooms Jonathan Talmi Exit Realty Next Under $500,000 101-14 106th St., Ozone Park $359,000 1-family Colonial 3 bedrooms, 1 bathroom Khemraj Paul Jaikaran Realty Corp $500,000-900,000 91-33 88th Ave., Woodhaven $529,000 1-family townhouse 3 bedrooms, 1 bathroom Alejandra Fermin Empire Fine Homes Over $900,000 69-27 Ingram St., Forest Hills $1,750,000 1-family Tudor 4 bedrooms, 2 ½ bathrooms Lily Tran Exit Kingdom Realty BY ANGELA MATUA amatua@qns.com / @AngelaMatua A new eight-story building planned for Long Island City will seek to attract retail and commercial tenants in a neighborhood that has seen a residential complex boom in the last few years. Jackson Square, a development that will be built at 23-20 Jackson Ave., includes three fl oors dedicated to retail and fi ve fl oors of space for commercial tenants. Jackson Square is located across the street from the Citigroup building and is currently a one-story structure. According to its website, the building will include 53,329 square feet of space on the fourth through eighth fl oors for commercial tenants and 30,000 square feet on the fi rst three fl oors for retail tenants. Each fl oor also features outdoor space. Th e Vorea Group, which purchased a 99-year lease for the site last year, is trying to entice tenants by promoting Relocation and Employment Assistance Program tax credits, which the city gives to businesses when they relocate outside of Manhattan. Businesses are entitled to $3,000 for each employee, Real Estate Weekly fi rst reported. Garry Steinberg, managing director and principal of marketing fi rm Lee & Associates, told Real Estate Weekly that the building’s location off ers many benefi ts to tenants looking to move in. “Today’s Long Island City off ers unparalleled access to four boroughs and two international airports for customer traffi c,” he said. “In addition, the area has a rapidly growing, affl uent residential population, as well as an expanding commercial sector.” Th e city is looking to rezone the Court Square section of Long Island City in hopes to attract more commercial and retail tenants, arguing that more supply will drive down rent costs. But in a February community meeting to discuss the plan, longtime residents and business owners expressed fear that the rezoning would only bring in tenants looking to pay top dollar and make it more expensive to live and work in the area. No plan has been fi led for Jackson Square with the Department of Buildings as of yet. Photos via The Vorea Group An eight-story retail and commercial building is planned for Long Island City.


QC06082017
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