QNE_p083

QC11202014

FOR BREAKING NEWS VISIT www.queenscourier.com NOVEMBER 20, 2014 • REAL ESTATE • THE QUEENS COURIER 51 Flushing fi rm awarded $282M to repair Sandy-damaged Hugh L. Carey Tunnel BY LIAM LA GUERRE lguerre@queenscourier.com @LiamLaGuerre A third-generation Flushing construction fi rm was awarded a contract worth $282.5 million to repair the Hugh L. Carey Tunnel from damage it suffered during Superstorm Sandy. Tully Construction beat out 24 companies for the contract real estate to work on the former Brooklyn-Battery Tunnel. The contract is the largest ever awarded to a construction company from the MTA Bridges and Tunnels division, the organization announced on Nov. 17. The project is expected to take four years. “We learned just how vital the HLC Tunnel is to the region in 2012 after Superstorm Sandy fl ooded the tunnel with approximately 60 million gallons of brackish water, compromising the life safety systems in the tunnel,” MTA Bridges and Tunnels President James Ferrara said. “This project will increase the level of resiliency against future weather events.” Tully Construction will replace the traffi c control and communications systems, add new lighting, replace the drainage system, do concrete repairs, add new wall titles, rehabilitate the Brooklyn toll plaza, repave the tunnel, and conduct a clean-up of salt, oil and other contaminants from Sandy fl ooding. Charts courtesy of Keller Williams Realty QUEENS HOME PRICES CONTINUE TO SOAR, WHILE NUMBERS OF SALES DROP BY LIAM LA GUERRE lguerre@queenscourier.com @LiamLaGuerre The cost of homes in Queens has been soaring and are likely affecting sales in the borough, according to a new report. For a third consecutive month ending in October, Queens saw a drop in home sales, while median prices in the borough rose for a second consecutive month, according to a monthly market update by Keller Williams Realty. The prices of houses are also signifi cantly higher compared to the same month last year, the report said. Home buyers probably paid around $630,000 for a single or multifamily residence in October, but just $540,000 during the same month last year. Sales are following suit by trending down when compared with the month of the previous year as well. SEE IT: 7-bedroom Colonial house at $4.5 million A humongous three-story, seven-bedroom Colonial house in Forest Hills Gardens is asking $4.5 million, according to Terrace Sotheby’s International Realty, which is marketing the property. The home, which is located at 65 Tennis Place, features four full and two half bathrooms, high ceilings, a solarium and a fi replace throughout 4,200 square feet. The property sits on a quarter of an acre of land. There is also a large formal dining room, and a two-car garage with a guest apartment and separate kitchen and bathroom above.


QC11202014
To see the actual publication please follow the link above