March 27, 2017
New construction projects are transforming the Long-Island City neighborhood of Queens.
Developers now plan to build another 22,050 residential units in the neighborhood. That’s twice the 11,850 units they have completed since 2006. It includes 8,945 units scheduled to open in 2017 alone, according to the latest report from the Long Island City Partnership.
But wait — there’s more!
Developers are also planning 35 new hotels totaling 4,670 rooms — adding to the 29 hotels now operating. Plus, they are working on 3.5 million new square feet of office space, adding to the the 6.8 million square feet now available.
It’s hard to know with any certainty how all this new development will turn out — because the new space will create such a different environment from what exists today.
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