The department store took a 10,000 square feet space out of 5-25 46th Ave. in LIC, a three-story building owned by plastic packaging company Plaxall, The Real Deal reported. The building is also home to the popular LIC Flea & Food.
With more than 22,500 new residential units planned or being constructed already in Long Island City, many questions about infrastructure are up in the air. The problem of schools in particular poses a great concern as current residents want to make sure that the institutions aren’t overloaded with children when the new residents move in.
In front of hundreds of real estate industry members at the LIC Partnership’s ninth annual real estate breakfast on Wednesday, experts agreed that it’s a good time for the area as it blooms into one of New York’s most desirable neighborhoods, and that real estate activity is set to multiply.
Not long after starting marketing for the newest condo building in Long Island City, real estate brokerage Modern Spaces announced Thursday yet another condo in the hot neighborhood that will begin marketing shortly.
Neighborhoods in Queens are experiencing revitalization through the renovation of 1950s and pre-war era apartment buildings as well as the addition of new, modern buildings that have attracted the attention of young families.