Tag Archives: Genting America

If you build it, they will come


| editorial@queenscourier.com

Last week’s State of the State address by Governor Andrew Cuomo promised big things for Queens, chief among them building the country’s largest convention center on the former site of the Aqueduct Racino.

The 3.8 million-square-foot convention center would accommodate the nation’s largest events, up to 3,000 hotel rooms and many restaurants, and create new tourism revenues. The project would be a $4 billion investment financed by Resorts World that the governor said is estimated to generate 10,000 construction jobs and 10,000 direct, permanent jobs and thus create new economic activity throughout the state, especially in our own backyards.

The project would be headed by Genting America, the same company that conceived and constructed the Resorts World Casino at Aqueduct.

We say bravo to Cuomo, to Genting, the elected officials in support and to the project as a whole.

The New York International Convention and Exhibition Center will put Queens on the map and make us a “destination location.”

The first phase, 2.6 million square feet, is set to be completed at the earliest, in November 2014.

But before that can happen, certain improvements must be in place.

Traffic and road conditions need to be ameliorated on the Belt Parkway and local streets need to be studied and prepared for the additional traffic, including extra parking spaces.

The good news is that Resorts World and the state have already agreed to work alongside the Metropolitan Transportation Authority (MTA) to help fund and introduce uninterrupted subway service between Midtown Manhattan and the center.

Our borough is bustling and bourgeoning, and a convention center will be the perfect way for Queens to hit the jackpot!

Meanwhile, on the other end of the borough, 13 acres of waterfront property — the single largest building site in the borough — is now for sale in Whitestone.

According to Massey Knakal Realty Services, the site has already been approved for the construction of 52 single-family homes by the City Planning Commission.

The area, according to locals, is one of the most desirable in the borough, with houses selling for $2 million. And the development of the 52 homes, according to one local official, would “set a precedent for future development.”

And in Astoria, the Lincoln Equities Group, a real estate company based in New Jersey, hopes to build seven residential towers, dubbed Hallets Point, a supermarket and a waterfront park along the East River.

This would create roughly 2,200 units of housing. Approximately 1,800 of the units would be market rate, with 400 to 500 – or 20 percent – reserved for affordable housing. The privately-financed project, which is expected to create 1,400 construction jobs and 300 permanent jobs, has an estimated cost of over $1 billion.

With all these development projects, it’s clear that Queens is the place to be!