LONG ISLAND CITY: WHATa��S IN THE FUTURE FOR THE QUEENS SKYLINE


Toyoko InnSkyscraper

After originally flirting with the idea in 2010, Japana��s Toyoko Inn has decided to go forward with the construction for an impressive hotel in Long Island City. The plans have been finalized to build a 50-story, 261,000 square foot hotel located on Jackson Avenue, which is a more popular streetA�in Long Island City.

The Toyoko Inn is a common hotel chain in Japan, Korea, and Cambodia, with plans to develop in Germany and Philippines. However, this Queena��s location will be the first in the U.S. with no current plans to open in other areas.


Tishman SpeyerTishman Speyers Skyscraper

With the significant increase of residential development, there has been more demand for office and retail space in the neighborhood. Tishman Speyer and Qatari Diar have plans to develop a 1.1 million-square-foot office project in response to the demand. Therefore, this project will feature two 27-story office buildings and a 4-story retail building. Located at Queens Plaza South and Jackson Avenue, companies like WeWork and Macya��s are expected to become leaseholders.


Court Square City View TowerSkyscraper

Chris Jiashu Xu has refinanced his development site with a $100 million loan from the Bank of China, where he plans to build a 79-story tower, but the plans are yet to be approved. The original plan was to feature 660 apartments, along with 100,000 square feet to be used as commercial space. The developer has then decided to build 774 apartments and 19,721 square feet of retail space on the ground floor. Projected to be finished around fall of 2019, the tower will be located at 23-15 44th Drive and will include 225 parking spots.


Overall, Long Island City has become a highly sought after neighborhood, due to its affordability (when compared to other NYC neighborhoods) and its accessibility to Manhattan. In New York City, when therea��s a residential-desired neighborhood, the building of new developments will quickly follow. Multiple development firms are getting their hands on a piece of LIC with future plans for residential and commercial spaces. Expect the Queena��s skyline to grow, not quite to the degree of Manhattan just yet but soon enough.

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