This document summarizes the state of retail development in Long Island City, New York. While residential development has boomed with thousands of new luxury apartments, retail has lagged due to the lack of a continuous retail corridor and ground floor space in residential buildings. However, the document predicts that planned arrivals of Amazon and Bloomingdale's offices will bring thousands of jobs and residents to the area, encouraging more retailers to open stores and fulfilling the demand for services and amenities. Retailers are expected to start with food, pharmacy and convenience stores before expanding to other categories to support the growing population.
The document proposes renovating an underutilized property located in downtown Palo Alto, California. It will be replaced with a five-story mixed-use building containing 22 apartments and 3 retail spaces. The area has strong demand for housing and retail due to its proximity to jobs, transportation, and amenities. Financial projections estimate the renovation will cost $18.9 million and generate a 12-22% return on investment depending on capitalization rate. Design plans and placemaking objectives are included to showcase the property's potential value to investors and the community.
The document summarizes the history of Emeryville, California from its origins as a small industrial town known for its factories, race track, and illegal activities, to its current status as a center of high-tech innovation and creative businesses. It describes how Emeryville transformed from an industrial hub in the early 1900s to a "rotten" city during Prohibition due to its many speakeasies, to now hosting companies developing new technologies in fields like computing, biotech, and sustainable fashion. The city has cultivated a culture that supports both scientific discovery and creative businesses.
Jim Macaleer, the co-founder and CEO of Shared Medical Systems, passed away last week. He helped pioneer the healthcare information systems industry by co-founding SMS in 1969 with Harvey Wilson and Clyde Hyde. Under Jim's leadership, SMS grew from a small startup with 10 hospitals to a company with over 7,000 employees and $1.2 billion in annual revenue before being acquired by Siemens. Jim was a strong and caring leader who helped many employees build successful careers and generously shared the company's stock gains. He grew SMS into an enormously successful company through hard work and perseverance.
The South Park neighborhood of Downtown LA is emerging as a new retail district, with over $3 billion being invested in new development projects including residential units and hotels. Developers see the opportunity to build on the 32 square block area near transportation hubs. The South Park BID is working with developers to plan retail spaces and attract tenants to serve the growing residential population and visitors, establishing South Park as a sustainable neighborhood with shopping, parks, and housing. Major projects underway include Oceanwide Plaza and Ten50 residential towers with retail components.
A charter school operator called Learn4Life will relocate its headquarters to a larger vacant building in Lancaster in order to expand its career training programs for high school students. The new location will have space for classrooms and hands-on work experience programs. The move is intended to consolidate Learn4Life's operations, currently spread across three separate offices, and better facilitate its educational and workforce development mission.
This document summarizes the development of a new mixed-use community called Cannon's Town Square in Cannon Township, Michigan. The $50 million project includes a new Ric's Food Center grocery store, retail and office space, and residential homes and townhomes designed with a walkable new urbanist approach. The developer, Tol Companies, aimed to create an environmentally friendly community with a traditional neighborhood design layout and emphasis on resource conservation.
Commercial real estate is booming in Portland, Maine. Two major projects underway are the Portland Company Complex redevelopment and Thompson's Point, a mixed-use development with residences, offices, retail, and entertainment venues. Smaller projects include new hotels, residential towers, and renovations of existing buildings. This growth is driven by investors seeing opportunity in Portland's growing economy and popularity as a tourist destination known for its food scene, art, and quality of life. Developers aim to create vibrant neighborhoods and public spaces to attract both residents and visitors.
The document proposes renovating an underutilized property located in downtown Palo Alto, California. It will be replaced with a five-story mixed-use building containing 22 apartments and 3 retail spaces. The area has strong demand for housing and retail due to its proximity to jobs, transportation, and amenities. Financial projections estimate the renovation will cost $18.9 million and generate a 12-22% return on investment depending on capitalization rate. Design plans and placemaking objectives are included to showcase the property's potential value to investors and the community.
The document summarizes the history of Emeryville, California from its origins as a small industrial town known for its factories, race track, and illegal activities, to its current status as a center of high-tech innovation and creative businesses. It describes how Emeryville transformed from an industrial hub in the early 1900s to a "rotten" city during Prohibition due to its many speakeasies, to now hosting companies developing new technologies in fields like computing, biotech, and sustainable fashion. The city has cultivated a culture that supports both scientific discovery and creative businesses.
Jim Macaleer, the co-founder and CEO of Shared Medical Systems, passed away last week. He helped pioneer the healthcare information systems industry by co-founding SMS in 1969 with Harvey Wilson and Clyde Hyde. Under Jim's leadership, SMS grew from a small startup with 10 hospitals to a company with over 7,000 employees and $1.2 billion in annual revenue before being acquired by Siemens. Jim was a strong and caring leader who helped many employees build successful careers and generously shared the company's stock gains. He grew SMS into an enormously successful company through hard work and perseverance.
The South Park neighborhood of Downtown LA is emerging as a new retail district, with over $3 billion being invested in new development projects including residential units and hotels. Developers see the opportunity to build on the 32 square block area near transportation hubs. The South Park BID is working with developers to plan retail spaces and attract tenants to serve the growing residential population and visitors, establishing South Park as a sustainable neighborhood with shopping, parks, and housing. Major projects underway include Oceanwide Plaza and Ten50 residential towers with retail components.
A charter school operator called Learn4Life will relocate its headquarters to a larger vacant building in Lancaster in order to expand its career training programs for high school students. The new location will have space for classrooms and hands-on work experience programs. The move is intended to consolidate Learn4Life's operations, currently spread across three separate offices, and better facilitate its educational and workforce development mission.
This document summarizes the development of a new mixed-use community called Cannon's Town Square in Cannon Township, Michigan. The $50 million project includes a new Ric's Food Center grocery store, retail and office space, and residential homes and townhomes designed with a walkable new urbanist approach. The developer, Tol Companies, aimed to create an environmentally friendly community with a traditional neighborhood design layout and emphasis on resource conservation.
Commercial real estate is booming in Portland, Maine. Two major projects underway are the Portland Company Complex redevelopment and Thompson's Point, a mixed-use development with residences, offices, retail, and entertainment venues. Smaller projects include new hotels, residential towers, and renovations of existing buildings. This growth is driven by investors seeing opportunity in Portland's growing economy and popularity as a tourist destination known for its food scene, art, and quality of life. Developers aim to create vibrant neighborhoods and public spaces to attract both residents and visitors.
The Fairmount Small Business Initiative is working to maximize business opportunities and job creation as part of a $300 million investment effort along the Fairmount rail corridor connecting Dorchester, Mattapan, and Hyde Park neighborhoods of Boston. The initiative will develop new retail near transit stations, provide business support services, and prioritize local hiring to fill retail gaps and keep money in the neighborhoods. The document identifies specific commercial development projects near several stations that are available for lease.
KTGY is an architecture and planning firm with over 100,000 multi-family housing units built. They design multi-family homes ranging from affordable to luxury units. They focus on creating great communities and value for clients. Examples highlighted include the Westend development in Denver with 390 units near parks and transportation. The firm also designs mixed-use, campus, affordable, 55+, and international developments with a focus on delivering clients' visions.
The fteenth-largest city in the US has a strong track record of punching above its weight when it comes to creativity – and its pioneering spirit and proximity to both the mountains and the ocean means clients need little excuse to hang out there. Simon Wakelin meets some of the city’s leading creatives and discovers a burgeoning local ad scene...
The document discusses the transformation and business development in Inglewood, California. It summarizes:
1) Inglewood has pulled in new businesses like Three Weavers craft brewery through lower rents and fees compared to surrounding cities like Culver City and Santa Monica.
2) Major investments in Inglewood include the renovation of The Forum arena, the $1.6 billion Hollywood Park development project, and speculation that Stan Kroenke may build an NFL stadium.
3) These large projects and an improved city financial position have changed perceptions of Inglewood and attracted entrepreneurs despite its economic challenges.
The document describes the redevelopment of an abandoned 100,000 square foot industrial building in Columbus' Italian Village neighborhood into luxury apartments called The Jeffrey. The building was originally constructed in 1924 as the world's largest manufacturer of mining equipment. It has been faithfully restored with many original materials remaining or reconditioned. The $34 million project will include 93 units through adaptive reuse of the historic building and 65 new construction units.
Plan wisely. Build smart. MassDevelopment provides financing, real estate, and development solutions to strengthen the Massachusetts economy by increasing jobs and housing. The 2004 annual report outlines projects completed that year, new leadership and programs, and a focus on adaptive reuse to support economic growth.
BoyarMiller Breakfast Forum: The Houston Commercial Real Estate Markets – Wha...BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a panel discussion on the look ahead for Houston’s Commercial Real Estate for 2017. Speakers included Allen Crosswell with NewQuest Crosswell, Jonathan Brinsden with Midway and John Nicholson with Avera Companies.
Retailers return to the city -- USA TodayA.G. King
Retailers are increasingly moving back into urban areas as suburban markets become saturated and untapped growth opportunities exist in cities. Stores located in urban neighborhoods are often among the top performers, generating 3% more revenue per square foot than suburban stores. While supermarkets and drugstores led the initial return to cities, other chains like Kmart, The Sports Authority, and Pathmark are now opening urban locations. However, many retailers remain slow to enter urban markets and less than 5% of chain stores are currently located in cities, leaving significant opportunities for expansion.
The document discusses transit-oriented development around Los Angeles metro stations. It provides an example of successful transit-oriented development at the Hollywood/Vine metro station, which transformed a 2.3 acre parking lot into a development with 375 apartments, 28,000 square feet of retail space, and a 300-room hotel. However, much of the land around the station remains underdeveloped and parking-dominated. New zoning ordinances are expected to encourage higher density, transit-friendly housing and retail by reducing minimum parking requirements.
The RE Investment News is the monthly newsletter of Mid-America Association of Real Estate Investors. This is their special edition of Why to Invest in the Kansas City Metro Markets.
- Lakeview Square Mall opened in 1983 in Battle Creek, Michigan with great fanfare as a major new shopping destination. However, over 30 years later, the mall has declined as stores have closed and vacancies have increased.
- The mall was built to draw shopping dollars back to Battle Creek from other cities. However, it had negative impacts on downtown Battle Creek businesses and commerce.
- The future of the mall is uncertain as its owner has not publicly shared plans and major anchor stores like Sears and JCPenney face challenges. Losing additional anchors could seriously damage the mall. The owner is working to address the challenging retail environment through marketing and space reconfigurations.
This document summarizes real estate development activity along the I-25 corridor in the Denver south area. It discusses how office vacancy rates have declined for 10 consecutive quarters while rents have risen for 19 quarters. At least 17 new development projects are planned for the corridor stretching from Belleview to RidgeGate in Lone Tree. The area is becoming a hub for seven Fortune 500 companies across various industries. With light rail expansion and growing demand, the pace of development has picked up along the entire I-25 corridor after slowing for many years.
This document provides an overview of retail in Downtown Los Angeles (DTLA) in 2015. It discusses DTLA's evolution from an entertainment and nightlife destination to a viable location for various retail uses. The rapid growth of residential and commercial space in DTLA has created demand for retail. Several large new developments will deliver hundreds of thousands of square feet of new retail space. DTLA offers a diversity of distinct districts suitable for different types of retailers. The future of DTLA retail is bright as the population and visitor numbers continue growing, making it an active urban center once again.
The summary provides an overview of national mall trends, regional conditions in the Oklahoma City metro area, and recent retail development projects:
1) National malls are struggling due to a shift to online shopping and mixed-use lifestyle centers that offer retail, residential, and entertainment. Regionally, Oklahoma City has grown significantly but energy sector declines have impacted the economy.
2) Recent retail projects in Oklahoma City include The Market at Czech Hall, The Shoppes at Quail Springs, and expansions at Chisholm Creek. However, the office market has struggled with high vacancy rates due to energy industry layoffs and mergers.
3) Redeveloping Heritage Park Mall could help address regional economic challenges by attract
1) Several new restaurants have opened in Detroit in recent years, helping to reshape its reputation as a culinary destination. Many feature chefs recruited from other cities.
2) These new establishments are occupying formerly vacant century-old buildings and empty lots across the city, breathing new life into neighborhoods.
3) In addition to locals, these restaurants are attracting many new residents and employees of companies that have moved downtown, helping to slow Detroit's long population decline and creating an active after-hours scene.
Columbus, Ohio is the 15th largest city in the United States and was named the #1 up-and-coming technology city by Forbes. It has a thriving job market with over 37,500 jobs in science and technology companies like Battelle, Amazon Web Services, and JPMorgan Chase. Columbus was also recently awarded a $40 million Smart Cities Grant to improve public transportation and make it a leader in transportation innovation. Overall, Columbus offers a growing job market, stable housing, and vibrant arts, sports, and entertainment scenes.
The opening of 37 miles of Houston's third outer loop, known as Grand Parkway, provides opportunities for developers looking to build on thousands of acres of undeveloped land along the route. Grand Parkway cost $1 billion to build and took just over two years to complete, opening up land for new homes, apartments, shopping centers, offices, and industrial parks. "For Sale" and "Coming Soon" signs already line the route, with developers anticipating transforming untouched greenfields into new commercial and residential developments. The nearly $1 billion project is expected to profoundly impact the local economy by making it easier for people to travel between cities in the region like The Woodlands to Cypress or Kingwood.
People Want to Be in Hollywood - Daily News Article - GlobeSt.comRobert Leveen
Kelsi Maree Borland is a freelance writer living in Los Angeles. The article discusses the renaissance happening in the Hollywood submarket of LA. It notes major development projects transforming the area and attracting huge employers and residents. Robert Leveen, a principal at Lee & Associates, comments that Hollywood is experiencing rising rents and falling vacancies as the market benefits from being a global entertainment and tourist destination. People want to live and work in Hollywood.
This document lists 13 reasons for optimism in Rochester, NY in 2013. Some of the key points of optimism are: 1) Rochester's downtown population is growing and stemming losses; 2) Sibley building has new owners committed to revitalization; 3) A deal was reached to rebuild the Midtown Tower; and 4) Home sales, prices, and job growth are rising while unemployment is falling in the Rochester region.
Globe St - New Co-Working Firm Enters DCTed Skirbunt
The Yard, a New York-based co-working firm, signed a lease for 31,500 square feet in Washington D.C. at 700 Penn, a 150,000 square foot office building being developed near Eastern Market. The building is scheduled to deliver in summer 2017. The Yard's new D.C. location will be its first outside of New York and Philadelphia. The neighborhood was well-suited to The Yard's clientele according to the brokers, being urban, walkable, and near residential and commercial areas.
The Fairmount Small Business Initiative is working to maximize business opportunities and job creation as part of a $300 million investment effort along the Fairmount rail corridor connecting Dorchester, Mattapan, and Hyde Park neighborhoods of Boston. The initiative will develop new retail near transit stations, provide business support services, and prioritize local hiring to fill retail gaps and keep money in the neighborhoods. The document identifies specific commercial development projects near several stations that are available for lease.
KTGY is an architecture and planning firm with over 100,000 multi-family housing units built. They design multi-family homes ranging from affordable to luxury units. They focus on creating great communities and value for clients. Examples highlighted include the Westend development in Denver with 390 units near parks and transportation. The firm also designs mixed-use, campus, affordable, 55+, and international developments with a focus on delivering clients' visions.
The fteenth-largest city in the US has a strong track record of punching above its weight when it comes to creativity – and its pioneering spirit and proximity to both the mountains and the ocean means clients need little excuse to hang out there. Simon Wakelin meets some of the city’s leading creatives and discovers a burgeoning local ad scene...
The document discusses the transformation and business development in Inglewood, California. It summarizes:
1) Inglewood has pulled in new businesses like Three Weavers craft brewery through lower rents and fees compared to surrounding cities like Culver City and Santa Monica.
2) Major investments in Inglewood include the renovation of The Forum arena, the $1.6 billion Hollywood Park development project, and speculation that Stan Kroenke may build an NFL stadium.
3) These large projects and an improved city financial position have changed perceptions of Inglewood and attracted entrepreneurs despite its economic challenges.
The document describes the redevelopment of an abandoned 100,000 square foot industrial building in Columbus' Italian Village neighborhood into luxury apartments called The Jeffrey. The building was originally constructed in 1924 as the world's largest manufacturer of mining equipment. It has been faithfully restored with many original materials remaining or reconditioned. The $34 million project will include 93 units through adaptive reuse of the historic building and 65 new construction units.
Plan wisely. Build smart. MassDevelopment provides financing, real estate, and development solutions to strengthen the Massachusetts economy by increasing jobs and housing. The 2004 annual report outlines projects completed that year, new leadership and programs, and a focus on adaptive reuse to support economic growth.
BoyarMiller Breakfast Forum: The Houston Commercial Real Estate Markets – Wha...BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a panel discussion on the look ahead for Houston’s Commercial Real Estate for 2017. Speakers included Allen Crosswell with NewQuest Crosswell, Jonathan Brinsden with Midway and John Nicholson with Avera Companies.
Retailers return to the city -- USA TodayA.G. King
Retailers are increasingly moving back into urban areas as suburban markets become saturated and untapped growth opportunities exist in cities. Stores located in urban neighborhoods are often among the top performers, generating 3% more revenue per square foot than suburban stores. While supermarkets and drugstores led the initial return to cities, other chains like Kmart, The Sports Authority, and Pathmark are now opening urban locations. However, many retailers remain slow to enter urban markets and less than 5% of chain stores are currently located in cities, leaving significant opportunities for expansion.
The document discusses transit-oriented development around Los Angeles metro stations. It provides an example of successful transit-oriented development at the Hollywood/Vine metro station, which transformed a 2.3 acre parking lot into a development with 375 apartments, 28,000 square feet of retail space, and a 300-room hotel. However, much of the land around the station remains underdeveloped and parking-dominated. New zoning ordinances are expected to encourage higher density, transit-friendly housing and retail by reducing minimum parking requirements.
The RE Investment News is the monthly newsletter of Mid-America Association of Real Estate Investors. This is their special edition of Why to Invest in the Kansas City Metro Markets.
- Lakeview Square Mall opened in 1983 in Battle Creek, Michigan with great fanfare as a major new shopping destination. However, over 30 years later, the mall has declined as stores have closed and vacancies have increased.
- The mall was built to draw shopping dollars back to Battle Creek from other cities. However, it had negative impacts on downtown Battle Creek businesses and commerce.
- The future of the mall is uncertain as its owner has not publicly shared plans and major anchor stores like Sears and JCPenney face challenges. Losing additional anchors could seriously damage the mall. The owner is working to address the challenging retail environment through marketing and space reconfigurations.
This document summarizes real estate development activity along the I-25 corridor in the Denver south area. It discusses how office vacancy rates have declined for 10 consecutive quarters while rents have risen for 19 quarters. At least 17 new development projects are planned for the corridor stretching from Belleview to RidgeGate in Lone Tree. The area is becoming a hub for seven Fortune 500 companies across various industries. With light rail expansion and growing demand, the pace of development has picked up along the entire I-25 corridor after slowing for many years.
This document provides an overview of retail in Downtown Los Angeles (DTLA) in 2015. It discusses DTLA's evolution from an entertainment and nightlife destination to a viable location for various retail uses. The rapid growth of residential and commercial space in DTLA has created demand for retail. Several large new developments will deliver hundreds of thousands of square feet of new retail space. DTLA offers a diversity of distinct districts suitable for different types of retailers. The future of DTLA retail is bright as the population and visitor numbers continue growing, making it an active urban center once again.
The summary provides an overview of national mall trends, regional conditions in the Oklahoma City metro area, and recent retail development projects:
1) National malls are struggling due to a shift to online shopping and mixed-use lifestyle centers that offer retail, residential, and entertainment. Regionally, Oklahoma City has grown significantly but energy sector declines have impacted the economy.
2) Recent retail projects in Oklahoma City include The Market at Czech Hall, The Shoppes at Quail Springs, and expansions at Chisholm Creek. However, the office market has struggled with high vacancy rates due to energy industry layoffs and mergers.
3) Redeveloping Heritage Park Mall could help address regional economic challenges by attract
1) Several new restaurants have opened in Detroit in recent years, helping to reshape its reputation as a culinary destination. Many feature chefs recruited from other cities.
2) These new establishments are occupying formerly vacant century-old buildings and empty lots across the city, breathing new life into neighborhoods.
3) In addition to locals, these restaurants are attracting many new residents and employees of companies that have moved downtown, helping to slow Detroit's long population decline and creating an active after-hours scene.
Columbus, Ohio is the 15th largest city in the United States and was named the #1 up-and-coming technology city by Forbes. It has a thriving job market with over 37,500 jobs in science and technology companies like Battelle, Amazon Web Services, and JPMorgan Chase. Columbus was also recently awarded a $40 million Smart Cities Grant to improve public transportation and make it a leader in transportation innovation. Overall, Columbus offers a growing job market, stable housing, and vibrant arts, sports, and entertainment scenes.
The opening of 37 miles of Houston's third outer loop, known as Grand Parkway, provides opportunities for developers looking to build on thousands of acres of undeveloped land along the route. Grand Parkway cost $1 billion to build and took just over two years to complete, opening up land for new homes, apartments, shopping centers, offices, and industrial parks. "For Sale" and "Coming Soon" signs already line the route, with developers anticipating transforming untouched greenfields into new commercial and residential developments. The nearly $1 billion project is expected to profoundly impact the local economy by making it easier for people to travel between cities in the region like The Woodlands to Cypress or Kingwood.
People Want to Be in Hollywood - Daily News Article - GlobeSt.comRobert Leveen
Kelsi Maree Borland is a freelance writer living in Los Angeles. The article discusses the renaissance happening in the Hollywood submarket of LA. It notes major development projects transforming the area and attracting huge employers and residents. Robert Leveen, a principal at Lee & Associates, comments that Hollywood is experiencing rising rents and falling vacancies as the market benefits from being a global entertainment and tourist destination. People want to live and work in Hollywood.
This document lists 13 reasons for optimism in Rochester, NY in 2013. Some of the key points of optimism are: 1) Rochester's downtown population is growing and stemming losses; 2) Sibley building has new owners committed to revitalization; 3) A deal was reached to rebuild the Midtown Tower; and 4) Home sales, prices, and job growth are rising while unemployment is falling in the Rochester region.
Globe St - New Co-Working Firm Enters DCTed Skirbunt
The Yard, a New York-based co-working firm, signed a lease for 31,500 square feet in Washington D.C. at 700 Penn, a 150,000 square foot office building being developed near Eastern Market. The building is scheduled to deliver in summer 2017. The Yard's new D.C. location will be its first outside of New York and Philadelphia. The neighborhood was well-suited to The Yard's clientele according to the brokers, being urban, walkable, and near residential and commercial areas.
Similar to Amid Long Island City Boom, Retail Growth Lags (20)
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
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BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
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Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
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1. 22 December 5, 2018
Amid Long Island City
Boom, Retail Growth LagsMany are hopeful that the arrivals of Amazon and Bloomingdale’s will jump-start development in
the community. By David Moin
L
ong Island City has been a
hotbed of luxury residential
development and a mecca for
Millennials looking to live close
to Manhattan.
So why haven’t retailers taken the bait?
“The streetscape is fairly empty. It’s really
a residential neighborhood with very little
retail,” observed Norman Roberts, vice
president, managing creative director,
FRCH Design Worldwide, who has lived in
Long Island City for more than six years.
“Retail always lags. It doesn’t want to
come in before the people get here,” said
David A. Brause, chairman of the Long
Island City Business Improvement District
and president of Brause Realty.
Silvercup Studios was formerly the
Silvercup bread factory.
Chipotle, Starbucks and The Sandwich
King were about the most exciting retail
entries in the past year, and Shake Shack is
said to be eyeing the neighborhood. Big-box
retailers like Target Corp. and T.J. Maxx,
which are expanding around town, have
left Long Island City out of the footprint,
leaving denizens of the area little option
but to venture to Williamsburg, the Queens
Mall in Woodside or Manhattan for their
wardrobing needs and Christmas gifts.
That may all be about to change thanks
to Amazon.
Retailers and brands are likely to
begin looking at Long Island City for
store sites due to Amazon’s plan to
build a headquarters for 25,000 high-
paid workers, as well as Macy’s and
Bloomingdale’s relocating hundreds of jobs
from Manhattan in 2020.
Amazon is considered a game-
changer for New York. The Seattle-based
e-commerce giant intends to build an 8
million-square-foot campus with a heliport
for Jeff Bezos, the company’s founder,
chairman and chief executive officer, on
the waterfront at Anable Basin, a section
of Long Island City with docks and
warehouses situated east of the southern
tip of Roosevelt Island. Construction is
expected to start in 2020 and finish around
2029. In the meantime, Amazon workers
will be phased into the 53-story Citigroup
Center at One Court Square in Long Island
City, being vacated by the bank in 2020.
“Everybody wants Long Island City to
be the next Brooklyn. I am predicting it’s
going to be more like Chelsea,” said Faith
Hope Consolo, chairman of The Retail
Group of Douglas Elliman Real Estate.
“In Chelsea, Google became a siren for
other tech firms to move there. Facebook
and Spotify did follow,” said Consolo.
“Amazon is sure to have a similar effect on
Long Island City. The area will have to adapt
to accommodate incoming employees that
will live, work and play there.
“Food, fitness, fashion and wellness
— this is what Long Island City needs.
The challenge is that there aren’t any
continuous retail corridors in Long
Island City. There’s been no fabric to the
neighborhood.”
According to data from the Long Island
City Partnership, the community has about
265,000 square feet of retail, which is less
than 1.5 square feet per capita. Long Island
City has a population of roughly 250,000.
There have been 17,000 apartment
units added to the area in the last 10 years,
and another 10,000 will come online
over the next three years, according to
Brause of the Long Island City Business
Improvement District.
While residential rent rates have reached
parity with Manhattan, retail rents remain
inexpensive, according to Consolo, at $75
to $100 a square foot. “It’s still affordable
for retailers.”
Consolo senses a demand in the
neighborhood for better groceries,
pharmacies, children’s shops, private
schools and day care. “Maybe Amazon
brings in Whole Foods,” which it owns.
“Maybe you get a Dylan’s Candy Bar,”
Consolo said. “Retailers are like sheep.
They follow each other.”
Don’t expect a wave of fashion stores,
though. Retail and real estate experts see
food, pharmacy and convenience stores
taking space first.
Several factors put limits on brick-and-
mortar growth.
First, in many cases, new residential
high-rises on or near Jackson Avenue, the
biggest thoroughfare in the community,
lack enough square footage, basement and
i c s c
PhotographsbyMarkLennihan/AP/REX/Shutterstock
The Pepsi-Cola sign in
Long Island City.
MoMA PS1 is near the
site for a proposed
Amazon headquarters.
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2. 24 December 5, 2018
storage space to support significant retail.
Next, Vernon Boulevard, the second
largest thoroughfare running parallel to
the waterfront, as Consolo observed, has
a predominance of small lots occupied
by shops only nine or 10 feet wide and in
older walk-up buildings.
In addition, it’s hard to find a spot to
park, due to restrictions on the streets.
There’s also the continuing question of
just how much of an appetite Millennials,
the demographic moving to Long Island
City in significant numbers, have for brick-
and-mortar shopping.
“My guess is that more and more
retail will be food and beverage with
a sprinkling of pharmacies, banks and
nail salons, just the basics like a CVS,”
Roberts said. “If you look at most of the
residential towers, ground floors are
vacant and just starting to fill up with a
handful of coffee shops and quick-service
food. In my building, there’s a virtual
restaurant for delivery only. When I
moved in, I started using FreshDirect. We
still do.
“This is an underserved neighborhood
that has learned to do without,” Roberts
added. “It’s so connected to Manhattan
and Brooklyn, you can easily get to those
places where there is shopping already or
you can have things delivered.”
“There is a deficiency of retail,” agreed
Nancy Slavin, real estate agent for Douglas
Elliman. “That will change — absolutely.”
Slavin, a former senior marketing
executive with Macy’s Inc., is working with
Bloomingdale’s Inc. to assist executives
and others interested in moving to Long
Island City, where the department store
is relocating offices from the east side of
Manhattan.
Aside from bringing in thousands of jobs
to the community, Amazon is expected to
bring billions of dollars in tax revenue to
the city, and also add congestion. It’s also
seen as an excuse for landlords to raise
rents and condo prices.
“It’s not cheaper to live in Long Island
City anymore, but you are getting brand
spanking-new buildings with rooftop
decks, outdoor gardens, common areas
with media rooms where you can meet
people and entertain, state-of-the-art gyms
with yoga studios and Pelotons, all topped
off with spectacular views of New York
City,” said Slavin.
According to Slavin, on average studios
rent for $2,500 a month, one bedrooms
around $3,100, and two bedrooms,
$4,000. Condos start at $700,000 for
a studio; one bedrooms, $900,000;
two bedrooms, $1.3 million, and three
bedrooms, $2 million.
Long Island City, on the western tip
of Queens, is bordered by Astoria to the
north, the East River to the west; the
New Calvary Cemetery to the east, and
Greenpoint to the south.
Aside from modern dwellings, the
most attractive features of Long Island
City are its proximity to Manhattan,
views of the skyline and Macy’s Fourth of
July fireworks, MoMA PS1, the Noguchi
Museum, Gantry Plaza State Park along
the waterfront, the two ferry outposts,
Silvercup Studios, Rockaway Brewing Co.
and several subway options.
There’s also the giant red Pepsi-Cola
sign, a vestige of the former bottling plant
there and a reminder of how industry
once dominated Long Island City. Among
the other manufacturing departures over
the decades: Sunshine Biscuits, Ronzoni
and Brewster Carriages. Jet Blue, the Estée
Lauder Cos. Inc., Uber, Lyft, Ralph Lauren
Corp., Steve Madden and Metropolitan Life
maintain operations in the community.
Few people are aware that Long Island City
was a bona fide city from 1870 until 1898,
when it became part of New York City.
An early sign that Long Island City was
ripe for development was in 1989, when
the Citigroup Building opened. When
built, it stood out like a sore thumb on
the Queens terrain, like a refugee from
Manhattan. Years later, apartment high
rises and hotels started springing up.
According to The Real Deal real estate
magazine, Long Island City has been the
most popular neighborhood in the outer
boroughs for hotels, with 45 projects
planned since 2010.
Much of the residential and retail
development occurs on or near Jackson
Boulevard. At 28-01 Jackson Avenue,
near the elevated subway, the 1.1 million-
square-foot JACX mixed-use project by
Tishman Speyer is going up. It’s where
Bloomingdale’s and Macy’s office workers
will relocate.
Aside from the dearth of retail,
there’s little landscaping. The density of
residential high-rises, ongoing construction
and dingy warehouses remaining from the
industrial era give a gritty Gotham feeling
to the area.
To compensate, new buildings bring
the outdoors into their confines. The
Forge, for example, a year-old, 272-unit
luxury residential rental property owned
by Brause Realty, has a courtyard and
sculpture garden, a fitness center, an
outdoor pool, an outdoor movie theater
with a lawn and a grill for barbecuing, a
green roof, a rooftop lounge, a sun room
and is LEED-certified (pending Silver) as a
green building.
The Forge reflects efforts by builders to
retain the neighborhood’s historic industrial
character, said Brause, pointing to the use
of historic materials and copper panels, as
well as high ceilings, at The Forge.
The JACX has a similar approach. Its two
26-floor office-tower anchors will be linked
by a landscaped quad where office workers
will be able to socialize, dine or work.
Long Island City offers modern
apartments with many amenities.
Further capturing that “authentic feel”
is a variety of independent businesses in
the neighborhood, such as Book Culture,
M. Wells Steakhouse and Levante, the
pizza-centric Italian restaurant.
In its Nov. 13 press release revealing
the deal to move into the community,
Amazon promised that New York and Long
Island City will benefit from more than
25,000 full-time high-paying jobs along
with $2.5 billion in corporate investment
for waterfront development, training for
jobs and participating in job fairs. Amazon
estimated it would generate incremental
tax revenue of more than $10 billion over
the next 20 years.
Still, many residents and community
leaders are opposed to Amazon coming
to Long Island City. They have argued
that it was not right for the city and
state to provide $3.5 billion to facilitate
Amazon’s move into the city, considering
the wealth of the company, which on
occasion has been valued at more than
$1 trillion. Opponents have also argued
that the government subsidies would be
better spent on improving the city’s roads,
schools and subways.
“Amazon brings in families, a big
workforce and they have a culture. They
take their dogs to work,” said Consolo.
“Amazon will create a different type of
[retail] demand.”
Amazon represents “a transformational
shift in how people are going to view Long
Island City and New York City,” Brause
said. “There will be a very large ripple
effect” on communities in other parts of
the city.
“A lot of the developments in Long
Island City will accommodate new retail
and restaurants,” said Slavin. “Many
people want to see what happened in
Williamsburg happen here.” ■
Retail Snapshot
Vernon BoulevarD
¬ Dai Hachi sushi bar and restaurant
¬ Sweet Chick fried chicken and waffles
¬ Bellwether restaurant
¬ Sushi Daizen omakase-style sushi
¬ Vernon Blvd. Pharmacy
¬ Bareburger
¬ Vernon Grille
¬ Spokesman Cycles
¬ Nature’s Prescriptions
¬ Bricktown Bagels Cafe
JACKSON AVENUE
¬ Toby’s Estate gourmet coffee shop
¬ Mu Ramen for Japanese noodles
and appetizers
¬ Book Culture LIC
¬ Slovak Czech Varieties for food,
gifts, books and other categories
¬ LIC Pilates
¬ City Owlets play space for kids
¬ Hibino LIC for Japanese food
¬ Starbucks
¬ PilatesWorks
Retail list provided by Douglas Elliman
A former dock
facility at Gantry
State Park in Long
Island City.
Silvercup Studios was
formerly the Silvercup
bread factory.
SilvercupphotographbyMarkLennihan/AP/REX/Shutterstock;LongIslandCitybyBebetoMatthews/AP/REX/Shutterstock