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Renovation and Expansion Progressing at 45-18 Court Square in Long Island City, Queens

Work is moving along at 45-18 Court Square in Long Island CityQueens, where a former industrial building is being restored and receiving a six-story addition with multiple wings. Designed by Perkins + Will and developed by King Street Properties, Newmark Knight Frank, and GFP Real Estate, the property will provide space for a life science facility called Innolabs. All sections of the expansion appear to now be topped out.

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Brooklyn Navy Yard Overview, rendering courtesy the Brooklyn Navy Yard Development Corporation

Brooklyn Navy Yard Development Corporation Secures A Wave of New Leases in Former Industrial Complex

Despite the anticipated slowdown of commercial real estate, Brooklyn Navy Yard Development Corporation, or BDNYC, is reporting more than 160,000 square feet of new commercial leases within the former industrial complex. This figure does not include an additional 81,000 square feet of lease renewals and an unspecified inventory in their 2021 pipeline.

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$2 Billion Flushing Waterfront District Development Gets Green Light

Last week, the New York City Council approved a Flushing waterfront development set to cost $2 billion. The massive mixed-use project, which includes housing, commercial retail and office space, and hotel lodging, is being developed by a joint partnership between United Construction & Development Group, F&T Group, and Young Nian Group. The master plan, designed by Hill West Architects, will develop 29 acres of land bound by Flushing Creek, Northern Boulevard, College Point Boulevard, and Roosevelt Avenue, as well as upgrade the neighborhood’s public waterfront access.

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