Video snippet of the Stoler Report: Long Island City Real Estate Forecast
Here’s a short clip of a very long Stoler Report about the development in Long Island City. Being interviewed are representatives from Cushman & Wakefield, Silvercup Studios, and Brause Realty. The full episode (16 minutes long) is available courtesy of a great new video-sharing site aimed at the real estate industry, Wellcomemat. Here’s a 3 minute snippet that addresses the climate of purchasing real estate in Long Island City, and the amenities situation. What was of most interest (personally speaking) is the part towards the end where they address the fact that there is no national brand presence in LIC. Now, I’m not very sad about that, but from their perspective (broker and developer) it’s only a matter of time, and it’s desired of course, to foster the draw of the neighborhood.
It would be great if we could get an ordinance in LIC banning national chains. How great would that make the neighborhood? Just independents or local chains. Mom and Pop’s!
#2 …and we elected Hugo Chavez to run our country. Give me a break.
I’d like a Dunkin Donuts.
A Dunkin Donuts would be nice and maybe a Subway or Quiznos but definitely not any of the other national chains.
We already have Quizno’s, obvs.
I wonder just how many people who had their hearts set on Manhattan will end up buying in LIC. If it is the case, then it would be great for LIC. Don’t know how many people are going to go for EastCoast at $1000 or $1100 /sq. ft.
National chains are just part of any established neighborhood. It’ll happen no matter what.
National chains are one reason nobody wants to live in Manhattan anymore. It looks just like any suburb anywhere. I don’t think Williamsburg would be a very popular place to live if it were full of Starbucks and McDonald’s. I understand the economic reasons for these companies moving in, but they take a lot more than they add to any neighborhood, filling up storefronts with focus-grouped mass-produced dullness and interiorly-lit signage. They make neighborhoods lamer.
nobody wants to live in manhattan, god, how stupid are you?!?
everyone wants to live in manhattan, that’s why it’s so expensive.
freaking midwestern commies. wash your hair and get all that bumble and bumble hair gel out of your brains. the 70s are over.
Manhattan = so over.
So many conservatives in this neighborhood too, it seems.
Manhattan is totally going down the drain. not the money drain, but the soul drain.
Get on board the Soul Drain.
People.. . People… Don’t worry about it… I bet every major chain is now carefully reviewing any expansion into NYC… With Bear Sterns ripped to shreds, and many other NYC employers downsizing, who the hell wants to take a chance now with less rich yuppies to fuel the local economy… oh right, the developers… I forgot.
F these guys and their McDonald’s. Seriously?