The planned Silvercup Studios $1B development project, Queensboro Br, LIC

Interesting article this morning about stalled development projects. The reasons vary - seems hard to just blame everything on the credit crunch, but it’s definitely more of a trend now compared to a few years ago. Here’s the news about LIC:

…it has also been confirmed that the practice’s 185,000m2 Silvercup Studio complex on the Long Island City Waterfront is on hold. The $1 billion (£500 million) mixed-use development, which won approval in mid-2006, has stalled due to issues over protracted land sales and the delayed removal of power plants from the site.”

Meanwhile CUNY’s going forward with the dorm:

“The development at 5-11 47th Ave. would have 400 total residential units, half of which would be for public rent and the other half will be divided between 188 graduate units and 12 faculty housing units at street level. It would also include a 6,000-square-foot office for the QCA and an open courtyard for art displays.

CB 2 Chairman Joe Conley said the board approved the plan with some stipulations. CUNY, for example, has agreed to never sell the property, he said. Conley said the board also asked for 20 percent of the non-student residential units to be offered as affordable housing, though he was not sure if the developer would agree.”

• Silvercup Studios development project on hold [Daily News]

• CB 2 OKs divisive plan to build 13-story tower [Times Ledger]

• ConEd has a $100 for western Queens blackout victims [Daily News]

• Flux Factory in Flux [Artnet]

• Crime Report for 114th Precinct - LIC [Times Ledger]

Hello, liQcity readers. We are back from a brief hiatus in posting, to bring you this interesting article detailing the City publicly asking ConEd to sell off it’s LIC waterfront property and reduce electric rates for all. Controversial request, for sure.

ConEd Training Center, Vernon Blvd, Long Island City

“Con Edison should sell off its pricey waterfront property” »