New York's Cooperative and Condominium Community



Will the company’s surprise pullout turn the brief boom into a bust?

Company walks away from $3 billion in incentives to build in Queens.

Amazon's arrival has already led to a record condo sale.

A Queens Co-op Cries for Property Tax Reform

Written by Shelley Cohen on August 21, 2018

Long Island City, Queens

Affordable Citylights faces a crippling tax bill as assessments soar.

“I think we have short-term memory,” says one broker.

Affordable Citylights co-op caught in a double bind.

Co-op and condo boards need a protective policy right now.

Five of the nation’s ten neighborhoods with the most new apartments are in New York City.

It doesn’t exactly trip off the tongue, but at least it will be very tall – the tallest building in all of Queens.

Court Square City View Tower, 79 stories with 774 apartments and 20,000 square feet of retail space, will rise 964 feet into the skies above Long Island City, making it the borough’s tallest building by about 50 feet.

The plans were filed last Saturday, the same day a developer filed plans to turn a nearby taxi garage into an 11-story condo building, the Real Deal reports. Court Square City View Tower is being developed by the Flushing-based developer Chris Xu, who, along with his brother George Xu, paid Citigroup $143 million for the property at 23-15 44th Drive.

The tower is being designed by the architectural firm of Goldstein, Hill & West.

Adam America filed plans over the weekend to replace a gritty Long Island City taxi garage with a glittery 11-story, 175-unit condo building with nearly 5,000 square feet of ground-floor retail space. It’s the third major development on an industrial block near Court Square and MoMA PS1.

The plans for the 170,000-square-foot building at 22-12 Jackson Avenue – on a piece of land that fetched $43.5 million last summer – include a pool on the first floor, a gym and children’s playroom, and storage space for 91 bicycles, the Real Deal reports. 

Isaac & Stern Architects is designing the building, which will also include a rooftop “recreation area.”

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