Site sale could mark start of LIC land rush.The first major sale of an inland development site in Long Island City since the area's rezoning, has prospectors asking whether the neighborhood could become the next Williamsburg. An Eastern Consolidated brokerage team consisting of Alan Miller Alan Miller is a pioneering and influential figure in the video game industry. He was an early game designer and programmer for Atari 2600 games who went on to found two large video game developers and publishers. , Jeffrey Troy, Louis Ricci and Stuart Gross sold the large residential development site comprising a one-story warehouse and vacant lot at 45-56 Pearson Street, just two blocks from Citigroup Tower The nearly 30,000 s/f plot was sold to one of the firm's investment clients for $9,737,500. "What makes the deal significant," notes Miller, "is that it represents the first major inland development site sold since the area's zoning was changed from manufacturing to residential nearly two years ago. Up until now, all of the development activity in Long Island City has been concentrated along the Queens West waterfront." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Troy, the property, located off Jackson Avenue between Davis Street Davis Street is the name of several streets:
Long Island City, already envisioned as the site of the Olympic Village Frequently, an Olympic Village is built within an Olympic Park or elsewhere in a host city. Olympic Villages are built to house all participating athletes, as well as officials, trainers, etc. The idea of the Olympic Village comes from Pierre de Coubertin. should New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of win the 2012 Olympic Games Olympic games, premier athletic meeting of ancient Greece, and, in modern times, series of international sports contests. The Olympics of Ancient Greece Although records cannot verify games earlier than 776 B.C. , is ripe for new residential development, according to Mr. Ricci. "It's close to Manhattan, easily accessible by mass transit, and the price of real estate is still reasonable," he said. Mr. Gross agreed that Long Island City's time may be at hand. "Right now, Williamsburg is the borough's hottest neighborhood, but prices there are skyrocketing. Long Island City could be the next affordable option for home buyers," he added. |
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