Page 4 - Rockrose Development News Today

Linc LIC and Jackson Park (RockRose, Tishman Speyer) For years, Long Island City has been experiencing rapid growth: New residential high-rises were built left and right, with thousands of residential units slated for delivery by 2020. Amazon took notice, choosing the Queens neighborhood for the site of its proposed second North American headquarters in 2020. But a lot can change in a couple of years. Amazon scrapped its plans to move to Long Island City, and then coronavirus hit, leading rente...

Share via Shortlink Clockwise from left: Scott Stringer, Eric Adams, Shaun Donovan and Ray McGuire (Getty/Photo illustration by Kevin Rebong for The Real Deal) More than a year ago, the New York Post, citing unnamed sources, reported that Comptroller Scott Stringer would join a growing list of mayoral candidates rejecting campaign contributions from the real estate industry. That wasn’t quite true, it turns out: Landlords, brokers and other real estate players gave $10,560 to the city...

The 10 biggest new building applications filed in December 2020 include four proposals for Long Island City and two in Coney Island.

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450 West 31st Street, New York, NY 10001 Phone: 212-260-1332 We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it Privacy & Cookies Policy Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities o...

Share via Shortlink From top: 355 Exterior Street in the Bronx, 55-15 Grand Avenue in Queens and 700 Atlantic Avenue in Brooklyn (Google Maps) Planning a new development project in New York City is not for the faint of heart, but some builders remained undeterred in 2020 — even in the face of the Covid-19 pandemic, as well as rising anti-development sentiment. This year saw the defeat of the Industry City rezoning, which would have transformed Sunset Park, as well as the Olnick Organi...

Rockrose is run by the father and son team of Henry and Justin Elghanayan, and its other residential properties in Long Island City include Linc LIC at 43-10 Crescent St. and Hayden at 43-25 Hunter St. The company also purchased 27-34 Jackson Ave. for $26 million in February, shortly before the pandemic upended the city’s real estate market. Although the pandemic has hit New York apartments hard across the board, Long Island City has been feeling its impact especially strongly. Rents are dro...