In 2004, the New York Times published an article called 'Outer Borough' Finally Attracts the 'In' Crowd. They were talking about Queens where, at the time, the average price per square foot for a co-op was a mere $250 to $400. We all know how this story goes. In consequent years, the average price for condos and co-ops in the borough has soared as quickly as its waterfront towers.
"The up-and-coming neighborhood clearly is Long Island City," the founder and president of Citi Habitats told the Times in 2004. "There is definitely a major housing shortage in the New York City area, and anything with close proximity to Manhattan via train or car is going to be very desirable." He wasn't wrong.
Long Island City is now the borough's nexus of new development. In the waterfront neighborhood, the average price per square foot now teeters around $1,264, according to StreetEasy. And that doesn't include its slightly more expensive sub-neighborhood to the west, Hunters Point, where those glassy towers spring up at a breakneck pace.
But it isn't only the major developments of Hunters Point that are transforming the neighborhood. Slightly more inland, along Jackson Avenue, new condos, rentals, hotels, and offices abound. The whole avenue, a short 13 blocks, almost looks like one big construction site. We visited the avenue to catch up on the status of all its new developments, from the rental towers rising on the erstwhile site of 5Pointz, to ODA's boxy new rentals, to sites waiting for their next life. Here's what we saw.
- All Renovation Week coverage [Curbed]