The changing landscape of Queens neighborhoods in New York is one of much anticipated ones. Long Island City is witnessing an increase in buildings at the neighborhood’s waterfront. The area is proposed for zoning amid an increased addition of new housing units in the city. Residents have their concerns regarding this real estate boom.
Highlights
- Long Island City added 1,859 new apartments last year, and more than 4.5 thousand are in the pipeline.
- The area is under a proposal for zoning changes for more growth, such as an expected addition of 14,000 more houses.
- Residents are concerned about the rising cost of living and the availability of other amenities.
Strategic Zoning and New Housing Units in Long Island City
The real estate industry in Long Island City is quite dynamic and has seen the highest addition of housing units in New York in 2024. The overall Queens neighborhood made it to third place on the list of neighborhoods to watch. In this ongoing wave of development, Long Island City added the highest number of new houses in the whole of NYC.
1,859 new condos and apartments were added last year, and 4,569 units are already in the pipeline. With these vast and astonishing numbers, the Mayor of the area, Eric Adams, is eyeing further development.
Adams has applied for zoning in Long Island City. Before this, zoning proposals were made for Midtown South, Jamaica, Atlantic Avenue, and two East Bronx neighborhoods. If the zoning proposal for LIC gets approved, the area will witness around 14,000 new homes as part of apartments and mixed-use buildings.
Residents’ Concerns Amid Further Push for Development
It might look very promising to witness such a massive development, but it comes at a cost of concerns. As per the neighborhood plan, more houses will be constructed at the waterfront as well as at Court Square. The warehouse lane of 44th Drive might also undergo development if rezoning happens.
The prospect of high-rise developments, including towers up to 69 stories, has sparked significant concerns among residents. They emphasize the need for improved infrastructure, such as enhanced sewer systems and additional schools, alongside new housing. Furthermore, there are chances of rising living costs and affordability; for instance, current rents for two-bedroom apartments average $6,000 per month, with selling prices around $1.4 million.
Developers are urged to prioritize affordability by allocating a portion of new units for low-income residents. Additionally, professionals in LIC express concerns about the potential redevelopment of existing homes into higher-end units, questioning how such transitions will be managed amidst financial challenges. While development is essential, it must be inclusive and considerate of all community members.
