Getty Petroleum, one of the companies held responsible for polluting the Newtown Creek waterway, agreed yesterday to fork over $16,000,000 for its cleanup. Getty, who filed for bankruptcy in 2011, is one among many who dumped around 30,000,000 gallons of toxic waste in the creek over the years. The EPA declared Newtown Creek a Superfund site in 2010, which, as the New York Daily News says, “compels companies responsible for polluting the site to pay to clean it up.” The $16M sum is the result of an agreement between Getty and the federal government as part of the company’s bankruptcy process.

According to Gothamist, Getty admitted to hazardous dumping way back in 2005. (The problem of illegal dumping in the creek is far from over, and continues to this day.) Here’s a statement on this recent settlement by Manhattan U.S. Attorney Preet Bharara: “Today’s settlement ensures that Getty takes responsibility for its contribution to that sad legacy, and pays a fair share of clean-up costs at the site. This Office is committed to holding those who contaminate our nation’s lands and waterways accountable for their actions, and bankruptcy is not a free pass for polluters.”

Getty Petroleum Agrees to Pay $16M to Clean Newtown Creek [NY Daily News]
Newtown Creek Gets $16 Million From A Company That Helped Ruin It [Gothamist]
All Newtown Creek coverage [Q'Stoner]

Photo by Mitch Waxman

10/22/14 3:00pm


The demolition saga goes on at the former 5Pointz warehouse. The Court Square Blog spotted scaffolding up around the buildings on Jackson Avenue, which means those structures are soon to go. Demolition began in the rear and the middle of the site — work mostly wrapped there earlier this month. It looks like the actual warehouse and the Jackson Avenue buildings will fall next.

Demolition is expected to wrap this month. Then work should promptly start on erecting two 47- and 41-story apartments towers, with a total of 1,000 units.

Scaffolding up on Jackson Avenue Side of Former 5Pointz Building [Court Square Blog]
All 5Pointz coverage [Q'Stoner]

Photo by the Court Square Blog

10/21/14 3:00pm


Developers GDC Properties just snatched up the warehouse at 11-22 45th Road, between 11th and 21st Streets, for the impressive sum of $37,000,000. It’s a one-story, 33,660-square-foot warehouse that is not long for this world. The Real Deal spotted an approved DOB application for demolition here, but so far no hints as to what the factory will be replaced with. According to TRD, there’s as much as 114,000 buildable square feet.

GDC Properties is based in Westchester, but converted this Dumbo factory into a rental a few years back.

Development Site Sells for $37M in Latest Long Island City Deal [TRD] GMAP

Photo via Google Maps

10/17/14 9:00am


If you ever doubted the massive amount of demand in the Long Island City real estate market, this will put an end to that. The three-unit, luxury boutique condo FIVE Forty One, located at 5-41 47the Road, is almost sold out. Unit 2A and 2B only lasted one day on the market and sold at full ask. No. 2A, a three bed/three bath with 1,616 square feet and a 472-square-foot outdoor space, was asking $1,770,000. No. 2B, a three-bedroom, 1,596-square-foot triplex, asked $1,800,000. (2B includes an outdoor space as well.) We hear that upon launching in August, there was quite a bit of demand, as well as curious locals.

Yesterday, the final unit of the development hit the market. It’s No. 1A, a 2,040-square-foot three bedroom with 1,100 square feet of outdoor space. (The listing’s right here.) The price tag is a big one: $2,500,000. Can’t wait to see if it also sells at ask…

All 5-41 47th Road coverage [Q'Stoner]

10/16/14 2:00pm


Earlier today, local pols (that’s Council Member Van Bramer pictured above) joined Planned Parenthood of New York City to break ground on the organization’s first health care facility in the borough. The $9,000,000 facility is expected to serve nearly 18,000 additional patients every year. Up until now, Planned Parenthood operated facilities in every borough but Queens, which has the highest rate of uninsured women and girls of all five boroughs. And nearly 5,400 of the organization’s 50,000 NYC patients currently live here, according to this New York Times article.

The new location is located at 21-41 45th Road, right in the heart of Court Square. It should open sometime next year. Once open, the facility will offer contraception, breast cancer screenings and educational programs, with plans to team up with the Queens Public Library and other community organizations.

Photo via Jimmy Van Bramer’s Twitter

Screen Shot 2014-10-14 at 12.10.32 PM

Today, according to the Daily News, the city kicks off the lottery for affordable units at Hunters Point South. Nearly 50,000 NYC residents are expected to enter the lottery for 924 apartments. Applications can be submitted through the NYC Housing Connect website. The Hunters Point South website is also filled with lots of goodies, including rental prices, application instructions and a mailing list. (Thanks to We Heart Astoria for directing us there.) As you can see above, apartments are designated for both low and moderate income households. Prices under the moderate income bracket range from $1,561 to $4,346 for a studio to three bedroom; prices under the low income bracket range from $494 to $959. As We Heart Astoria says, “We have to say — the numbers in the moderate income table seem kind of high.” We agree, although those prices are significantly lower than the median price for an LIC studio this September, at $2,293.

We couldn’t find the actual income restrictions — for affordable NYC housing, you need to make a certain amount of money to be considered for certain types of apartments, and usually the bracket is quite limited. Community Board Two residents (Sunnyside, Woodside and LIC) will be given priority over other applicants on 50 percent of these units. Applicants have 60 days to submit applications; they will know if they’ve been picked for an affordable unit by early next year. UPDATE: See all the income restrictions broken down after the jump.

Long-Awaited Lottery to Begin for Two Towers of Affordable Hunter’s Point South [NY Daily News]
Hunters Point South Rental Listings Are Now Available [WHA]
All Hunters Point South coverage [Q'Stoner]


10/14/14 9:00am


After launching this spring, the 14-story, 197-unit rental at 45-50 Pearson Street — also known as Pearson Court Square — is totally spoken for. The final rental prices are high: studios went for $2,600 a month, one bedrooms for $4,300 and a two-bedroom penthouse rented at $5,800. As brokerage firm Douglas Elliman said in a press releases, “These impressive numbers set new benchmarks for the market.” Here’s more from Cliff Finn, Executive Vice President of Douglas Elliman Development Marketing: “The short amount of time it took to complete leasing for the residences at The Pearson is indicative of the strength of the market in Long Island City. Additionally, the success can be attributed to the unique offering of a boutique residential development that sets it apart from the many larger residential developments in the area which may not offer the same intimate style of living.”

The apartments are decked out with wide plank oak flooring, double-pane windows and washer/dryer units. Some units came with private terraces. (Check out interior photos here.) The amenities package is impressive, with a 24-hour attended lobby, a roof deck with lounges and barbecue grills, landscaped terraces, a gym, yoga studio, outdoor basketball court, bicycle storage, indoor parking and on-site rental cars. The Pearson Court Square developers even installed three massive wind turbines on the building’s roof.

All Pearson Court Square coverage [Q'Stoner] GMAP

10/10/14 1:00pm


About two months ago, The Secret Theatre had to  launch an Indiegogo campaign to defray unforeseen NYC Department of Buildings fines and pay for required building upgrades. Well, the Long Island City-based arts organization exceeded its $10,000 fundraising goal, and it’s currently presenting more of its characteristically unique programming, including a camp, a short play competition, and a dance festival. More info on the jump page.


10/09/14 3:00pm


Jeremiah’s Vanishing New York took a visit to 5Pointz, where the demolition of the rear section is now complete. Work began on that portion this August. The actual warehouse, which is of course whitewashed, looks totally gutted but it’s still standing. Developer Jerry Wolkoff said that he expects the whole complex to be demolished by this month. He previously stated, “Once demolition starts we will continue all the way through to 2016… until the job is complete.” The warehouse will be replaced by two 47- and 41-story towers, with a total of 1,000 apartment units.

5Pointz Falling [Vanishing New York]
All 5Pointz coverage [Q'Stoner]