Buying a home in NYC is rarely easy for young people, especially when they’re looking for that coveted second bedroom. But this newly renovated co-op at 47-37 45th Street in Sunnyside might just be the diamond in the rough. Not only is the place a 15-minute subway ride from Midtown, but it has a small second bedroom/office (currently used as a nursery) and cool barn-style decor–all for the very reasonable price of $429,000.

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A rendering of One Court Square, where Amazon will temporarily move in 2019; via NYCEDC

City and state officials lured Amazon to open its new office complex in New York with an extensive pitch, complete with four suggested neighborhoods and the promise of prime real estate, according to documents released by the city’s economic development corporation on Monday. In exchange for 25,000 new jobs, Gov. Andrew Cuomo and Mayor Bill de Blasio are offering Amazon nearly $3 billion in incentives and grants. And while last month Amazon selected the Queens neighborhood of Long Island City as its new home, officials had proposed bringing Amazon’s campus to the Farley Building, 3 World Trade Center, Brooklyn Height’s Watchtower building, Bjarke Ingels’ The Spiral, and even Governors Island.

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Images (L to R): Renting Downtown: Top 10 Rental Buildings in Financial District + Battery Park City

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Rendering via Handel Architects

New renderings were released this week of the one million square foot development coming to the Long Island City’s Hunter’s Point South neighborhood. Designed by Handel Architects, the complex features two high-rise towers, retail, and community space. Notably, the project is expected to bring 1,100 new residential units, with 80 percent of them permanently affordable. The complex sits less than a mile from the planned office complex of Amazon, which chose the Queens neighborhood last month for its new home. As CityRealty reported, the two towers will rise 57 and 33 floors, with the taller of the two reaching 600 feet high, which would make it the tallest building on the waterfront.

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Designed by Philip Johnson for the 1964-65 World’s Fair to embody the architectural essence of Space Age futurism, the New York State Pavilion has been battered by the ensuing decades to the point of becoming valued as an “historic ruin.” As 6sqft previously reported, plans to restore the site have been progressing slowly even with new funding from the city. Now, Curbed reports, the iconic site in Flushing, Queens, will be getting a $16.5 million grant from FEMA for Hurricane Sandy-related repairs.

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Rendering of Plaxall’s proposed (but not approved) mixed-use LIC project courtesy of WXY architecture + urban design

A majority of New Yorkers approve of Amazon moving to Long Island City despite opposition from Queens activists and politicians, according to a Quinnipiac University poll released Wednesday. Fifty-seven percent of all respondents said they support the company’s plan to build a waterfront office complex in Queens, with 26 percent disproving. And approval among Queens residents is even higher, with 60 percent supporting the deal. But the poll did find a more divided opinion about the potential $3 billion in public incentives and grants offered to Amazon by the city and state, with 46 percent approving of the subsidies and 44 percent disproving.

More here

The first phase of Gov. Andrew Cuomo’s $8 billion overhaul of LaGuardia Aiport opened to the public this weekend, which includes a new concourse and 11 gates at Terminal B. Construction company Skanska on Wednesday released additional information about the project, detailing everything from its planned 1.3 million square footage to its use of 40,000 tons of steel. In total, the redevelopment of LGA’s Terminal B will cost $5.1 billion and bring 35 new gates and two new concourses.

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Images (L to R): Otto Greenpoint, Estuary, 181 Front Street, and Vernon Tower.

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SEE MORE RENTAL NEWS AND OFFERS HERE

Via CityRealty

Citing concerns about the closed-door deal that drove Amazon to choose Long Island City as home for its second headquarters, the New York City Council announced it will host three hearings to question both city leaders and company exeuctives. Council Speaker Corey Johnson said the first hearing will take place on Dec. 12 to look at how the deal happened, as the Wall Street Journal reported on Thursday. “One of the major perversions of this is that was all done behind closed doors, with nondisclosure agreements, and without the public or elected officials who weren’t including feeling like they had any say,” Johnson told the WSJ.

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