one court square

Long Island City, New Developments

long island city one court square

Image via LICtalk.com

Long Island City‘s most recognizable tenant is about to sell a prime piece of property in the heart of the neighborhood. According to the New York Times, the financial giant is putting up a one-acre development site, bound by 44th Road, 23rd Street and 44th Drive in Court Square, and it could fetch up to $150 million. Court Square’s proximity to Manhattan and plentiful transit has made the enclave one of Queens’ most sought-after areas for residential development. Mayor de Blasio is all for the sale and has plans of his own to rezone LIC to spur even more construction.

Find out more here