Results tagged “silvercupwest”

Long Island City may be losing MetLife, but now it seems like media conglomerate Viacom is considering a move to LIC. The Sun has a very interesting article about how the a move east would help reduce Viacom's cost (and improve its bottomline) if its various occupancy costs went down:

The company currently leases 1.4 million square feet (or 78%) of the space in the building run by S.L. Green (which, incidentally, is also bullish on Long Island City) at 1515 Broadway, the former headquarters of W.T. Grant. Insiders say they believe the executive and corporate offices would remain in Manhattan, at rents of about $80 a square foot when its lease is renewed in 2008.

Continue reading "Viacom May Move to Long Island City"

New York Magazine decides to look at the city in the year 2016 in terms of architecture and real estate development - and how that'll impact New Yorkers. It's a great look at how drastically the city could change in ten years, which is all overwhelming, exciting, and kind of scary, because for every rendering of glassy buildings, what does that mean for the neighborhoods? Are they plans for more affordable housing to meet up with the luxury condos and pleasure palaces? At any rate, it's all interesting to see how the post-September 11 and Bloomberg administration have suddenly encouraged all this planning buzz.

- Out has such a good interview with Project Runway's Tim Gunn - and there will be a part two later!

Forget for glitzy Brooklyn development for the moment: Silvercup Studios, home of the Sopranos (and former home of Sex and the City), has announced a $1 billion plan to expand the Long Island City waterfront. Quick, buy now! AM New York on the project:

The three-building project, to be called Silvercup West, will include eight soundstages, along with 1,000 apartments, a catering hall, museum, and office and retail space. The plans also call for redevelopment of the waterfront area of the 6-acre site, which will be transformed into a public esplanade.

The towers will be 49 to 57 stories (418 to 588 feet) - and can you imagine the midtown Manhattan views? The plan is far from approved, as the announcement marked the beginning of a public review, but Silvercup hopes that construction would be completed by 2009. Part of what will make it attractive to the city will be the the thousands of construction and permanent jobs that "Silvercup West" would create. So, what would you pick - a new Brooklyn or a new Long Island City? The thing that has stopped Queens from truly being "the next Brooklyn" (at least for younger NYers) is its less ideal downtown access, though the views can be more spectacular.