Friday, 22 February 2019

Developers are poised to pump the brakes as LIC’s “Amazon effect” vanishes

When Amazon announced plans to bring 25,000 jobs to a new campus in Long Island City, real estate players jumped on the transformative potential of the move. The e-commerce behemoth inspired visions of a more cohesive neighborhood that would lure more businesses and developers. Retail would flourish, as shops and restaurants filled the area, and other tenants would chase office space near the campus. Those hopes were soon dashed as Amazon nixed its Queens plan […]



source https://therealdeal.com/2019/02/22/developers-are-poised-to-pump-the-brakes-as-lics-amazon-effect-vanishes/

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