A standing-room only crowd turned out yesterday for the Long Island City Partnership’s annual Real Estate Breakfast, exploring the latest developments and market trends in the fast-growing LIC real estate market.
“This annual event provided a venue for leading experts on Long Island City to share their knowledge about our diverse neighborhood,” said Elizabeth Lusskin, President of the Long Island City Partnership. “Consider it a significant preview to our major all-day LIC Summit on June 17th, when we will dive much more deeply into the current state and future landscape of Long Island City.”
More than 230 people attended the event, held at Con Edison’s Learning Center in Long Island City. Con Edison Director of Public Affairs Carol Conslato welcomed the crowd, and New York City Council Member Jimmy Van Bramer described Long Island City as “the single hottest place in the city of New York.”
“We have in many ways a model community, a model neighborhood,” the Council Member said.
Led by David Brause, President of Brause Realty Inc. and Chairman of the LIC Business Improvement District, a panel engaged in a lively and thought-provoking discussion about the neighborhood.
Arvind K. Bajaj, Managing Director, Madison Marquette, was bullish on the future of commercial real estate, while Cathy Dove, Vice President, Cornell NYC Tech, portrayed the positive benefits her project will have on Long Island City.
Rachel Loeb, Director of Development, World-Wide Group, described why Queens Plaza North continues to be a great place to develop, while Erhan Bahceci, Owner, Food Cellar & Co. Market, explained why seeking a second Long Island City location – and adding housewares – makes good business sense.
Amanda Fung, Senior News Producer, Crain’s New York Business and a Long Island City resident, offered her insight into the overall market, echoing the other panelists’ sentiments that while Long Island City is going strong, the tipping point to a full-service community has not yet been reached.