Special offer

Development Could Bridge Long Island City, Roosevelt Island

By
Real Estate Broker/Owner with JAD Realty Group, LLC.

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[Photo via Seth Werkheiser/Flickr]

 

Bruce Teitelbaum, former chief of staff to Rudy Giuliani, has plans for the Long Island City site that the neighbors call Lake Vernon. Teitelbaum and a group of investors are likely to apply for a rezoning,Politico New York reports, in order to build a multimillion-square-foot mixed-use development at 44-02 Vernon Boulevard that would include a pedestrian bridge between Long Island City and Roosevelt Island, "envisioned as something akin to the High Line" (though, really, what isn't?). The bridge would connect to the under-development Cornell Tech campus on Roosevelt Island.

Politico reports that the current ownership of the site is hazy: the owner according to public records is Vernon Realty Holding, L.L.C., but an affiliate of the Durst Organization reportedly bought the note for $32 million after the property went into foreclosure, later making a stalled attempt to develop a large-scale project there.

Posted by

Jeffrey Ditri 

Broker/Owner

610.781.8417

NYC Residential Rentals & Sales

JAD Realty Group

jadrealtygroup.com

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Good mornng Jeffrey,,this hsould be a tremendous advantage of those in this area..

Aug 21, 2015 01:00 AM
Jeffrey Ditri
JAD Realty Group, LLC. - Manhattan, NY
New York City Residential Rental Specialist

I agree Ronald. The community has been anticipating this for years.

Aug 21, 2015 01:02 AM