The Two Largest Asset Classes Discussed: What Will 2017 Bring?
Kevin Hayes — Pendulum Property Partners
Richard Douglass — Trumark Homes
Behind only Brooklyn, Long Island City has been one of the city’s most dramatic revitalizations, going from a wasteland of warehouses and factories to a city of cranes following Mayor Bloomberg’s 2001 rezoning. While the panelists of Bisnow’s Long Island City State of the Market—which will be held at 22-15 43rd Ave on Oct. 27—say the bustling neighborhood has all the elements of a Brooklyn-style success story, it still needs certain asset classes before it’s a juggernaut in its own right.
Herrick partner Mitchell Korbey (pictured) marvels at LIC’s residential and office development in the last few years, but still thinks the neighborhood remains in its formative stages,