November 7, 2018
Real Estate Weekly’s article, “Amazon to Long Island City report raises excitement, concerns,” discusses the impact of Amazon potentially opening a new headquarters (HQ2) in Long Island City (LIC). Ross Yustein, Kleinberg Kaplan’s Real Estate Chair notes, “For the New York metro area, there are numerous positive impacts, including a few billion dollars in construction spending, a significant number of relatively good-paying jobs … and the further solidification of NYC as ‘Silicon Alley,’ a hub for the high-tech industry.”
Despite LIC’s unprecedented economic and population growth in the last decade, others fear how Amazon will affect issues such as affordable housing, public transportation, and vehicle traffic.
To see the full article, please click here.