Queens State of the Market 2018 | Bisnow | 15 May 2018 |
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| Event Date | Tue May 15 EDT (over 6 years ago) |
| Region | Americas |
Details
The Queens borough is home to more than 2.3 million people and one of the most ethnically diverse urban populations in the world.
It's no wonder it is a hotbed for multifamily development. NYC Mayor Bill de Blasio upped his ante by raising his goal of creating and preserving affordable housing in the city from 200,000 to 300,000 units by 2026. In response, plenty of developers are breaking ground in affordable housing projects in Queens.
But, other sectors are beginning to get dialed up. Queens' industrial market continues to become increasingly important as NYC looks to solve its last mile logistics problems. Many developers are willing to pay top dollar for industrial space with Queens' proximity to the Manhattan. Office and Retail seem to be hanging in limbo in neighborhoods throughout Queens. "The people really need to come...[retailers] need the bodies, they really need the residents and more of an office presence," said Metropolitan Realty Associates CEO Joseph Farkas said at Bisnow's Long Island City State of the Market event. The question is how long will it take?
What You'll Learn?
1) What are the hottest developments in Queens and what neighborhoods are seeing the most investment?
2) How can Queens rebrand to become a more desirable market?
3) How can developers and landlords compete as thousands of new rental units hit the market?
4) What headwinds should Queens investors be aware of?
5) How are developers creating convenient and sustainable retail spaces?
6) Who are the biggest commercial tenants set to influence the market?
Speakers
2018 SPEAKERS:
Helena Rose Durst
Principal, The Durst Organization
David Schwartz
Principal, Slate Property Group
Eric Benaim
CEO, ModernSpaces
Michael Feldman
Co-Founder/Senior Managing Partner, Choice NY Management
Seth Pinsky
EVP, Metro Emerging Markets & Public Affairs Director, Fund Manager, RXR
Gavin Evans
Partner, Normandy Real Estate Partners
Fred Leffel
President, Kaufman New Ventures
Hope Knight
President & CEO, Greater Jamaica Development Corporation
MODERATOR
Marion Jones
Managing Director, Ackman-Ziff
John Schmuck
Partner, Margolin, Winer & Evens LLP
Sponsors & Partners
2018 Sponsors:
• ModernSpaces
• Choice New York
• MWE LLP
• Meridian Capital