Quote:
Originally Posted by Aeran
as development accelerates!
https://qns.com/story/2019/09/24/roc...t-accelerates/
The Rockaway Peninsula is poised to be the borough’s next real estate development boom following the growth of Long Island City and Flushing in recent years.
In addition to seven projects bringing more than 2,000 affordable units as part of the $139 million Downtown Far Rockaway revitalization project, numerous other plans are in the works to the west.
A massive new development, Edgemere Commons, promises to revitalize the site of the former Peninsula Hospital with 2,200 units of mixed-income housing, a supermarket, retail and community space and hundreds of jobs to what is currently a vacant lot.
“The Rockaways is a small community and people who live there love it,” Caller said. “We are very happy to help write a new story for the area.”
An area that is expected to grow increasingly popular.
“As the Rockaways continues to add more services and activities that are available all year, people are naturally gravitating towards the relaxed waterfront environment,” said Maxine Resnick, a broker representing One Sixteen. “For city dwellers looking for a convenient beachside escape, Rockaway Park is an increasingly popular alternative to more distant shores such as the Hamptons, which is a much longer commuting distance.” |
Opinion:
History shows that the Rockaways was once home to the wealthy since the 1800's.
It was an oasis of sunshine, beaches,wildlife pointing outward towards the Atlantic Ocean.
Beautiful mansions were built. Massive hotels, Expansive amusement parks. An incredibly
beautiful place so far removed from the honking horns and concrete of city life. Truly heaven.
This all changed; after one, after another devastating storms destroyed the spirit of investment.
Washed away and burned to the ground went mansions,hotels,parks and the beachcombers.
Big money finally gave up and left back in the early 1900's. The land lay dormant and over the
years created opportunity for New York City to build low income housing and city projects.
If you look at the Rockaways from google maps you will see it resembles a pencil. Using 116st
as an imaginary line split down the middle of this pencil wealthy and higher income earners reside
to the left ,lower income and impoverished to the right and middle class dead smack in the middle.
I simply refer to the Rockaways as The Irish Riviera, the Boardwalk and the Projects. The building
of real estate in the Rockaways is not a resurgence. Developers are running out of spaces to build
in New York and scramble for whatever cheap land is available to make a quick buck. So they now
choose to build this new development in the immediate vicinity of high crime,low income and city
housing projects. Gentrification does have a way of changing a neighborhood for the better but there
is no proof that it reduces crime in housing projects. Good luck to all you pioneer investors and would
be home owners. The Rockaways is a beautiful,fragile and fearful place to call home whether it be
the devastating storms that frequent or its high crime. Wishing all the best.......
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