Poll

Are you happy that the Sterling bank site was sold?

Yes
11 (40.7%)
No
9 (33.3%)
Don’t care
7 (25.9%)

Total Members Voted: 27

Author Topic: Sterling Bank property sold and will be demolished  (Read 3674 times)

Offline JK resident

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Re: Sterling Bank property sold and will be demolished
« Reply #15 on: July 27, 2018, 07:01:42 AM »
I guess based on LIC standards we will soon see a glimmering tower like the one below. This area of 73rd and 74th Street is ripe for development of such towers. Hotels are allowed as a right under current zoning.

https://licpost.com/renderings-show-another-massive-tower-proposed-for-queens-plaza-area

Offline deja

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Re: Sterling Bank property sold and will be demolished
« Reply #16 on: July 27, 2018, 10:49:12 AM »
I wish all of these developments were required to contribute to improving the area's infrastructure, especially transit.  It's going to be a bloodbath with the influx of more people.

Offline abcdefghijk

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Re: Sterling Bank property sold and will be demolished
« Reply #17 on: July 27, 2018, 11:03:02 AM »
Impossible to build as tall as LIC.  Flight path to LGA.

Offline jeanette

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Re: Sterling Bank property sold and will be demolished
« Reply #18 on: July 27, 2018, 11:40:43 AM »
I wish all of these developments were required to contribute to improving the area's infrastructure, especially transit. 

Now there's an idea!

Or even a requirement of government.

I'm not fussy.

Offline JK resident

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Re: Sterling Bank property sold and will be demolished
« Reply #19 on: July 28, 2018, 08:48:54 AM »
73 and 74th are not exactly on the flight path but even 15 or 20 floors would change the area. It is interesting that to note that the local government has recently prohibited hotels in LIC because they are not allowed in Manufacturing or Residential zones. So since this area in JH is zoned Commercial, developers looking to build hotels are coming to these streets. I heard that there are three hotels already in the works. This change in the zoning law pushed by our mayor means that JH will be overrun with hotels. Also note we have the bus nearby  to the LGA.

Offline JK resident

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Re: Sterling Bank property sold and will be demolished
« Reply #20 on: July 28, 2018, 11:21:16 AM »
Info on the change in the zoning law. The new Airbnb Law also will close thousands of apartments that are currently being used as illegal hotels.

http://commercialobserver.com/2018/04/some-hotel-owners-cheer-citys-plan-to-limit-hotel-development/

And map of CB 3 showing in blue where hotels are allowed

https://www1.nyc.gov/assets/planning/download/pdf/plans-studies/m1-hotel-text/qn03.pdf
« Last Edit: July 28, 2018, 11:33:26 AM by JK resident »

Offline Shelby2

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Re: Sterling Bank property sold and will be demolished
« Reply #21 on: July 28, 2018, 02:28:11 PM »
Info on the change in the zoning law. The new Airbnb Law also will close thousands of apartments that are currently being used as illegal hotels.

http://commercialobserver.com/2018/04/some-hotel-owners-cheer-citys-plan-to-limit-hotel-development/

And map of CB 3 showing in blue where hotels are allowed

https://www1.nyc.gov/assets/planning/download/pdf/plans-studies/m1-hotel-text/qn03.pdf

The areas that are marked blue are now allowed to have hotels built, where previously they were not allowed?

Offline Alfster

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Re: Sterling Bank property sold and will be demolished
« Reply #22 on: August 02, 2018, 04:23:21 PM »
Impossible to build as tall as LIC.  Flight path to LGA.

Hmm, I guess a huge tower there won't be a good idea after all.  Wah wah!   8)

Offline JK resident

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Re: Sterling Bank property sold and will be demolished
« Reply #23 on: August 03, 2018, 05:16:54 AM »
The area in blue is where hotels can now and after the new regulations take effect can be built “as a right”. The new regulations will close huge areas where there are new hotels just opening up (like in Ravenswood) to further hotel development. Since most of the land in East Elmhurst is already built with hotels, the only place I see that could see a hotel boom is Jackson Heights 72nd Street to 74th Street as shown on the map. The city has record tourists visiting (65 million a year) and the new Airbnb Law will drastically reduce illegal listings. As to height, the area can easy see 15 ( as being built on 72nd ) to twenty stories and is not at all on the flight path to LGA. Most people think that all of JH is closed to tall buildings but that is false.   

Offline abcdefghijk

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Re: Sterling Bank property sold and will be demolished
« Reply #24 on: August 03, 2018, 09:34:22 AM »
Walked through this area... and those blocks do have a feeling that they're about to be razed.


Offline JK resident

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Re: Sterling Bank property sold and will be demolished
« Reply #25 on: August 03, 2018, 04:11:37 PM »
The first to be razed will be the house on 73rd Street next to Sheila Terrace.

Offline JK resident

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Re: Sterling Bank property sold and will be demolished
« Reply #26 on: August 15, 2018, 08:43:43 PM »
More hotels coming to NYC

https://therealdeal.com/2018/08/14/the-nyc-hotel-construction-boom-is-back/

Very little land available where they can be built as a right.

Offline JK resident

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Re: Sterling Bank property sold and will be demolished
« Reply #27 on: August 16, 2018, 08:16:34 PM »
Just an update:

Today Sterling Bank was having a land survey done which is required prior to selling.
Looks like they are serious.

Offline JK resident

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Sterling Bank Sold
« Reply #28 on: January 03, 2019, 04:04:40 PM »
Heard that the Sterling bank on Broadway was sold for 14 million. The parking lot has been closed ever since. Here comes more construction.

Offline JK resident

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Re: Sterling Bank property sold and will be demolished
« Reply #29 on: January 06, 2019, 01:01:05 PM »
Apparently the bank site is too small as the new owner is trying to buy out the neighboring properties. It seems another mega tower is in the works. This will change the area forever.

Jackson Heights Life

Re: Sterling Bank property sold and will be demolished
« Reply #29 on: January 06, 2019, 01:01:05 PM »