Replace BQE with what makes NYC great
Who says it’s hard to find development sites in New York City? Some opportunities are hiding in plain sight, such as the office conversions and replacements unlocked by tax break 467m and rezoning. But old offices are not the only thing that could be swapped out for housing and other development. Old highways are another candidate. Consider the Brooklyn-Queens Expressway. Replacing it with avenues and light rail from the Verrazzano Bridge to LaGuardia Airport sounds fantastic but is not as crazy as it seems. As a real estate play, it makes sense. Property values along the route would soar, generating […]
This article originally appeared on The Real Deal. Click here to read the full story.
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