On April 1st, leaders from the Real Estate community met to discuss Hot Markets in NYC. Justin Elghanayan, Vice President of Rockrose Development Corp., Jared Kushner, President of Kushner Companies and Michael Phillips, Chief Operating Officer of Jamestown Properties offered their insights into how the Meatpacking District, Williamsburg, Brooklyn, and Long Island City are still hot markets for developments. The culture in the first two neighborhoods is rich with restaurants and retail that make them vibrant, while there is still room to grown in Long Island City.
Neighborhoods to keep your eyes on are Midtown West to the Hudson Yards and Sunset Park in Brooklyn. Michael Phillips also thought Murray Hill has potential for growth.
At In-Site, we’re happy to be part of the development in both Long Island City, with our designs for 27 on 27th and in Williamsburg with 544 Union Avenue, two recently completed developments! Our design for the Lounge at 568 Union Ave also adds excitement to the building.