In 2014, three decades after investing in the Queens City Lights cooperative apartment building, World Wide Group returned to the neighborhood by breaking ground on the construction of QLIC, a 421 residential rental property in Long Island City. Just seven minutes from Midtown Manhattan at the nexus of 8 subway lines, Long Island City is one of the fastest growing destination neighborhoods in New York City. It offers great value for renters seeking a highly amenitized community that is easily accessible to key business districts, as well as the upcoming Cornell Tech campus on Roosevelt Island.
Designed by Perkins Eastman, QLIC has a “fun factor” built into its DNA. Amenities that respond to the youthful vibrancy of the area include a rooftop terrace with an outdoor swimming pool and barbecue grills, a private landscaped courtyard, a fitness center, and innovatively designed communal lounge spaces. As it has done in other evolving neighborhoods, World Wide Group has built a retail component into the development plan to offer high-value conveniences to residents and the surrounding community.
Type: Residential rental
Acquisition Date: 2012
Anticipated Completion Date: 2015
Number of Units: 421
Retail Square Footage: 8,700