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Real estate roundup: $750M College Point Police Academy delayed again, Meadow Lake to get cleanup

Police academy
Rendering courtesy of the NYPD

New $750 million NYPD Police Academy in Queens faces another setback with defective gym floor

“Cadets attending the NYPD’s new multimillion-dollar Police Academy in Queens may be asked to participate in a new physical fitness regimen — ripping out the broken gym floor.

“A state-of-the-art polyurethane floor recently installed in the soon-to-be opened $750 million NYPD training ground in College Point has already began to warp and buckle and will need to be torn out and replaced — possibly delaying the facility’s opening, police officials confirmed Friday.” Read more [The New York Daily News]

Long neglected, lakes and ponds in city parks will get some attention

“It is the largest lake in New York City, a historic salt marsh that was flooded when Flushing Meadows-Corona Park was fashioned from a former ash dump to host the 1939 World’s Fair.

“But while years of effort and millions of dollars have gone toward cleaning up the city’s major waterways, like the Hudson and Bronx Rivers, city officials and parks advocates have paid less attention to Meadow Lake and the four dozen other lakes and ponds scattered across the parkland.” Read more [The New York Times]

5 factors that could impact Chinese property investment in NYC

“As Chinese property developers and investors look to generate bigger profits by looking beyond their local markets, questions have arisen about what’s actually driving the influx of cash – and what could slow the flow.” Read more [The Real Deal]