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Photo by Charles Yu/LICP
LICP President Elizabeth Lusskin speaking at the Sept. 28 event

Long Island City has seen faster and fuller economic growth than previously imaginable, and the LIC Partnership (LICP) is eager to spread the word that there is room for more.

Business owners, retailers and developers gathered at M. Wells Steakhouse at 43-15 Crescent Street to wine, dine and learn more about LIC’s booming economy and retail space opportunities — with a focus on the area between Queens Plaza and Court Square — at the LICP hosted event.

“There’s a tremendous amount of development happening,” said Elizabeth Lusskin, LICP President. “We’ve been working with the developers and the retailers and the brokers in the area and we’ve really found that they have come together to want to try and create an exciting retail environment here to serve all those people coming in— not just sort of cookie-cutter — but to really look for interesting retailers. And they’re willing to construct creative deals with those retailers so that they can create a really great community and build on the existing community.”

The numbers back Lusskin’s claims. Since 2006, 253,000 square foot of retail development has been constructed and an estimated 395,000 more is in planning or construction phases. Additionally, approximately 24,500 residential units are in the works, adding a projected 75,000 people to LIC over the next five years.

“The amount of square footage that is going on be coming on line for retail in the new term is just enormous,” Lusskin said. “And for every new business that’s come now, 10 or 20 more could come in the future.”

For more about the area’s retail listings, neighborhood news or local events visit LICP’s website or contact them at 718-786-5300.

LICP is the neighborhood development organization for Long Island City, advocating for economic development that benefits the area’s industrial, commercial, tech, cultural, tourism and residential sectors.

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