CoStar Impact Award: Multifamily Development of the Year
March 27, 2024
CoStar's Impact Awards highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels of industry professionals who work in the markets they judge.
Dumbo Market to open location in mixed-use Long Island City project
March 27, 2024
A massive mixed-use project coming to Long Island City will include an upscale grocery store on its ground floor.
Dumbo Market Joins Jasper, a Mixed-Use Development In Long Island City
March 27, 2024
The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group today announced that Dumbo Market, a premier grocery store, has signed a lease for approximately 13,500 SF of retail space at Jasper, a $370 million mixed-use development in Long Island City. Brokered by Igloo, Dumbo Market will open its new location in early 2025, coinciding with the completion of Jasper’s residential space. The market is moving from its site across the street and into Jasper, joining two existing locations in Brooklyn and one coming soon in Hoboken, New Jersey.
Massive Long Island City project signs grocery chain
March 25, 2024
A large development in Long Island City has found its retail anchor tenant. Grocery chain Dumbo Market signed a lease for 13,500 square feet at Jasper, a $370 million mixed-use project at 2-33 50th Avenue in the Queens neighborhood. The lease was announced by the joint venture behind the development, which includes Vorea Group, Domain Companies, L+M Development Partners (through its affordable housing affiliate) and Bridge Investment Group.
Extensive Construction in Gowanus Forecasts a Very Different Neighborhood Ahead
March 25, 2024
Change is coming quickly to Gowanus, and a stroll down Nevins Street reveals the extent of the transformation. Gowanus, an industrial and low-lying neighborhood, has been undergoing a sudden and sweeping transformation over the past year and a half. Swathes of low slung 19th and early 20th century brick industrial buildings have been demolished. In their place, ubiquitous on many blocks, are active construction sites ringed by green construction fences. Walls are starting to rise on a handful of developments, and at least two sets of towers and a nine-story apartment building have topped out.
Grocer Dumbo Market to Open First Queens Location at Long Island City Development
March 25, 2024
Brooklyn-based grocery chain Dumbo Market will open its first location in Queens at the base of a residential building early next year.
Dumbo Market signed a 15-year lease for 13,500 square feet on the ground floor of Jasper, a 550,000-square-foot residential development being built at 2-33 50th Avenue in the Hunters Point neighborhood of Long Island City, according to the developers.
Dumbo Market signed a 15-year lease for 13,500 square feet on the ground floor of Jasper, a 550,000-square-foot residential development being built at 2-33 50th Avenue in the Hunters Point neighborhood of Long Island City, according to the developers.
Dumbo Market to Move Long Island City location to Jasper development
March 25, 2024
Dumbo Market is looking to move into Jasper, a $370 million mixed-use development in Hunter's Point.
Dumbo Market Signs Lease at Jasper on Hunter’s Point Waterfront
March 25, 2024
Jasper, the big, mixed-use project rising on the Hunters Point waterfront, caught a big one for its retail portion. Dumbo Market, a gourmet food emporium that’s currently operating as Urban Market in a building across the street, signed a lease for a 13,500 square-foot store on Jasper’s ground floor. To be run by the same team as Urban’s, which the Dumbo Market will replace, it will open in twice as much space as its predecessor’s in early 2025 when the $370 million project’s rental apartments open.
A Couple Came For The Jazz and Stayed For The Better Apartment
March 18, 2024
After renting their first New York apartment sight unseen, they decided to take a new place in the South Bronx with eyes wide open. Altin Sencalar’s timing could hardly have been worse. “New York is the destination for jazz,” said Mr. Sencalar, a jazz trombonist. So a year and a half ago, he and his wife, Marina Sencalar, signed on — sight unseen — to an apartment in Washington Heights. Mr. Sencalar planned to perform and teach, as he had done in his native Texas. “The day I moved here was the day I got called to go on tour with Michael Bublé,” he said. For months the couple’s $2,350 three-bedroom apartment sat mostly unused, an expensive storage unit. Ms. Sencalar remained in Texas with her parents.