Long Island City Mixed-Use Market Analysis Study
TF Cornerstone, L&L Mag, and Simon Baron Development
A consortium of developers (TF Cornerstone, L&L Mag and Simon Baron Development) seeks to transform 28 acres of low-rise waterfront site into a mixed-use district with innovative programming that boosts local economic development. The project, located in Long Island City, Queens, is intended to support growing industries and a range of uses. The client team hired Karp Strategies to conduct a comprehensive market analysis, evaluate related public policy, and assess public financing options as the project vision develops. The firm will assess site feasibility, and consider best practices, expected community needs, and viability for job-generating uses via a market analysis. Ultimately, Karp Strategies will ascertain the market and a recommended path forward for the client team. Karp Strategies will deliver findings in a highly visual report that clearly communicates the potential development opportunity as determined by market demand and trends.