http://www.outerb.com/dutch-kills-hotel-land.html#utm_source=feed&utm_medium=feed&utm_campaign=feed Real estate in Queens, New York, with love of all outer boroughs Fri, 12 Mar 2010 01:31:50 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.outerb.com/dutch-kills-hotel-land.html/comment-page-1#comment-21037 Josh Wed, 15 Apr 2009 04:18:41 +0000 http://www.outerb.com/?p=810#comment-21037 I have lived in Dutch Kills (by 27th St and 39th ave) for 8 years and there are no amenities. I'm in complete agreement! There is one all-night bodega by the train that overcharges for everything and 3 other bodegas nearby that all close around 8-9pm (depending on when they feel like it, really). There is the Zante diner at the end of the street. End of story! No coffee shop, no supermarket, no cafe, no wine shop, no bar. All of these things are not far away (equivalent of 3-4 city blocks), but the 39th avenue stop arond which they are building all the hotels is a dead zone. I am hoping the hotels bring in tourists and bars and some nightlife (not too much, but some), but I don't think it's going to happen. The strong Euro/Dollar parity that was driving the 2004-2008 tourism glut has reverted a bit with the dollar's rise. The dollar will fall against the Euro to some extend over the following year as we inflate our currency supply but the Eurozone will try to keep the Euro weak against the dollar to encourage exports. Even so, europeans are in bad shape and probably won't be vacationing at all, regardless of whether they can get a slightly better deal in the U.S. The result is that Manhattan hotels will drop in price and the market will stabilize. The LIC hotels will be converted to cheap condos and maybe that will help the neighborhood (such as it is) but maybe it won't. I have lived in Dutch Kills (by 27th St and 39th ave) for 8 years and there are no amenities. I’m in complete agreement! There is one all-night bodega by the train that overcharges for everything and 3 other bodegas nearby that all close around 8-9pm (depending on when they feel like it, really). There is the Zante diner at the end of the street. End of story! No coffee shop, no supermarket, no cafe, no wine shop, no bar. All of these things are not far away (equivalent of 3-4 city blocks), but the 39th avenue stop arond which they are building all the hotels is a dead zone. I am hoping the hotels bring in tourists and bars and some nightlife (not too much, but some), but I don’t think it’s going to happen. The strong Euro/Dollar parity that was driving the 2004-2008 tourism glut has reverted a bit with the dollar’s rise. The dollar will fall against the Euro to some extend over the following year as we inflate our currency supply but the Eurozone will try to keep the Euro weak against the dollar to encourage exports. Even so, europeans are in bad shape and probably won’t be vacationing at all, regardless of whether they can get a slightly better deal in the U.S. The result is that Manhattan hotels will drop in price and the market will stabilize. The LIC hotels will be converted to cheap condos and maybe that will help the neighborhood (such as it is) but maybe it won’t.

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