NEW YORK CITY—A major mixed-use development in the Astoria section of Queens—which brings with it the promises of affordable housing and waterfront access—took a giant step forward on Monday. The project, known as Astoria Cove, was certified by the City Planning Commission, allowing the seven-month, comprehensive ULURP process to get started.
Slated to offer 1700 apartments, including 295 affordable units, the sprawling 8.5-acre complex also will offer a supermarket and other retail stores, as well as 900 parking spaces. GlobeSt.com was unable to ascertain the price of the development at press time.
Situated along the Astoria waterfront, Astoria Cove will provide the community both with necessary apartments and amenities as well as those that promise to enhance the area, according to Howard Weiss, attorney for the project's creator, 2030 Astoria Developers, and chair of the land use group at the law firm of Davidoff Hutcher & Citron, which is of counsel on the project.
“This will provide much needed housing, a public school with 450 seats, as well as a magnificent waterfront park and esplanade,” he tells GlobeSt.com. “So it's going to connect the existing Astoria neighborhood to the waterfront for recreation and local retail will come in, including a supermarket that's desperately needed.
“It's a substantial renovation of this barren site,” Weiss asserts, “and it's going to revitalize the Astoria community.” Once construction starts, which is estimated to be in about two years, full build-out is expected to happen in phases over 10 years.
The property is adjacent to the Halletts Point section of Queens, where another development is in the planning stages. Created by Lincoln Equities Group, that plan calls for a $1 billion redevelopment of the area to create 1,921 market-rate apartments and 483 affordable units for senior citizens the plan also calls for 65,000 square feet of retail space, which could include a 30,000-square-foot supermarket.
Lincoln Equities also would construct several new buildings and a school on current housing authority land as part of the development. Construction could start this year.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
