New York’s City Council has approved a $2B development in Queens that will produce 3,200 apartments, nearly half of which will be designated “permanently affordable.”

A trio of developers behind Innovation QNS in Astoria—Silverstein Properties, BedRock Real Estate Partners and Kaufman Astoria Studios—agreed to include a level of affordability that exceeds the city’s minimums for apartment units on rezoned land.

Jack Rogers


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