NEW YORK CITY—A major mixed-use development in the Astoriasection of Queens—which brings with it the promises of affordablehousing and waterfront access—took a giant step forward on Monday.The project, known as Astoria Cove, was certified by the CityPlanning Commission, allowing the seven-month, comprehensive ULURPprocess to get started.
Slated to offer 1700 apartments, including 295 affordable units,the sprawling 8.5-acre complex also will offer a supermarket andother retail stores, as well as 900 parking spaces. GlobeSt.com wasunable to ascertain the price of the development at press time.
Situated along the Astoria waterfront, Astoria Cove will providethe community both with necessary apartments and amenities as wellas those that promise to enhance the area, according to HowardWeiss, 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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
