Developers propose new five-block residential neighborhood near Kaufman Studios in Astoria – Queens Daily Eagle
By David Brand
A network of New York City developers and business leaders has released plans for a $ 2 billion residential and commercial project along a five-block stretch of southeast Astoria.
The project, known as âInnovation QNSâ, would run from 37th Street to Northern Boulevard / 43rd Street between 35th and 36th Avenues, a commercial district teeming with small businesses and warehouses.
The proposal includes 2,700 mixed-income housing units, 200,000 square feet of retail space and an additional 250,000 square feet of space reserved for “the city’s creative industries and other small businesses,” according to developers Silverstein Properties and BedRock Real Estate Partners. The project would include 700 affordable housing units – at 60 percent of the region’s median income, Reported patch – and two acres of open space, while expanding the neighboring Kaufman Astoria neighborhood. Kaufman Astoria Studios is a third member of the consortium.
“By working with our partners and our community, which is teeming with vibrant cultural institutions, rapidly growing creative industries and diverse hard-working neighbors, we can continue to mature, ensuring the sustainability of what has been created.” , said the president of Kaufman Astoria Studios. and CEO Hal Rosenbluth, President and CEO of Kaufman Astoria Studios.