Real Estate

NYC’s Astoria $2B redevelopment plan has hope despite pushback

Prospects for Innovation QNS, the unimaginatively named however humanely conceived mixed-use complicated deliberate in Astoria aren’t useless but.

The event workforce of Silverstein Properties, Kaufman-Astoria Studios and Bedrock Actual Property want zoning modifications to proceed with the $2 billion challenge. It will convey new flats, shops, cafes, cultural amenities and a public park to 5 blocks of what’s now an under-utilized Astoria backwater.

Queens Brough President Donovan Richards rejected the plan final week, citing now all-too-common gripes that it might “drastically” change the neighborhood’s character, draw higher-income residents and thus drive out present residents.

Amongst different modifications, Richards needs Innovation QNS to make  50% of two,845 flats “reasonably priced” fairly than 25% because the builders provided.

However Richards has no official say on the rezoning, which have to be authorized or rejected by the Metropolis Council.

Sources stated that Council member Julie Received, who represents the district, has requested the builders to undertake Richards’ situations.

However there could be room for compromise. Richards praised lots of the plan’s different options, such because the open public house and neighborhood amenities. The builders beforehand scaled down a number of of 12 deliberate buildings amongst different modifications in response to neighborhood objections.

Donovan Richards
Queens Brough President Donovan Richards rejected the plan final week.
Stephen Yang

In the meantime, the Metropolis Planning Fee is more likely to bless the plan within the coming weeks.

The particular person lacking from the drama thus far is Mayor Eric Adams, who has opposed “gentrification” in too many different worthy proposals that went right down to defeat. Possibly this would be the one to vary his thoughts.

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