Another Astoria waterfront industrial site recently hit the market and could be sold to an investor looking to develop the property into a residential mixed-use structure, which has become a trend in the area.
The Department of Housing Preservation and Development released a list of vacant, city-owned properties for the construction of affordable housing across the five boroughs last week, including 17 sites in Jamaica, which are the only Queens locations.
The glassy, newly constructed 16-16 Whitestone Expwy. building boasts about 60,000 square feet for office space, half of which will be occupied by the owner, the International Union of Operating Engineers Local 30 Pension Trust Fund.
A native of Whitestone, Frank J. Monterisi, Jr. returned to his hometown to manage the Hunter’s Point South Living development in Long Island City, which will bring 925 permanently affordable apartments to the area. However, there were nearly 93,000 applicants for those units.