The City Council approved Wednesday a Housing Preservation and Development Department grant for a 40-year property tax exemption that will allow the construction of a fully affordable 101-unit planned project in Edgemere.
The project, called Beach Green North, will be located on vacant land at 45-05 Rockaway Beach Blvd.,and will be 100 percent affordable thanks in part to the tax break. It is being co-developed by Bluestone Organization in conjunction with L+M Development Partners and Triangle Equities.
The planned seven-story building, will have more than 93,000 square feet of living space and about 500 square feet for commercial space, according to filings with the Buildings Department. There will also be a total of 35 parking spaces in the building, which was designed by Curtis + Ginsberg Architects and GDSNY.
Half of the building’s units will be for families making 60 percent or less of the area median income, according to reports. Developers are hoping to break ground on the project in the summer.
Beach Green North will be built with the use of bio-swales and pervious asphalt to maximize storm water retention, which will help prevent sewer system overflows. The building will also make use of energy-saving features and amenities to enhance resiliency against big storms, such as the Sandy which devastated the Rockaways.
Councilman Donovan Richards was pleased with those features of the project in addition to its affordability.
“This plot of land has been left desolate for decades, but it will now feature housing that offers greater comfort for occupants and an enhanced level of survivability in case another catastrophic storm hits the peninsula again in the future,” Richards said. “This is a great victory for a community of working class New Yorkers and as further developments come to fruition, I will continue to fight to ensure that the Rockaways remain a place for working families to live, work and thrive.”
The project will be the first development on vacant Edgemere beachfront property.