Tag Archives: Davidoff Hutcher & Citron

Astoria Cove developers pay $43.5 million for remaining land


| lguerre@queenscourier.com

Rendering courtesy of STUDIO V Architecture

Astoria Cove developers recently finalized the sale for the final bits of the land designated for the mega project, although they have yet to win any steps in the project’s land use case.

In the transaction, 2030 Astoria Developers LLC, the group behind the 2.2-million-square-foot project, bought four lots from Superior Steel Studs Inc. for $40.02 million, according to city records filed on Monday. The lots’ addresses are 8-51, 8-01, 4-55 and 4-57 26th Ave.

An additional lot on 4-34 26th Avenue was bought for $3.48 million from Rayan Realty Corp., according to city records.

The developers now own all properties associated with the project, according to Howard Weiss of Davidoff Hutcher & Citron, which represents the team of developers led by Queens-based Alma Realty.

However, the project still has to clear its Uniform Land Use Review Procedure (ULURP) case. The City Planning Commission plans to hold a meeting on Sept. 29 about its decision on the proposal. Weiss said they are confident they’ll receive the commission’s blessing.

“I believe the City Planning Commission will approve the project as proposed with respect to the affordable housing and with respect to all the [aspects] of the Astoria Cove project,” Weiss said. “The reason why I feel confident is because the Astoria Cove project is consistent with the mayor’s housing plan.”

But most opponents of the development are hoping to see a change in the affordable housing part of the proposal.

Various coalition members and residents testified against the development in a City Planning Commission public hearing in August, calling for the project to include at least 50 percent affordable housing, while developers are proposing 345 units or 20 percent of the 1,723 dwellings.

In their recommendations to deny the project, both Community Board 1 and Borough President Melinda Katz also suggested that the developers increase the units for affordable housing.

Astoria Cove is expected to consist of five buildings, three on the waterfront ranging from 26 to 32 stories and two on the upland portion of the site, including a six-story residential building.

The project, which is anticipated to take more than 10 years to complete in four different phases, will also include about 84,000 square feet of publicly accessible open space.

Following the commission’s decision, the proposal will go to the City Council.

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City Planning holds public hearing on Astoria Cove


| lguerre@queenscourier.com

Rendering courtesy of STUDIO V Architecture

More affordable housing in the Astoria Cove project was once again front and center with critics, this time at a City Planning public hearing on the project.

Members of coalitions and residents testified on Wednesday that the 2.2 million-square-foot project should include at least 50 percent affordable housing, while developers are proposing just 345 units or 20 percent of the 1,723 dwellings.

“Soon they will take over the whole place and they will chase us out. Twenty percent of affordable housing is not enough for Queens,” a representative of New York Communities for Change testified at the meeting in Manhattan.

Jaron Benjamin, the executive director of the Metropolitan Council on Housing, said it would hurt progress to cure the city’s housing crisis.

“If Astoria Cove becomes just another glitzy playground for the wealthy elite, it will be a huge step backward — the opposite of progress,” he said.

Howard Weiss of the law firm Davidoff Hutcher & Citron, which represents developers Alma Realty, defended the project, calling it “the crown jewel in the reclamation of the Queens waterfront.”

In their recommendations to deny the project, both Community Board 1 and Borough President Melinda Katz suggested that the developers increase the units for affordable housing.

The City Planning Commission queried about the breakdown of the mix of housing in the plan, but it could not be provided yet.

“In looking at this project over a 10-year phasing plan, one has to keep in mind that market conditions can change,” Weiss said. “At present, it’s really too early to determine what mix will be.”

The commission also asked about main concerns the community and Katz had, including building the new elementary school in an earlier phase, and transportation options.

Prior to the public hearing, Weiss said developers are making public transportation commitments to ease community traffic concerns for the incoming residents in the area, which Katz called “insufficient” in terms of transportation options.

The plans include adding a shuttle bus to and from nearby subway stations, and there will be a spot for a ferry terminal, in case the city decides to add ferry service to the area.

Astoria Cove is expected to consist of five buildings, three on the waterfront ranging from 26 to 32 stories and two on the upland portion of the site, including a six-story residential building.

The project, which is expected to take more than 10 years to complete in four different phases, will also include about 84,000 square feet of publicly accessible open space.

At the public hearing, residents and union members from 32BJ SEIU asked that local jobs be set aside for local workers.

The City Planning Commission will issue its recommendations after its 60-day review. The proposal will then go to the City Council for a vote.

Councilman Costa Constantinides said he may not support it.

“Both Community Board 1 and Borough President Katz have voted against the Astoria Cove development with recommendations,” he said. “If the development is not integrated into our neighborhood in a way that benefits the community, I will be unable to support it.”

 

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