When it comes to massive residential projects in Queens, Long Island City has a fairly solid monopoly on the largest buildings. But as Astoria sees its own wave of new developments, it too is set to sprout an enormously scaled apartment project. The site, at 30-80 12th Street, will have 711 units and be designed by HAAK Architects.
Images come from EB-5 materials, which indicate the site’s total cost will be $315,600,000. Criterion Group is developing, and 18% of the project’s funding will come from EB-5, amounting to $57.5 million.
The 711 apartments will break down between 565 market-rate and 146 affordable units, and the site is going to be developed in a configuration with two buildings, though complete images of the layouts are not yet available. Whether the market-rate portion includes any condominiums remains to be seen, but with renderings leaving PTACs out of the equation, they would seemingly not be impossible.
With gross area totaling 483,000 square feet, the average apartment will also be around 680 square feet in size, which contradicts the lack of PTACs and would most definitely portend rentals.
Otherwise, the project’s appearance is ordinarily contemporary. Astoria’s typical new developments are of a relatively modest size, so while the design is definitely a departure compared to the surrounds, the scope is what will substantially change the neighborhood dynamic. But with ample nearby transit and major infill also set to occur along the waterfront at Durst’s Hallet’s Point (also securing EB-5 funding), Astoria is primed to benefit as well, as 30-80 12th Street shows.
While the EB-5 materials provide a thorough background into the financing, the information on the neighborhood’s founding is shown alongside a collage of Titanic imagery associated with John Jacob Astor IV, whose great-grandfather the neighborhood is named after. Any connection is evidently refuted by a disclaimer that “The origin of the Asturian name is not known to the real story of the Titanic” (Mandarin to English translation), but nevertheless the collateral certainly makes an attempt at creativity.
30-80 12th Street’s Titanic-themed collateral, perhaps indicative of the city’s impending rental glut
Completion is about two and a half years away, set for the end of 2019 or early 2020.
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Hello..YIMBY..beautiful enough for your reveal if beautiful not enough you won’t be shown on the main source of development news, and I beg you allowed to talk about Titanic movie because I impressed so much on her story with tragedy of loved between severely accident in the ocean. Selfish from someone and sacrificed from someone it’s real life for me, 30-80 12th Street calls us let’s look on cool facade with thick frames and wide windows.
How to apply for the housing in Astoria
Very good add, I would love to participate for the housing program how can I apply? Thank you
I am also interested in applying for Astoria housing. Will these be rentals or are there ownership options as well?
Please advise when the Rental Application Forms for Apartments will be available. I am definitely interested in applying.
Thank you.