Permits have been pre-filed for a 23-story mixed-use building at 98-04 Queens Boulevard in Rego Park, Queens. The site is two blocks away from the 63rd Drive subway station, serviced by the E, M, and R trains. Avi Matatov of RB Realty Capital LLC is responsible for the development. Matatov purchased the site from the previous developers, Bahar Corporation, for $12 million in mid-January 2018. Previous plans had involved building a seven-story mixed-use building.
The 265-foot tall structure will yield 384,630 square feet, with 136,780 square feet dedicated to residential use, 24,960 square feet dedicated to ground floor retail, and 30,230 square feet dedicated to an unspecified community facility. A 411-car garage will occupy the rest of the space. 116 apartments will be created, averaging 1,180 square feet apiece, indicating condominiums.
SLCE Architects the architect of record. Their connection with the project is a good indicator for the quality of the future development.
The lot has already been cleared by Bahar Corp, meaning construction can start as soon as permits are approved.