Property owners ABS Management & Development and Babad Management are now placing on the market the 3.7-acre vacant development site at 39-08 Janet Place (a.k.a 131-35 Roosevelt Avenue), in Downtown Flushing. The Real Deal reports the site currently offers 870,000 square feet of development rights. A five-tower, 450-unit mixed-use project was approved by the city before the 2008 financial crisis. It was going to be built by LEV Development Group and was designed by Ismael Leyva Architect, but it never got off the ground. Today, the plot is subject to the proposed Flushing West Rezoning, and, if established, would be located within the rezoning’s special waterfront district. That means a future development may require the construction of a waterfront promenade along Flushing Creek (although we don’t know if the rezoning means that the site would get more development rights). The site doesn’t have an asking price, although brokers expect the site to generate more than $120 million.
Sal D’amico Construction Inc. has filed applications for a seven-story, 22-unit residential building at 36-08 28th Avenue, in the heart of Astoria, located six blocks from the 30th Avenue stop on the N/Q trains. The new building will encompass 21,451 square feet and its residential units should average 679 square feet apiece, indicative of rental apartments. Amenities will include recreational space on the ground floor and 13 vehicular parking spaces. Great Neck-based Frank Petruso is the architect of record. The 50-foot-wide assemblage at 36-08 – 36-10 28th Avenue is currently occupied by two attached, two-story houses. Demolition permits have not yet been filed.
Charlotte, N.C.-based SunCap Property Group has filed applications for a two-story, 362,474-square-foot commercial warehouse at 46-06 57th Avenue, in the western industrialized section of Maspeth known as Haberman. The enormous building will stand 60 feet in height and will have a lobby, offices, a distribution area, and storage space on the ground floor. The second floor will contain a parking garage with 225 parking spaces. It’s not known who will operate in the warehouse, but the property owner currently operates a FedEx Ground distribution center at 29-01 Borden Avenue, in Long Island City. The new building is being designed by Long Island-based Baldassano Architecture. The 513,221-square-foot swath of land is currently vacant.
Property owner Stelios Banagos, head of Bay Restoration Corp. but doing business as an anonymous LLC, has filed applications for six small mixed-use buildings at 106-02 – 106-14 Astoria Boulevard, located between 106th and 107th Streets, in East Elmhurst. The buildings will stand three stories in height and will contain two residential units each, although size of the buildings will vary between 4,500 and 6,700 square feet apiece. The residential and commercial square-footage figures for each building are not entirely clear, although it appears across the entire development 6,227 square feet of ground-floor retail space and 12,379 square feet of residential space is planned. That means full-floor residential units will average 1,032 square feet apiece. Midtown-based Node Engineering & Consulting is the applicant of record. Three existing wood-framed houses must first be demolished. Demolition permits are currently on file.
RJ Capital Holdings is planning to develop a five-story, 100,000-square-foot multi-use commercial building at the right triangle-shaped block at 98-81 Queens Boulevard, in Rego Park, located four blocks from the 67th Avenue stop on the M/R trains. Commercial Observer has revealed a rendering of the project, which has not yet been filed with the Department of Buildings. The project will feature a mix of commercial uses, including medical office space and ground-floor retail. There will also be an underground parking garage. Multiple low-rise buildings will have to be demolished first, including the Ohr Natan Synagogue, whose lease expires in February of 2017, and commercial buildings at 98-69 and 98-83 Queens Boulevard and 66-02 99th Street. The developer acquired the assemblage in 2013 for $9 million.