The New York City Council voted Tuesday, November 21 to approve Innovation QNS, a $2 billion mixed-use development that will bring 3,200 apartments to Astoria, Queens. The development team behind the property includes Kaufman Astoria Studios, Silverstein Properties, and BedRock Real Estate Partners, which was forced to price around 1,400 apartments, or nearly half of the planned units, below market rate.
Construction is complete on The Anable, an eight-story residential building at 10-64 Jackson Avenue in Long Island City, Queens. Designed by Zproekt and developed by BK Developers, the structure yields 22 homes in one- to three-bedroom layouts including duplexes spanning over 1,400 square feet, as well as ground-floor retail space. Modern Spaces in charge of leasing and marketing for the property, which is bound by Jackson Avenue to the north and 50th Avenue to the south.
The new public plaza at 550 Madison Avenue, a 37-story commercial skyscraper in Midtown East, is now open. Designed by Snøhetta, the landscape architect for the garden and the design architect for the tower repositioning, and developed by The Olayan Group and RXR Realty, the new privately owned public space (POPS) is enclosed with a 70-foot-tall steel-framed glass canopy and is part of a larger renovation of the Philip Johnson-designed postmodern landmark, along with a revamped lobby designed by Gensler. AECOM Tishman was the general contractor for the 21,000 square feet of renovations at the property, which is located between East 55th and 56th Streets.
This week New Empire Corp. announced a 150-unit condominium development in Flatbush, Brooklyn, following the acquisition of two neighboring lots at 757-767 Flatbush Avenue and 21 Lenox Road. Valued at $18 million, the assemblage comprises 37,793 square feet and is currently occupied by several low-rise retail properties.
Construction is wrapping up on The Axel, a 30-story mixed-use building at 550 Clinton Avenue on the border of Clinton Hill and Prospect Heights, Brooklyn. Designed by Morris Adjmi Architects and developed by Hope Street Capital, the 280,000-square-foot tower yields 284 apartments and 60,000 square feet of retail space in the multi-story podium. Triumph Property Group is managing leasing for the apartments and JLL is in charge of leasing the commercial space at the property, which is bound by Atlantic Avenue to the south, Clinton Avenue to the east, and Vanderbilt Avenue to the west.
