Jasper Wu is seeking to construct larger in Astoria, submitting plans for a brand new growth a number of blocks from the failed Innovation QNS megaproject.
Wu’s ZD Jasper Realty desires to rezone a 48,000-square-foot growth web site at 34-49 Steinway Road from industrial to mixed-use, based on an utility filed with town Planning Division. The rezoning would clear the best way for a 17-story, 214-unit constructing with a couple of quarter of the items designated as inexpensive below town’s Necessary Inclusionary Housing.
Wu’s proposed 171,000-square-foot constructing would come with 21,000 sq. toes of retail area and about 5,000 sq. toes of neighborhood area, based on the applying, which was first reported by PincusCo.
The developer’s web site refers back to the undertaking as a rental, which might probably be break up into a number of buildings with 99 items or fewer to dodge development wage necessities imposed by 485x.
Wu didn’t instantly reply to a request for remark.
ZD Jasper purchased the property in 2024 for $16.6 million from Robert Gans. The proposed rezoning sits within the shadow of Innovation QNS, a five-site, 3,200-unit undertaking proposed by Silverstein Properties, BedRock Actual Property Companions and Kaufman Astoria Studios.
However the staff of builders broke up after the November 2022 rezoning was authorized by the Metropolis Council, and the location will now yield quite a lot of smaller developments as a substitute.
The undertaking is considered one of a number of ZD Jasper developments taking form throughout the borough.
The developer filed plans for a 99-unit undertaking at 35-25 Steinway Road, a couple of block south of the proposed rezoning. The agency can be nearing completion of a 182-unit rental undertaking at a former paint manufacturing facility at 45-40 Vernon Boulevard in Long Island City.
ZD Jasper was additionally the primary New York Metropolis developer to reap the benefits of new state environmental-review exemptions, permitting a proposed 143-unit project in Sunnyside to maneuver ahead with out additional SEQRA review. Throughout the river, a branded rental undertaking on the Higher East Facet is aiming for completion by summer season of 2027.
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