Real Estate
Developers seek rezoning to
build two towers along Queens
Boulevard in Woodside
BY ANGELA MATUA
The skyline along Queens Boulevard
in Woodside will get taller if the city ap-proves
a rezoning to allow developers
to build two residential towers spanning
14 and 17 stories.
Madison Realty Capital is planning
to build two towers at 69-02 Queens
Blvd., a former gas station and car wash,
the Commercial Observer first reported.
In order to construct the project, Madi-son
Realty Capital will have to rezone
several lots.
According to plans filed with the De-partment
of City Planning, the half-a-million-
square-foot project would include
561 residential units and 5,600 square
feet of retail. Of the 561 apartments,
169 would be considered affordable
and priced at 80 percent Area Median
Income (AMI). The project would also
include a 242-spot parking lot.
The project site spans six lots but so
far, Madison Realty Capital only owns
two sites, the Commercial Observer
reported. The developers might be wait-ing
to purchase the remaining sites until
the zoning is approved.
While half the sites are zoned to al-low
residential construction because
of a rezoning in 2006, the other half of
the site is zoned for low-rise industrial
use. The developers would have to go
through a Unified Land Use Review
Procedure (ULURP) and the plan would
have to be approved by Community
Board 2, Queens Borough President
Melinda Katz, the City Council and the
City Planning Commission.
Madison Realty Capital is also seek-ing
a permit to build an even taller
building. Currently, there is a 140-
foot limit on residential buildings and
developers are looking to build up to
180 feet.
16 MAY 2018 I LIC COURIER I www.qns.com
If the rezoning is not approved, the
developers can still build two towers
spanning 11 stories and 12 stories
with 289 units, of which 58 would be
affordable. The parking lot would hold
149 vehicles with 14,160 square feet
of retail space and 10,940 square feet
of community facility space.
According to Yimby, construction is
slated to last about 22 months and the site
has been partially demolished. The project
is expected to be completed by 2020.
Photo via Google Maps
Rendering courtesy of Perkins Eastman via City Planning
/www.qns.com
