■REAL ESTATE By Angela Matua Construction underway for five-story development at Astoria supermarket An Astoria supermarket is getting a facelift and will also become part of a large, mixeduse development coming to the neighborhood. C-Town, located at 29-10 Broadway, will be one of several retail sites in a five-story development that will feature four floors of residential space. Permits for the space were first filed with the Department of Buildings (DOB) in February and according to the plans, 44,000 square feet will be designated for residential space. The commercial space will total 15,940 square feet, and 32 parking spaces will be provided to residents and shoppers. The market-rate rental building will include 64 units, a lounge, gym, rooftop party room, outdoor workout space, exterior recreation areas and private terraces, according to the architect firm for the project, Aufgang Architects. Though earlier published reports noted that C-Town may not be back, the retailer posted a message on its Facebook page on Sept. 8 with a Post-it image reading, “We’ll be back soon.” Construction for the project has already begun and C-Town is currently closed to make way for renovations. Work on the development will be completed in April 2017, according to the architect firm’s website. The owner of the site, Joseph Friedman of Jestam Realty LLC confirmed that the same owner of the C-Town will operate the supermarket at the site. “I can confirm that a new, beautiful, modern supermarket will be returning to this site,” Friedman said. QNS REAL ESTATE CONFERENCE Panel discussions focused on renovations to the city’s airports and issues concerning Astoria will be the highlights of the QNS Real Estate Conference scheduled for Nov. 19 at Terrace on the Park in Flushing. MTA Chairman and CEO Thomas Prendergast will also serve as keynote speaker for the breakfast networking event presented by the Star Network and The Queens Courier, in association with the Real Estate Board of New York. Industry experts will participate in a panel discussion from 9 to 10 a.m. addressing the potential impact of the multibillion-dollar investment in NYC airports on the Queens real estate market. Scheduled speakers include Stephen Sigmund, executive director of the Global Gateway Alliance; Tyler Morse, CEO and managing partner of MCR Development; Thomas Grech, executive director of the Queens Chamber of Commerce; Kevin Costello, director of properties and corporate real estate for JetBlue; and Robert Walsh, senior managing director at CPEX Real Estate. The other panel discussion, from 10 to 11 a.m., is called “An Insider’s Perspective: Astoria,” which will center around the everchanging northwest Queens neighborhood. Those scheduled to participate include Eric Benaim, CEO and president of Modern Spaces; Joseph Pistilli, chairman and CEO of the Pistilli Realty Group; and George Karnoupakis, associate with Vanbarton Group LLC. A representative of the Durst Organization will also be on the panel. The discussions are preceded by breakfast and networking from 8 to 8:45 a.m. and Prendergast’s speech from 8:45 to 9 a.m. “The Queens real estate market has tremendous opportunity and projects underway changing the landscape of many neighborhoods,” said Schneps Communications Co-Publisher Joshua Schneps. “This event will bring together experts in the industry to share insight and network with others working or interested in the Queens real estate industry.” “The QNS Real Estate Conference is a great showcase for the increasingly important Queens residential and commercial markets,” said REBNY President John Banks. “REBNY members are deeply involved with a growing number of gamechanging projects throughout Queens, our largest borough and top tourist destination.” Tickets are $75 per person, but REBNY members can get a ticket for $60; tables of 10 are available for $700 each. Register online at www.queenscourier. com/reconference. For sponsorship or exhibitor opportunities, contact Amy Amato by calling 718-224-5863, ext. 201, or emailing [email protected]. COVERS CITY AIRPORTS, ASTORIA Photo courtesy Aufgang.com
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