The Real Deal New York

Slate ups the apartments planned for Ridgewood building

City rezoned the lot at 176 Woodward Avenue for residential use last year

October 16, 2015 06:00PM
By Will Parker


Rendering for 176 Woodward Avenue in Ridgewood and Slate’s Martin Nussbaum

After eventually winning over City Council with a redevelopment proposal last summer, Slate Property Group filed plans Friday for a 125-unit apartment building at 176 Woodward Avenue in Queens’ Ridgewood neighborhood.

Although the original proposal called for 88 units, new plans call for 37 more apartments in a total building space of 89,000 square feet, including 5,000 square feet of commercial space, part of which is expected to be reserved for artists who can use the space for as little as $10 a year. Ariel Aufgang Architects is designing the corner-lot building, which will also have a retail component.

Silverstone Property Group, the company that Slate principal Martin Nussbaum co-founded prior to forming Slate in 2013, acquired the junk yard at 176 Woodward Avenue in 2012.

Last year, Slate won a bid to rezone the address from industrial to residential use, but that required a good deal of negotiating with City Council member Antonio Reynoso, Queens Borough President Melinda Katz, and local residents, who insisted the project include a substantial percentage of affordable housing.

The rezoning proposal, approved by the city last year, stated that 50 percent of the units would be affordable.