The Real Deal New York

Another major housing development in the works for Astoria waterfront

August 23, 2012 09:30AM

Another developer has big plans for the Astoria waterfront, joining two other proposed projects for the gritty western Queens neighborhood.

The New York Daily News reported that Long Island City-based Alma Realty has had preliminary discussions with the city to develop 1,800 units of housing across four towers and a promenade with shops, restaurants, a supermarket and open space on an 8.5-acre Parcel On 26th Avenue. Alma plans to file official applications for the project, named Astoria Cove, by the end of the year.

That project joins another potential development site that hit the market earlier this month across the street. The parcel, at 3-15 26th Avenue, is being marketed by Avison Young for $80 million, and could be built up to 800,000 square feet.

The third project is Hallets Point, which has been in the works for a while but has yet to see any progress. That project calls for 2,300 residential units. [NYDN]Adam Fusfeld