Edgestone scaling back size of 18-acre Queens project

Plans are being revised after community reacted against proposal for 107 two-family homes

TRD New York /
May.May 11, 2015 02:50 PM

Edgestone Group is responding to complaints by Whitestone, Queens community members over its plans for townhouse development by going back to the drawing board to come up with a lower-density proposal.

The developer originally proposed 107 two-family houses for the 18-acre waterfront site at 151-45 6th Road. Six of the acres are underwater. But after a “barrage of complaints,” it is rethinking its strategy to include an undetermined number of single-family homes, the Wall Street Journal reported.

Whitestone, a middle and upper-class community that is comprised of mostly single-family homes, has proven to be extremely anti-density. State Senator Tony Avella issued a statement saying “This developer is declaring war on the community,” in response to the townhouse proposal.

Edgestone purchased the site for $11.3 million in 2012 after its previous owner, Bayrock Group, filed for bankruptcy protection. Bayrock had planned to build 52 single-family homes.

A representative for Edgestone said that they preferred the townhouse concept because it would preserve affordability.
“If we built single-family homes, they would have to be priced at $2 million,” said Edgestone’s Anthony Hu, who presented at a community board meeting last month. “We didn’t think the average Whitestone resident could afford that.” [WSJ] — Tess Hofmann


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
New York University may lease thousands of hotel rooms near its Greenwich Village campus to maintain social distance between students. (iStock, Wikipedia Commons)

NYU’s social-distance fix for dorms? Leasing hotel rooms

NYU’s social-distance fix for dorms? Leasing hotel rooms
Miguel McKelvey (Getty)

Miguel McKelvey out at WeWork

Miguel McKelvey out at WeWork
Developers pulled back on advertising as online traffic and print subscriptions grew (iStock)

Real estate ad dollars vanished as pandemic spread

Real estate ad dollars vanished as pandemic spread
From left: Brandon Shorenstein of Shorenstein Realty, Steven Roth of Vornado, John Westerfield of Mitsui Fudosan America, and Stephen Ross of Related (Getty, iStock)

TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement

TRD Insights: These office landlords are most exposed to Big Tech’s #WFH movement
Ithaca Mayor Svante Myrick (Twitter, iStock)

“Cancel rent” campaign notches first victory, in Ithaca

“Cancel rent” campaign notches first victory, in Ithaca
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...