Slate ups the apartments planned for Ridgewood building

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

New York /
Oct.October 16, 2015 06:00 PM

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.


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
Abraham Edgardo Ortega is one of nine people charged in the laundering scheme. (Getty, Department of Justice)
Former Venezuelan oil exec sentenced in $1B money laundering scheme
Former Venezuelan oil exec sentenced in $1B money laundering scheme
Mark Zuckerberg and Priscilla Chan (Getty, iStock)
Mark Zuckerberg nearly doubles Hawaii real estate holdings
Mark Zuckerberg nearly doubles Hawaii real estate holdings
The Montana property with director Robert Redford and star Brad Pitt. (Getty, Swan Land Company)
“A River Runs Through It” Montana ranch lists for $136M
“A River Runs Through It” Montana ranch lists for $136M
Protestors in support of street vendors gather in Hudson Yards on May 7, 2021 (Getty)
“More churros, less cops”: Vendors and Related face off
“More churros, less cops”: Vendors and Related face off
From left: 944 Fifth Avenue, 67-69 East 93rd Street and 15 East 88th Street (Google Maps)
Three Manhattan sellers aim high asking $25M+ for luxury pads
Three Manhattan sellers aim high asking $25M+ for luxury pads
arrow_forward_ios

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

Loading...