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Young’uns flock to Queens’ Rego Park
Development activity is up and QueensWay park proposal is in the wings
Young professionals searching for more bang for their buck are beginning to land in Queens’ Rego Park neighborhood, where developers have been keeping busy on a variety of new buildings.
Vornado Realty Trust is leading the pack with the Alexander at Rego Center, a 312-unit Building Atop The Rego Park Ii Shopping Plaza that will begin leasing in April. A nearby 38-unit building called the Rego Modern developed by Ramin Shirian of Lions Group II is 85 percent leased, the Wall Street Journal reported.
Several medium-sized residential buildings are in the pipeline along the southern side of Queens Boulevard, including a six-story building with 45 units at 65-70 Austin Street, a seven-story building with 59 units at 65-38 Austin Street and an eight-story building at 64-24 Booth Street.
“It’s a great area that’s coming up,” Aaron Einstein — president of Woodmere Development, the firm behind 65-70 Austin Street — told the newspaper. “There’s lots of different ethnic cultures in Rego Park, and I love that there’s a new bunch of young, nice people moving in.”
The proposal for a High Line-esque QueensWay park, to be built on a 3.5-mile stretch of abandoned railway track between Rego Park and Ozone Park might increase the area’s appeal by adding green space.
The Trust for Public Land, a nonprofit that is raising funds for QueensWay, plans to send out a request for proposals from landscape design firms in the next two months. [WSJ] — Tess Hofmann