Strategic Capital plans Astoria resi building
Seven-story, 50-unit condo would replace commercial property
Strategic Capital Metropolitan on Tuesday filed plans to develop a seven-story residential building in Astoria.
The Long Island-based developer plans to construct a 58,587-square-foot condo at 3-11 27th Avenue, according to a permit application filed with the city’s Department of Buildings. The application calls for 37,940 square feet of residential space, 7,991 square feet of retail and a 12,656-square-foot community facility, which will include space for both outpatient medical care and a day care facility.
Strategic is listed as the project’s manager. A representative from the company told The Real Deal that Strategic is in the process of purchasing the property from its current owner, an LLC run by the estate of Antonio Garcia, according to state business records.
Strategic plans to build 50 condo units, which will replace a one-story commercial building on the property, the representative said. Additional details of the deal were not immediately available.