Developing multifamily housing in the city is far from a day at the beach, but that’s not going to stop Howard Taub from trying.
The managing partner of the Sunny Atlantic Beach Club filed plans for a 253-unit project at 50-02 Queens Boulevard in Queens’ Woodside neighborhood, the New York Business Journal reported. Taub requested a zoning variance that would allow for a 14-story apartment building.
Of the 253 units planned, roughly 25 percent — 63 in all — will be designated for affordable housing. Those units will be reserved for those making 60 percent of the area median income. The 326,000-square-foot project will also have a 19,000-square-foot commercial space and a 4,300-square-foot child care facility.
“There is a compelling land-use rationale for the proposed actions,” Taub’s said in the project filings. “The proposed development site has not seen significant investment beyond the existing, low-intensity commercial uses since 1961.”
Currently, electronics retailer P.C. Richard & Son occupies the existing buildings on the site, which span 25,000 square feet. Those properties will be razed to make way for the development, though P.C. Richard & Son plans to reopen in the commercial space in Taub’s development.
The site also has a three-story building once used as office space for Teachers Federal Credit Union, which Taub doesn’t plan on touching.
Elsewhere in Woodside, the Hakimian Organization recently landed a $175 million loan from Apollo and Lionheart Strategic Management for its mixed-use development at 72-01 Queens Boulevard. Hakimian recently finished work on the 12-story, 364-unit SOLA Woodside project and leasing has begun.
Queens is home to one of the most significant affordable housing projects in the city, Innovation QNS. This summer, L+M Development Partners joined the $2 billion, 3,200-unit project, set to work on both affordable and market-rate components of the project.
The development will feature 1,436 permanently affordable apartments, 142 supportive housing units and 157 units for recipients of the city’s anti-homelessness vouchers.
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