Developer John Pantanelli is moving ahead with a massive Astoria project that will feature more than 300 residential rental units.
Pantanelli recently filed plans with the Department of Buildings for a project spanning about 286,000 square feet at 33-35 11th St. near the waterfront in the bustling Queens neighborhood. The development will stand 8 stories and 94 feet tall with 303 residential units and a 138-car parking garage. It will also feature ground-floor retail space and commercial space on the second floor.
Pantanelli filed demolition permits for the 1-story commercial building on the site, which encompasses multiple addresses on 33rd Road between 11th and 12th streets, in mid-March. He purchased the site in 2014 for $7 million, property records show.
The filing specifies that the development is part of the city’s mandatory inclusionary housing program, which would require either 25% of the project to be affordable for households earning 60% of the area median income on average ($76,260 for a family of three) or 30% of it to be affordable for households earning 80% of the area median income on average ($101,680 for a family of three).
The major project appears to be part of an even larger one planned for the entire block, according to a 2022 article from the local news site Patch. The overall project would include two 8-story apartment buildings, along with space for two trade schools, art studios, a nonprofit and a wholesale food distribution center, the article said.
It was unclear if certain aspects of the project had changed since then. Pantanelli could not be reached for comment by press time.
Other major projects planned for the Astoria area include Innovation QNS from Silverstein Partners, BedRock Real Estate Partners and Kaufman Astoria, set to contain almost 3,000 residential units, and Halletts North, which would have more than 1,300 units.
Eddie Small , 2024-04-08 22:28:57
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