Close Menu
    Trending
    • Diving Into NY’s Top 100 Real Estate Players
    • Building Workers Reach Tentative Contract Agreement
    • What NYC Can Learn From Other Cities With Pied-A-Terre Taxes
    • Pied-à-Terre Tax Proposal Rankles NYC Real Estate
    • Housing Market Reverses Gains as Sentiment Reaches 70-Year Low
    • The War Has Changed the Housing Market
    • Prosecution Surprises in Jared Solomon Vornado Fraud Case
    • Nussbaum Lowinger Files for Chapter 11 Bankruptcy
    WorldEstateUSA
    • Home
    • Real Estate
    • Real Estate News
    • Real Estate Analysis
    • House Flipping
    • Property Investment
    WorldEstateUSA
    Home»Real Estate Analysis»Schuman Properties Seeks to Rezone Swath of Astoria

    Schuman Properties Seeks to Rezone Swath of Astoria

    Team_WorldEstateUSABy Team_WorldEstateUSAMarch 4, 2026No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Astoria’s constructing growth isn’t cooling off and Schuman Properties needs a much bigger piece of it.

    The Lengthy Island Metropolis-based agency filed a rezoning utility for a 50,000-square-foot assemblage alongside Steinway and thirty eighth streets, the place it plans to assemble a pair of 12- and nine-story buildings totaling roughly 310,000 sq. toes, Crain’s reported. The rezoning would enable for considerably extra density than zoning permits, clearing the best way for roughly 270 residences and a large industrial element at 34-14 Steinway Road.

    The challenge would span the block between thirty fourth and thirty fifth avenues and Steinway and thirty eighth streets. Two one-story buildings on the location could be demolished, whereas a 3rd, occupied by a sports activities complicated, would stay. A grocery store tenant in one of many current buildings could be relocated throughout the improvement.

    The residential portion of the challenge would span 157,000 sq. toes; between 20 and 30 p.c of the items could be put aside as reasonably priced housing. The unstated for 52,000 sq. toes of economic house would come with retail and a 27,000-square-foot group facility, seemingly medical places of work. Completion is projected for 2029, if the rezoning is accepted. 

    Land use legal professional Frank St. Jacques of Akerman is representing the applicant. St. Jacques and Schuman each didn’t reply to the publication’s request for remark.

    The deliberate complicated would rise steps from Schuman’s 2019 challenge at 34-01 Steinway Road, a six-story, 55-unit rental constructing, marking the developer’s second main guess on the identical block.

    Schuman’s proposal additionally sits simply north of the previous Innovation QNS space, the place the collapse of the $2 billion, 3,200-unit megaproject left a patchwork of smaller developments shifting ahead as an alternative. A 560-unit constructing is underway at 35-18 Steinway Road, and different websites as soon as tied to the scrapped plan are advancing independently.

    Schuman’s improvement displays a broader development story reshaping Western Queens. Whereas the borough’s inhabitants grew 7.8 p.c between 2010 and 2020, western neighborhoods reminiscent of Astoria and Lengthy Island Metropolis noticed a ten p.c leap.

    — Holden Walter-Warner

    Learn extra

    $2B Queens project dead, but smaller ones planned


    Owner proposes rezoning LaGuardia Center in Astoria 


    Why Julie Won is Wrong About Astoria Megaproject’s Demise

    The Daily Dirt: Pol dances on megaproject’s grave






    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBRP Companies Sells Long Island Rental Complex for $190M
    Next Article Colony Ridge settlement faces court challenge in Texas
    Team_WorldEstateUSA
    • Website

    Related Posts

    What NYC Can Learn From Other Cities With Pied-A-Terre Taxes

    April 18, 2026

    Nussbaum Lowinger Files for Chapter 11 Bankruptcy

    April 17, 2026

    Third Avenue Offices Inch Into The $100 PSF Club

    April 17, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Bruce Teitelbaum’s One45 Hosts Timbuktu Islamic Center

    March 20, 202610 Views

    Senate passes 21st Century ROAD to Housing Act

    March 12, 20269 Views

    New York City’s Top Construction Permits: April 3, 2026

    April 8, 20260 Views

    Mamdani Targets Next Portfolio After Pinnacle Attempt

    April 6, 20260 Views

    Atlantic Avenue leads HECM broker endorsements in January

    March 19, 20261 Views
    Categories
    • House Flipping
    • Property Investment
    • Real Estate
    • Real Estate Analysis
    • Real Estate News
    Most Popular

    Real Estate Scion is Holdout Against Artists in Soho Drama

    November 28, 202549 Views

    Larry Ellison Buys Two Pierre Units From Shari Redstone

    November 27, 202529 Views

    Hungerford, Haruvi Face Foreclosure on Loans Worth $173.4M

    November 26, 202523 Views
    Our Picks

    How to Fire Yourself and Still Scale Your Portfolio Successfully

    December 11, 2025

    Mike Fawaz to depart Rocket Pro, announce next steps in March

    February 16, 2026

    Why these round homes are resilient to hurricanes

    March 20, 2026
    Categories
    • House Flipping
    • Property Investment
    • Real Estate
    • Real Estate Analysis
    • Real Estate News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Worldestateusa.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.