ASTORIA — New developments proposed for the Astoria waterfront would beautify a run-down portion of the neighborhood, turning it into a well-maintained area with high-rises, esplanades and shopping centers.
According to the Daily News, Alma Realty is looking to build 1,800 housing units on the East River waterfront. The Astoria Cove project, which would be built along 26th Avenue, would include four towers and some low-rise buildings, as well as a promenade, stores, restaurants and a supermarket.
The plans are preliminary and Alma Realty plans to file applications with the city before the end of the year, according to the report.
The paper also reported that the owners of a nearby site, currently occupied by a lumber company and a movie studio, are looking for a partner who would help them develop their property.
The biggest development in the area is planned by Lincoln Equities Group, a New Jersey real estate firm.
The company wants to build a $1 billion development in Hallets Point. It would include seven residential buildings ranging from 20 to 40 stories with approximately 2,200 units, 20 percent of them set aside as affordable housing, Andrew Moesel, a spokesman for Lincoln Equities Hallets Point project told DNAinfo.com in June.
Lincoln Equities also plans to build a landscaped public waterfront esplanade with pedestrian walkways and bike paths and a water taxi stop. The neighborhood would get a supermarket, a drug store and restaurants, according to the developer.
The City Council must approve the rezoning of the industrial area before the project can move forward.
