Two game-changing Queens development projects seem to be in the cards after announcements last week. But how real are they? Mayor Eric Adams put his clout behind a newly revealed plan for a so…
Two game-changing Queens development projects seem to be in the cards after announcements last week. But how real are they?, hotel and “affordable” residential complex in Willets Point next to Citi Field. Meanwhile, a key City Council subcommittee approved an amended plan for a controversial, five-block, mixed-use project in Astoria called Innovation QNS.
Willets Point looks like an all-but-done deal even though actual buildings have yet to be designed. Moreover, although the stadium is budgeted at $780 million, no estimates are available for the rest of the project.is the full-on backing of Council member Francisco Moya, a soccer aficionado who represents the district and is cheerleading the stadium plan.
But with Moya on board, the NYCFC, which will pay for the stadium, and Related Companies and Wilpon-owned Sterling Equities, which will jointly develop the rest of the site, shouldn’t have to sweat it out.Related, which has vast experience in building affordable housing across the US, is expected to tap city Housing Preservation and Development incentives to make construction “affordable” for the developers.
But it might not be enough to satisfy Council member Julie Won. Asked by The Post whether she would seek further modifications, her spokesperson referred us to Won’s statement that, “This vote is only a preliminary approval of the project.” She added, “I am diligently finalizing negotiations for commitments from the developer and the Mayoral administration. As the Council Member, I will utilize every accountability measure to ensure that our community wins are actualized.”
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