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Astoria Cove, 2.2 million-square-foot real estate development project, got a thumbs-up from the New York City Council’s land-use committee on November 12. Full City Council approval is now expected on November 25.

The Subcommittee on Zoning and Franchises of the New York City Council sent the

The earlier proposal made by 2030 Astoria Developers back to the drawing board over concerns about safely, union jobs and most importantly, an insufficient amount of affordable housing.

“One of the developers of the Queens project, Alma Realty, said 27% of the project’s more than 1,700 units would be affordable, compared with the 20% that it was offering to build when the project passed the City Planning Commission in September,” the Wall Street Journal reported.

“The project was the first major test of Mayor Bill de Blasio’s efforts to create tens of thousands of new units by requiring developers to include affordable housing in dense new developments. Advocates had lined up to demand that 50% of the project be affordable, while the construction and service workers unions wanted jobs for their workers,” the WSJ added.

The deal disappointed housing advocates who wanted a higher percentage of affordable housing. They also believe the rents would not be afforded by area families.

The project will include a ferry dock for service to Manhattan and Brooklyn.

Costa Constantinides, Astoria’s City Council member, was pleased, believing that the deal would provide housing, good jobs and transportation for an isolated area.

“We have an agreement here at Astoria Cove that truly integrates this development into our community,” he said.

“As of Tuesday evening, the parties remained at odds on crucial issues, namely affordable housing and labor, according to people familiar with the matter,” the WSJ reported, but “At 8:22 p.m. housing advocates, unions and some elected officials put out an advisory for a news conference on Wednesday morning to call for a no vote on the project. A deal with the unions was struck late in the evening, and the news conference was called off. Negotiations continued until mid-afternoon Wednesday—well after the scheduled time for a vote.”

The post Astoria Cove Project One Step From Finish Line appeared first on The National Herald.

Source: The National Herald
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