News Summary
Broadwood Realty LLC is set to transform Woodside, Queens with a new mixed-use building featuring 67 residential units and 9,200 square feet of commercial space. The development aims to accommodate diverse income levels, with affordability measures in place. Set to replace an old commercial office structure, this nine-story building will include bicycle parking and support the area’s growth trend, contributing to a vibrant community. Residents are encouraged to stay tuned for updates on this significant urban project.
Exciting New Development Coming to Woodside, Queens!
Residents of Queens have reason to be thrilled as news surfaces about an upcoming residential development in the Woodside neighborhood. Broadwood Realty LLC is stepping into the spotlight with plans to create a stunning new mixed-use building at 63-12 Broadway. And let me tell you, this project is set to bring a lot of buzz to the area!
A Growing Community Space
The latest plans have been filed with the New York City Planning Commission, indicating that changes are in the making for the local zoning map. The proposal outlines the construction of a substantial nine-story structure, boasting a total area of 55,500 square feet. This development includes 67 residential units and a whopping 9,200 square feet dedicated to commercial space. This means more shopping, dining, and entertainment options right in your neighborhood. Who doesn’t love having everything they need just a short walk away?
Making Room for Everyone
Broadwood Realty isn’t just thinking about profits. Their plans also involve implementing the Mandatory Inclusionary Housing Program, which ensures that roughly 33% of the units—22 to be exact—will be affordable for households with an average income at about 80% of the area median income (AMI). For context, the area median income for single-person households in Woodside starts at $86,960. This means that there will be opportunities for more residents to call this new building home, making the community even more vibrant and diverse.
Furthermore, a minimum of 10% of the housing units will be affordable for those earning 40% of the AMI, enhancing the accessibility of quality housing for those on tighter budgets. It’s a step towards building a neighborhood where families and individuals from various backgrounds can flourish together.
Transforming the Old into New
Did you know that the location of this new development is currently an 11,100-square-foot lot with a 7,800-square-foot commercial office building? That building has been around for 94 years and is home to six tenants. Broadwood Realty acquired this existing site for an impressive $6.5 million in late 2023, but it’s time to usher in a new era for this space!
Cyclists Rejoice!
For those who enjoy cycling, there’s more good news! The new plans include the installation of 23 bicycle parking spaces. Unfortunately, there won’t be any automobile parking spaces provided, but that shouldn’t deter anyone from the excitement of having a new community hub right at their doorstep. Just think of all the fresh air you’ll be breathing in while riding over to grab a cup of coffee or hitting up the local shops—sounds lovely, doesn’t it?
Joining the Neighborhood’s Growth Trend
This new project is just one piece of a larger puzzle as Queens sees a flurry of development activity. Recent residential proposals across the borough include a 202-unit development in Corona, a mixed-use building in Astoria, and even a 14-story building in Flushing. It’s clear that Queens is on the rise, and Woodside is right in the mix of this exciting revitalization!
Looking Ahead
While no specific details on job creation have been released yet, Broadwood Realty aims to enhance the vitality and character of the Woodside neighborhood. As plans progress, the community will surely keep a close eye on developments. There’s a buzz in the air, and it’s impossible not to feel the excitement for what’s to come.
With so much happening, it’s a fantastic time to be a part of Queens and its blossoming communities. Keep your eyes peeled for updates as this project unfolds. Who knows, you may soon find yourself calling Woodside home!
Deeper Dive: News & Info About This Topic
- New York YIMBY: 43-25 52nd Street Wraps Up Construction in Woodside, Queens
- Sunnyside Post: Sales Begin for Centric’s Upcoming 131-Unit Luxury Condominium in Woodside
- Crain’s New York: Developer Planning Huge Woodside Affordable Housing Project
- Wikipedia: Woodside, Queens
- Google Search: Queens real estate development
