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Development Group Plans $2B MXU in Astoria

A development consortium including Silverstein Properties released plans for a $2-billion housing and commercial project adjacent to the Kaufman Arts District in Astoria.

Known as Innovation QNS, the plan would contain 2,700 units of mixed-income housing, 200,000 square feet of retail and another 250,000 square feet for “small businesses, startups and nonprofits in the creative industries,” according to the developers. The team also includes Kaufman Astoria Studios, and ODA Architecture is handling the design.

Also incorporated into the plan would be two acres of open space, an arts and culture hub, enhanced streetscapes and a potential grammar school site.

The Innovation QNS developers, who own or control the property within the largely dormant five-block zone, hope to begin the city’s land use review process to rezone the M1 commercial district for residential use by late 2020 or early 2021. 

Rendering courtesy of ODA Architecture.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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