With more than 4,000 apartments set to be developed within the Astoria Cove and Hallets Point, it is going to become the next high-density residential area in the city. The six-story condominium building is scheduled to rise on a site at 30-05 Vernon Boulevard. City records indicate that the lot was purchased by a joint venture for $3 million in 2014.
The building is designed by Young King of Tan Architect, showing a white brick building with a glass curtain wall on the east side and with an elevation facing the river. The zoning requires every building to have on-site parking at ground level, and the garage roof should hold an expansive rooftop terrace. According to King, the development of the project is moving forward, while the team is waiting for the building permit to be issued.
According to 6SQFT, when the leasing for the condominium building was launched last Fall, studio rents started at $1,975 and $2,525 for the one-bedroom, and $3,200 for the two-bedrooms.
Meanwhile, the NYCEDC has announced this past Summer, that the southern edge of the nearby Hallets Point peninsula was chosen to be the sole ferry launch in Astoria. Starting in 2017, a ferry service will begin shuttling the residents in the neighborhood to Manhattan.
The third development in the Astoria Waterfront, just south of the Pillar, is at 30-55 Vernon Boulevard. The larger waterfront project will feature a curved and glassy 14-story tower fronting a low-rise wing along 30th road.
"When Astoria was originally founded in the 19th century, it actually had a steamship landing at [its] base, and it grew from the [river] in," says Valgora, principal at Studio V Architecture, whose firm is involved in a number of projects in the area, as reported by the NY Post.
Meanwhile, the construction activity has heated up around the Hallets Point peninsula - just south of Astoria Park and the Robert F. Kennedy Bridge - where there are about four major residential developments currently in the works.