Chetrit Wants To Create Mixed-Use Complex At Queens Industrial Zone

The Chetrit Group has big plans for an eight-acre, Long Island Railroad-bisected industrial complex in Maspeth, Queens.

The developer wants to develop a mixed-use project on the oddly shaped property at 57-46 56th St, which lies in an Industrial Business Zone and is occupied by warehouses and industrial companies, Crain’s reports.

While plans are in the early stages, the developer claims the complex would fit in with the surrounding low-rise housing.

Mayor Bill de Blasio has promised to protect IBZs from residential development, which could make getting rezoning approval difficult, despite Chetrit’s insistence the site is at the IBZ’s edge and has other residential properties nearby.

The developer could receive support from City Council member Elizabeth Crowley, who met with Chetrit in 2013 and 2015 and who wrote a letter to the mayor telling him to search for more low-income housing development opportunities.

Her letter even mentioned the site. “Two real estate developers who are eager to build residential housing units in Maspeth and Woodside have approached me," she wrote, "looking to start a conversation about a zoning change." [Crain’s]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

'Something Has To Give': NYC Economic Development Corp.'s Big Ambitions Collide With Red Ink

BXP Lands Equity Partner For Madison Avenue Office Project

Foreclosure Suit Filed At Stalled Penn Plaza Life Sciences Project

Developers Land $204M Loan For East Village Project: The N.Y. Deal Sheet

Battersea Power Station Lands £280M Refinancing For Final Phases

Microsoft Sues JLL For Protection Against Lawsuit At NYC Office Project

'Very Desirable Market': Investment Surges Across Houston's Westchase District

Grafton Place Scheme Comes To Market Again, Guiding At €250M

NYC Is Building Hotels Again. It May Not Be Enough

Developers Scheme To Build More Housing Units As NYC's Tax Incentive Ages

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation