35-10 12th Street Update 12/27/24

Developer Lands $70M Loan for Astoria Resi Project

Developer,

, has secured a $70 million loan for an 8-story, residential building, set to rise at 35-10 12th Street (aka 11-14 35th Avenue) in Astoria, Queens. Issued by Be Aviv, this influx of capital will be used to fund construction costs.

The building will contain

rental apartments. Tenant amenities are to include a roof deck with lounge seating and dining areas.

Plans also call for a ground-floor, food store, falling under NYC's FRESH program, and an enclosed parking garage, with enough room for

vehicles.

Designed by

, with serving as the general contractor, the structure will stand feet tall and total square feet. Foundation work is currently underway.

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