Long Island City and Astoria have been hotbeds for development for quite a while, but recently, developers have been looking to build on this side of the East River in neighborhoods like Woodside.
Cheung Kiu, an Elmhurst-based developer, filed plans to construct a 47-unit, four-story condominium at 31-19 56th St., the Real Deal first reported. According to city documents, the building would also include retail space and community facility space.
The ground floor retail space would span 18,711 square feet. The building would also include a 5,662-square-foot daycare facility for 2- to 6-year-olds and a 68-space parking garage. The architects responsible for the design, Queens-based Angelo Ng and Anthony Ng Studio Architects, listed a supermarket, laundromat and beauty parlor as uses for the retail portion of the building on their website.
In 2016, the average sales price of a home in Queens rose to $535,000 — a 7 percent increase as compared to the fourth quarter of 2015. Also in 2016, there were 42 deals over $20 million in Queens compared to five in 2011, according to Ariel Property Advisors.
