A group of investors is well on its way to taking ownership of one of
the largest vacant waterfront properties in Queens, which could soon be
home to 52 single-family Whitestone homes, but state inspectors were
back at the site last Thursday to check for evidence of any contaminated
soil dumped there.
A group of investors involved with Barone Management, a firm that has
both construction and development arms and is based in Whitestone, have
paid a deposit on the 13-acre property, at 151-45 6th Road, and will
likely take full possession of the property within 60 days, according to
Scott Barone, whose family owns the firm.
“In a perfect world, development will begin in the middle of next year,” he said.
The property also includes 8 acres of water rights and will feature a
publicly accessible waterfront park, as is required by city
It was originally zoned for manufacturing until about 2005, when a
development firm called Bayrock Group bought the site and sought to
rezone it for residential use.
The city modified the zoning to specifically allow for the
development of 52 single-family homes, according to area lawmakers, but
Bayrock went bust and the property descended into foreclosure.
Barone said the development will be a boon for the area, setting a
precedent on converting old manufacturing sites into residential tracts
in character with the rest of the sleepy neighborhood.