Friday, January 8, 2016

New plan for new Bay Terrace units

From the Times Ledger:

The Bell Apartments’ board of directors and Cord Meyer Development presented preliminary plans to construct a 186-unit condominium on vacant green space adjacent to the residential complex to the co-op’s shareholders Monday.

According to property records, the deed for the Bell Apartments is registered with Cord Meyer, which also owns Bay Terrace Shopping Center. Under the land lease with Bell Apartments, which is a five six-story buildings, 300-unit co-op, the board of directors must enter into a new agreement to give Cord Meyer the right to build on the undeveloped land opposite PS 169 on 212th Street.

The plans have not been finalized, because no deal has been reached between Cord Meyer and the board, but the design team, Morali Architects, released a close-to-finished building proposal at the meeting.

Architect Anthony Morali said the 186 units would only cover 50 to 55 percent of the current available space, and plans would result in a building density that is half of what the current zoning rules allow for, so no zoning variance would need to be granted.

Morali said instead of one large building, he plans to construct seven separate building segments connected by corridors and parking structure underground with at least 186 spaces. The developers said there would spots available for at least 220 cars, including outside parking. The underground parking lot would only be accessible on 18th Avenue and 23rd Street.

If the developer and the co-op board reach an agreement, they expect to break ground by fall or if not then in 2017. Morali said construction should take a total of 15 to 18 months.

Once complete, developers said they expect the condos to sell for between $400,000 and $500,000. One- to three-bedroom units in the Bell Apartments now have an average value of $350,000.

13 comments:

(sarc) said...

The picture looks beautiful...

Anonymous said...

There goes the neighborhood!!!

Anonymous said...

Parking is getting tight in these areas as it is and the government keeps putting up housing when there is no parking and not enough government services and buildings to uphold the growing population. There is simply no room left in nyc for more people. Period.

Anonymous said...

And not a Dam Thing you can do about it,oh,vote them out,lololololol

Anonymous said...

Anonymous said...
Parking is getting tight in these areas as it is and the government keeps putting up housing when there is no parking and not enough government services and buildings to uphold the growing population. There is simply no room left in nyc for more people. Period.
.....................................................................................

Well said!

Anonymous said...

How much of this will be affordable housing?

Anonymous said...

Underutilized land will always be under assault to build upon, especially withh that greedy Cord Meyer family of real estate hustlers.
Goodbye green space. Another form of the Flushingization of Bayside.
And you insular runts thought that it would never come, despite many early warnings to join up with your western neighbors to fight urban sprawl. Good luck, and good night!

JQ LLC said...

"Instead of building houses, why don't they build land....on the ocean"

Rita aka MR. F (played by Charlize Theron) from the show arrested development. A show whose patriarch was a corrupt land developer.

Anonymous said...

At least the hipsters stay away from North East Queens !

Anonymous said...

Hipsters are exactly what's needed to push some insular idiots out of northeast Queens and introduce some culture other than crab grass pulling and social drinking.

Anonymous said...

Hipsters haven't discovered this part of Queens yet. I say make more public housing so that other hard working new yorkers can move to better neighborhoods.

Anonymous said...

Electoral bluckbusting

Anonymous said...

Whew....you are right!
Some of those Douglaston drunks are really something.
These high toned inebriates think they're lords and ladies.