Last month, Silverstein Properties’ ground lease for Queensboro Farm Products’ seven-lot development site in Astoria, Queens hit public records. However, it turns out that’s only a piece of a larger assemblage: Queensboro is just one of four landlords Silverstein is working with who collectively own 315,000 square feet of ground. Together, all the sites could give rise to nearly 4,000 apartments.
The overhaul wasn’t originally Silverstein’s idea, but that of a pair of developers who struggled for years to bring an ambitious plan they dubbed “Steinway Square” to life. Now, Henry Wollman of Quadriad Realty Partners and investor Robert Gans, who is perhaps best known for owning strip clubs, are suing Silverstein and the Astoria landlords, alleging the developer squeezed them out of their dream project.
