$2B Queens project dead, but smaller ones planned
The megaproject known as Innovation QNS will not happen, but the controversial rezoning that allowed it seems likely to yield a number of smaller developments. One, at least. The team of developers that planned the five-site, 3,200-unit Innovation QNS has broken up since the November 2022 rezoning was approved by the City Council. Silverstein Properties is out, and a second member of the development trio, BedRock Real Estate Partners, is moving ahead on one of the two Astoria sites it controls with a subsidiary of L+M Development Partners. The two firms formed a joint venture last summer. BedRock, led by […]This article originally appeared on The Real Deal. Click here to read the full story.
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