{"id":377393,"date":"2026-10-19T23:44:08","date_gmt":"2026-10-19T23:44:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/377393\/"},"modified":"2026-10-19T23:44:08","modified_gmt":"2026-10-19T23:44:08","slug":"stimdel-properties-files-plans-to-build-612-apartments-in-astoria-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/377393\/","title":{"rendered":"Stimdel Properties Files Plans to Build 612 Apartments in Astoria \u2013 Commercial Observer"},"content":{"rendered":"<p><a href=\"https:\/\/commercialobserver.com\/company\/stimdel-properties\/\" title=\"Stimdel Properties\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Stimdel Properties<\/a>, an affiliate of Uruguay-based investment firm <a href=\"https:\/\/commercialobserver.com\/company\/hc-corporation\/\" title=\"HC Corporation\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">HC Corporation<\/a>, has filed plans to bring 612 new apartments to 12-12 33rd Avenue in Astoria, Queens, according to a rezoning<a target=\"_blank\" rel=\"noopener nofollow\" href=\"https:\/\/zap.planning.nyc.gov\/projects\/P2016Q0015\"> application <\/a>filed with New York City\u2019s Department of City Planning last week.\u00a0<\/p>\n<p>The plans, filed by Stimdel, call for the construction of five mixed-use buildings, ranging from five to nine stories tall, with a total of 50,000 square feet of commercial and manufacturing space. A portion of the 612 units will be designated as affordable housing, according to the project description.\u00a0<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/10\/miami-beach-bath-club-south-florida-capital-development-forum\/\" rel=\"nofollow noopener\" target=\"_blank\">The South Florida Real Estate Market Leans Evermore on the Wealthy<\/a><\/p>\n<p>The site, located between 12th and 13th streets along 33rd Avenue in Queens, is currently home to several one-story industrial and office buildings. The landmarked Barkin, Levin &amp; Company Office Pavilion building adjacent to the development site would also be \u201cretained\u201d as part of the project, according to the filing.<\/p>\n<p>\u201cThe development site currently represents a nonconforming industrial use at the border of a residential area of Astoria,\u201d Stimdel wrote in its filing. \u201cThe rezoning would allow redevelopment of this underutilized block for a mix of uses, including local retail, community facility space and a substantial number of affordable housing units, that will blend with surrounding residential and community facility uses to create a cohesive neighborhood.\u201d\u00a0<\/p>\n<p>The project description doesn\u2019t include any information about proposed amenities for the residents. The application still needs to go through several steps ahead of approval, including a review by the City Planning Commission, a community board review and a review by the borough president.<\/p>\n<p>News of the filing comes after a pair of Queens-based developers \u2014 Dominick Acquista and Lorenzo Devardo \u2014 submitted plans last month to replace three industrial buildings at 31-29 Vernon Boulevard in Astoria with a new 20-story residential tower, <a href=\"https:\/\/commercialobserver.com\/2026\/09\/across-the-river-realty-31-29-vernon-boulevard\/\" rel=\"nofollow noopener\" target=\"_blank\">as Commercial Observer reported at the time<\/a>.<\/p>\n<p>Amanda Schiavo can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/10\/stimdel-properties-housing-astoria-12-12-33rd-avenue\/mailto:aschiavo@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">aschiavo@commercialobserver.com<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Stimdel Properties, an affiliate of Uruguay-based investment firm HC Corporation, has filed plans to bring 612 new apartments&hellip;\n","protected":false},"author":2,"featured_media":377394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[3624,1527,138781,9,24,91133,63,122,124,123],"class_list":["post-377393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-channel","tag-construction","tag-development-12-12-33rd-avenue","tag-new-york","tag-new-york-city","tag-new-york-city-department-of-city-planning","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/377393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=377393"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/377393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/377394"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=377393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=377393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=377393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}