Astoria Developers Propose 402-Unit Residential Tower Requiring Zoning Change

Astoria developers Dominick Acquista and Lorenzo Devardo, operating as Across the River Realty Development, have submitted plans to the New York City Planning Commission for a significant residential project. The proposal involves replacing three existing industrial buildings at 31-29 Vernon Boulevard with a 20-story tower containing 402 housing units. To proceed, the developers are seeking a zoning change and text amendment to allow construction above current height limits for the site, which is located near Socrates Sculpture Park and the East River.

The project is designed to include approximately 100 affordable apartments, fulfilling the city’s Mandatory Inclusionary Housing requirements for households earning 60 percent of the area median income. Additionally, the development would feature 10,108 square feet of commercial space, 3,069 square feet for community facilities, and 26 parking spaces. This filing highlights the ongoing trend of dense residential development in Astoria, often requiring complex land-use approvals to maximize housing potential in prime locations. Developers and lenders should note the necessity of navigating specific zoning amendments for large-scale projects in such areas.