Stimdel Properties Files Plans for 612-Unit Mixed-Use Development in Astoria, Queens

Stimdel Properties, an affiliate of Uruguay-based investment firm HC Corporation, has filed a rezoning application with the New York City Department of City Planning for a significant development at 12-12 33rd Avenue in Astoria, Queens. The proposal outlines the construction of five mixed-use buildings, ranging from five to nine stories, which will collectively offer 612 new apartments. Additionally, the project includes 50,000 square feet designated for commercial and manufacturing uses.

A key aspect of the plan is the inclusion of affordable housing units within the 612 apartments. The site, currently occupied by industrial and office structures between 12th and 13th streets, is considered an underutilized industrial parcel bordering a residential area. Stimdel's filing emphasizes that the rezoning would facilitate a blend of uses, including local retail and community facilities, aiming to integrate with the existing neighborhood fabric. The adjacent landmarked Barkin, Levin & Company Office Pavilion building is slated for retention.

The application is now entering a multi-stage approval process, requiring review by the City Planning Commission, community board, and borough president. This development follows another recent proposal in Astoria by Dominick Acquista and Lorenzo Devardo for a 20-story residential tower. For developers and investors, this project signifies ongoing opportunities in Queens, particularly for mixed-use and affordable housing initiatives requiring navigating New York City's complex rezoning procedures.