Developer Plans Two-Building, 53-Unit Affordable Housing Expansion of Marine Terrace Complex, Astoria

Marine TerraceAn overhead view of the Marine Terrace complex. Image via Google Maps.

Related Companies is planning to build two new residential buildings, with a combined total of 53 units, along 20th Avenue on the northern edge of the Marine Terrace affordable residential complex, in the Ditmars section of northern Astoria. Marine Terrace is a 444-unit development comprised of seven three-story buildings, DNAinfo reported, which Related acquired for $121 million in June. It’s bound by 21st Street, Shore Boulevard, and 20th and 21st avenues. The 53 new residential units will spread across three- and four-story buildings. All of the units will be rented at below-market rates to veterans, although 20 percent will be specifically geared towards homeless veterans. The new buildings will replace two existing single-story parking garages. In addition, Related will renovate the rest of the 444-unit Marine Terrace complex. It will get an additional 5,400 square feet of community space, and amenities including a fitness center, a computer lab, a lounge, laundry facilities, and a nurse’s office. All but three apartments in Marine Terrace, which range from one- to three-bedrooms, receive Section 8 assistance. Grounbreaking for the new construction components is expected in 2017.

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2 Comments on "Developer Plans Two-Building, 53-Unit Affordable Housing Expansion of Marine Terrace Complex, Astoria"

  1. Price hit the market is commercial, and work hit the construction is progress. (that’s development)

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