Despite captivating the Queens bee population, Elmhurst has seen quite a bit of development in recent months. Adding to that list is a planned 11-story residential building, soon to rise at 70-32 Queens Boulevard.
The 69-unit building is being developed by Steve Cheung (based in Bayside) and will be designed Michael Kang (an architect based in Flushing). It will entail 55,000 square feet of residential and 5,500 square feet of commercial space. There will also be a small communal space and an asymmetric rooftop that will form penthouse terraces, plus a garage with room for 59 cars. According to YIMBY, about a quarter of the development was backed by foreign money (probably Chinese) under the EB-5 visa program, which grants green cards to foreign investors whose projects will produce American jobs.
The building will likely be finished in a year, but whether Elmhurst is still New York's "best new neighborhood" by then remains to be seen.
· Revealed: 70-32 Queens Boulevard, Elmhurst [YIMBY]