24-Story Apartment Building to Rise Above Rego Center Mall
The 287,113-square-foot building, which would be developed by Vornado Realty Trust, would be a rental complex, as first reported by The Real Deal.
The 288-foot-tall building, designed by SLCE Architects, will sit atop the popular shopping mall at 61-35 Junction Blvd. It's slated to contain 314 units, documents show.
Community Board 6 District Manager Frank Gulluscio said that the residential component had been part of a preliminary development plan but was put on hold due to the economic downturn.
He said the major concern is how the project will affect traffic in the area and whether local schools can handle families who might move to the neighborhood.
“The volume of traffic is a major concern for everybody,” Gulluscio said.
But he also said that the mall "has done wonders for the Queens economy" and residents can now shop locally instead of driving to Long Island.
According to the Real Deal, the project will cost between $100 million and $120 million.
Vornado declined to comment.