Developers Pay $43.5M for Last Astoria Cove Project Lots

Source: The Real Deal

The development partnership led by Alma Realty may not have its land use review for Astoria Cove approved just yet, but it now has all the property it needs to build the 2.2 million-square-foot Queens waterfront development.

The group has paid $43.5 million to secure the final lots that form the footprint of the Astoria project, the Queens Courier reported. Superior Steel Studs Inc. sold the developers four lots for about $40 million, while Rayan Realty Corp. parted ways with 4-34 26th Avenue for $3.4 million, according to city records cited by the newspaper. 
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