Madison Realty Capital has started the construction of the new school, PS Q340, at its mixed-use development at 69-02 Queens Boulevard in Woodside, Queens.
The project is being developed in a public-private partnership with the New York City School Construction Authority and Department of Education. The property services union, 32BJ SEIU will be responsible for building services.
Located at the nexus of Elmhurst and Woodside neighborhoods, PS Q340 will add approximately 78,000 sq. ft. of educational space to the two-tower property and serve 476 students in pre-kindergarten through fifth grade.
In addition to the PS Q340, the project brings 478 residential units to Queens, 30% of which will be affordably priced according to the standards and guidelines set by local officials. The building will also offer 15,000 sq. ft. of retail space and top-tier amenities including, a state-of-the-art fitness center with separate yoga room, a fully equipped media lounge, laundry room, storage room, parking lot, bike storage, tenant lounge, third floor terrace, a roof terrace with recreation kitchen and on-site parking.
Madison Realty Capital secured approval for a rezoning through the Uniform Land Use Review Procedure process. The development is one of the first to be developed under the city’s Mandatory Inclusionary Housing in the Elmhurst/Woodside Community Board and Council district.