What Is Innovation QNS? $2B Redevelopment Complex in Astoria, Queens

Innovation QNS is a community-driven redevelopment project in Astoria, Queens, aimed at transforming a dormant area into a vibrant, mixed-use district. The initiative includes residential, commercial, and cultural spaces, with plans for 3,200 apartments, retail stores, a movie theater, and public spaces. Nearly half of the apartments will be designated as affordable housing. The project is led by Kaufman Astoria Studios, Silverstein Properties, and BedRock Real Estate Partners. It seeks to enhance economic opportunities while preserving the neighborhood’s cultural identity. The development was approved by the New York City Council in 2022 and is set to reshape the area.