Sep. 5, 2025 By Shane O’Brien

Innovation QNS, a proposed $2 billion development that aimed to bring more than 3,000 housing units to 35th Avenue in Astoria, has been scrapped after the developers behind the proposal shelved their plans for the megaproject.

However, the $2 billion development is now likely to yield to several smaller developments in the original project area, according to reports.

Innovation QNS, proposed by developers Silverstein Properties and BedRock Real Estate Partners along with Kaufman Astoria Studios, would have transformed five blocks of 35th Avenue into a sweeping development including 3,200 housing units along with retail space, community facilities and more than two acres of public green space.

The plan, which included 1,436 affordable units, encompassed a l

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