Council Member Shekar Krishnan has welcomed the City Council’s approval of a proposed rezoning in Elmhurst that will allow for the conversion of an “underutilized” bank and parking lot into a 13-story residential tower.

The Council approved the rezoning of 78-01 Queens Blvd. in a 42-2 vote, with Council Members Robert Holden and Frank Morano voting against the rezoning and Council Member David Carr abstaining from the vote.

The rezoning will allow for the construction of a 13-story residential tower on the site of what is currently a TD Bank, which would include up to 314 units, 79 of which would be permanently affordable.

The affordable units would be mapped under Mandatory Inclusionary Housing Option 1, which requires that 25% of a development be available at an average of 60% of th

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