Real Estate BY ANGELA MATUA CVS Pharmacy is coming to LIC next year Developers have been filling Long Island June 2017, according to CVS spokesperson City with new residential projects for several Stephanie Cunha. years but the area is still lacking in some According to Frank Monterisi, senior vice basic services. president of the building’s management company Now, residents will be able to pick up their Related Companies, CVS has signed prescriptions, snacks, school supplies from a lease to occupy an 11,218-square-foot their children and more when a CVS comes ground floor space at 1-50 50th Ave. to Hunters Point South Commons, LIC Talk “CVS Pharmacy will be a great amenity for first reported. our residents at Hunter’s Point South and the The official opening will be sometime in growing Long Island City community,” Monterisi. New apartment building coming to Astoria DISCOUNT FURNITURE STORE IN ASTORIA WILL BECOME SEVEN-STORY, MIXED-USE BUILDING A one-story discount store in Astoria will be knocked down to make way for a seven-story, mixed-use building. Discount Outlet, at 28-16 21st St., sold mostly furniture and was previously a dollar store and C-Town. Demolition permits were filed by Mahmoud A. Saab in June, and this month, the Middle Village-based owner filed an application to construct a new building, YIMBY first reported. The new building will be 45,952 square feet with 38,916 square feet reserved for 50 units and 7,036 square feet for commercial space, according to plans filed with the Department of Buildings. A laundry room and recreation space will be located on the cellar and two retail spaces will be constructed on the ground floor. The apartments will be housed on floors two through seven. According to PropertyShark, Saab has been the owner of the building since 1991. He is enlisting Matt Markowitz Architects to design the property. “We look forward to their grand opening in 2017.” Neighboring areas like Astoria and Sunnyside have several Rite Aid and CVS Pharmacies while Long Island City currently has none. There is a Duane Reade on 5th Street and most of the pharmacies in the neighborhood such as Nature’s Prescriptions and Vernon Boulevard Pharmacy are independently owned. Flickr/Mike Mozart
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