Feb. 12, 2018 By Nathaly Pesantez
Demolition permits have been filed for a Woodside building on a block that is reportedly shaping up to see a massive mixed-use development in the future.
The permits were filed on Feb. 8 for the one-story building at 69-20 Queens Blvd., the site of La Hacienda, a now-defunct Mexican restaurant.
The property is owned by Madison Realty Capital, a real estate management firm based in Manhattan, records show. The group also owns the vacant lot adjacent to the restaurant, which was the site of a Gulf Oil gas station until 2015.
The recently-filed demolition permits follow a 2016 report by The Real Deal that said the firm was working to buy nearly all the properties on the block, bordered by 69th and 70th Streets and by Queens Boulevard and 47th Avenue, that would render roughly 358,000 buildable square-feet for a mixed-use development.
Out of five properties Madison Realty Capital was eyeing to purchase in 2016, the company has since acquired two—the restaurant set for demolition, and the gas station site at 69-02 Queens Blvd., records show.
The remaining three parcels, a cultural center at 69-23 47th Ave., and properties at 46-12 60th St. and 69-39 47th Ave., have not been acquired by Madison Realty Capital to date, according to records.
The group, according to the 2016 article, plans to go through the ULURP process to get their vision of a mixed-use development in place once all the properties are bought.
Madison Realty Capital did not respond to questions about the demolition nor their reported plans for the Woodside/Elmhurst site.
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