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Key Food at corner of Queens Blvd/Yellowstone to be demolished, to be replaced by 11-story rental building

June 29, 2017 By Christian Murray

A large real estate development company filed demolition permits last week to bulldoze Key Food, located on the corner of Queens Boulevard and Yellowstone Blvd.

The owner listed as David Schwartz of Slate Property Group plans to demolish the one-story building, which has multiple addresses such as 105-02 Queens Boulevard, 105-25 Gerard Place and 69-65 Yellowstone Boulevard.

Schwartz filed his demolition permit on June 23. The filing did not list what might replace the building.

Schwartz had no immediate comment.

However, hours later, the Real Deal reported that Schwartz had notified the publication that he planned to build an 11-story, 170-unit rental building.

The new building is expected to hold nearly 40,000 square feet of retail, across the ground floor and lower level, the Real Deal reported.

Slate plans to file for building permits in the next couple months and break ground by next summer, reports the Real Deal. The building, to be designed by Aufgang Architects, is slated to be finished by 2020.

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