BY LUIS GRONDA
There could be more residential units coming to Ridgewood.
Applications were filed to demolish three commercial buildings in Ridgewood on Oct. 23, according to records on the Dept. of Buildings website.
Meir Babaev, a managing partner at the Bayside-based AB Capstone, owns all three properties, located at 3-36 St. Nicholas Ave, 3-50 St. Nicholas Ave, and 54-27 Myrtle Ave.
That company specializes in both residential and commercial properties and has completed several projects in Queens and throughout the City in the past, including the 28,000 square-foot shopping center at Union Turnpike and 164th Street in Fresh Meadows and a Walgreens location in Southeast Queens.
When reached by telephone, Babaev said it is not yet known what will be built at the location as demolition has not yet begun and they are early in the process of deciding what to do with the location. He did say it is likely to be turned into a mixed-use property, for both residential and commercial purposes.
Ted Renz, the head of the Myrtle Avenue Business Improvement District, said he has heard that the property could be converted into a residential unit, but also echoed Babaev in saying that it is still early to say for sure.
Renz said this is indicative of the Ridgewood area, which has seen multiple proposed projects for new residential and commercial buildings. This location is particularly attractive for development, according to Renz, because it is located close to the Myrtle-Wyckoff L train subway stop.
According to the Dept. of City Planning’s ZoLa application, the properties all have C4-3 zoning, which is used for regional commercial areas throughout the City.
According to the City agency’s website, areas that are in the C4-2 through C4-5 are “mapped in more densely built areas,” such as Steinway Street in Astoria and parts of Jamaica. As a comparison, an area marked as C4-1 is for larger properties that are in a less dense area and require a large parking lot.
Renz said they have not yet met with Babaev to discuss their plans for the properties but plan to do so in the future. Babaev said the actual demolition of the areas is not expected to begin until next year and they will announce more concrete plans for the property as it becomes available.
Reach Luis Gronda at (718) 357-7400, ext. 127, firstname.lastname@example.org or @luisgronda.