Developer Announces $16.2m Condo Site in Woodside, Queens Former Walgreens Site to Be Repurposed

A parking lot, Walgreens pharmacy store, and mid-rise apartment building in Woodside, Queens, New York
Pic credit: Isabella Burnette, JLL Properties

On June 28th, NYC-based development and construction management firm New Empire Corp announced a new condominium development in Woodside, Queens. Located at 58-01 Queens Boulevard, the $16.2 million, 19,000 square-foot corner development site is currently home to a single-story Walgreens pharmacy.  


Upon its completion, the new development will accommodate up to 120 one- and two-bedroom condo units, along with in-house amenities to include a fitness center, personal storage and parking, children’s playroom, and both indoor and outdoor resident’s lounges. According to a press release, the developers aim to attract both single residents and families “with sweeping views of the New York City skyline,” popular shopping districts, two well-known public schools, and large libraries close by.  


According to New Empire Corp CEO Bentley Zhao, “The acquisition of 58-01 Queens Boulevard and the future development of the site will offer attainable luxury to an already vibrant community.”  


This new Woodside acquisition follows the firm’s activity in Long Island City. Earlier this year, New Empire Corp. acquired a 9,000 sqft development site located at 24-01 Queens Plaza North. The firm is expected to break ground on the 100+ unit condominium development in early 2023. New Empire Corp’s 7-story condominium,  The Neighborly LIC, is also nestled in Long Island City. Notably, the building was recognized as one of New York City’s best-selling properties in 2021 after all 77 residences were sold within a 10-month span during the height of the pandemic.

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