The Greater Jamaica Development Corporation (GJDC) has revealed a major joint venture between BRP Companies and Wharton Properties to purchase and develop a site located at 90-02 168th Street, in Jamaica, Queens. An open-air parking lot will be replaced with a new building totaling over 500,000 square feet, which will also include over 300 residential units, as well as 70,000 square feet of retail space. Perkins Eastman is behind the design.
GJDC’s mission is to address the high demand for housing and shopping in the Jamaica neighborhood. In a press release, Hope Knight, president and CEO of GJDC, said:
Our goal for the development of the site is to facilitate a project that addresses the needs of the community, creates jobs, and brings activity to the eastern part of the district. We are confident that BRP and Wharton will create a project that will support the growing population and volume of daily shoppers that is at an all-time high.
The optimism comes as no surprise for those keeping an eye on Jamaica. GJDC cites the nearly $1 billion of private and public-sector investments in the neighborhood over the past decade, and more than five million square feet of upcoming new development, as reason to declare this period a renaissance.
The project is estimated to break ground in the second half of 2018.
BRP is also responsible for the nearby development at 93-01 Sutphin Boulevard in Jamaica, the largest private development the neighborhood has seen in recent decades. Costing $407 million, the project will yield 773,000 square feet of mixed-use space, 669 mixed-income affordable housing apartment units, and 4,000 construction jobs. That site is expected to open in 2019.