Tishman Speyer’s affordable housing platform, TS Communities, is set to begin construction this month on Edgemere Commons A2, a 100-percent affordable residential building at 337 Beach 52nd Street in Far Rockaway, Queens. The 18-story project will deliver 244 income-restricted apartments and ground-floor retail space, marking the second building in the Edgemere Commons master plan to be developed by TS Communities. Designed by Aufgang Architects, this project will complete the first full block of the broader redevelopment effort.
Edgemere Commons A2 is backed by $166 million in total financing, led by New York State Homes and Community Renewal (HCR). Citi Community Capital will provide a construction period letter of credit, while Hudson Housing Capital will secure an equity investment through the sale of low-income housing tax credits. The building will offer units ranging from studios to three-bedroom apartments for households earning 40 to 80 percent of area median income, with 73 apartments set aside for supportive housing operated by Breaking Ground.
Planned amenities include a resident community room, landscaped outdoor areas, a 14th-floor sky deck with ocean views, supportive service offices, on-site parking, and in-building laundry. The project will also introduce Peninsula Way, a publicly accessible private street that will eventually span multiple blocks of the development site. This building follows the 2024 completion of the first Edgemere Commons structure by Arker Companies and Slate Property Group and will be the third multifamily structure overall at the site, which is slated to include up to 2,050 apartments upon full buildout.
Edgemere Commons A2 will be accessible via the A train at the nearby Beach 44th Street and Beach 60th Street stations, providing connections to the rest of Queens and Manhattan.
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future NYCHA Project.
mix the income and the walks of life or you will have another slum in no time.