BRP Companies has selected JLL Capital Markets as its partner in a joint venture equity agreement to finance the construction of Archers Towers in Jamaica, Queens. The project is valued at $286 million and will yield 605 rental units and a mix of residential amenities. Located at 163-05 Archer Avenue, the development will top out at 24 stories and comprise a total of 540,000 square feet. The residential component will be divided into 424 market-rate apartments and 181 mixed-income units. At this time, the specific income requirements or restrictions for the mixed-income units has not been revealed.
Construction has topped out at Caton Flats, a 14-story residential tower in Flatbush, Brooklyn. The structure is located at 800 Flatbush Avenue and will eventually support a community of 255 affordable housing units and revitalize the long-running Flatbush Caton Market with 16,000 square feet of new space for a Caribbean marketplace and an economic development incubator.
Construction is around two-thirds of the way to the parapet at 800 Flatbush Avenue, aka Caton Flats, in Flatbush, Brooklyn. Work has moved along rapidly on the 255-unit affordable housing complex since construction began in May of 2019. The mixed-use development will also house the Flatbush-Caton Market, which originally occupied the site and is temporarily operating a few blocks south at 2184 Clarendon Road. The project is designed by Magnusson Architecture and Planning and developed by the Department of Housing Preservation and Development, the Housing Development Corporation, the Caribbean-American Chamber of Commerce and Industry, and the BRP Companies.
Construction has topped out on two buildings within La Central, a 1.1-million-square-foot development in the South Bronx. Designed in collaboration by MHG Architects, FXCollaborative, and Future Green Studio, the new structures represent the second phase of La Central’s three-phase masterplan.
Permits have been filed for a 24-story mixed-use building at 92-33 Guy R. Brewer Boulevard in Jamaica, Queens. Located between Jamaica Avenue and Archer Avenue, the lot is four blocks east of the Jamaica Center – Parsons/Archer subway station, serviced by the E, J, and Z trains. BRP Companies is listed as the owner behind the applications.