Edgemere

Arial rendering of Arvene East - Bernheimer Architecture; Local Office Landscape & Urban Design

Developers Secure $44.7M to Complete Infrastructure Improvement Project in Arverne, Queens

L+M Development Partners, Bluestone Organization, and Triangle Equities have closed on $44.66 million in financing to complete a major infrastructure improvement project in Arverne, Queens, a small coastal neighborhood on the Rockaway Peninsula. The financing will cover the reconstruction of Edgemere Avenue between Beach 32nd and Beach 38th Streets, critical infrastructure improvements to the surrounding neighborhood, and the completion of Arverne East, a 1,650-unit master-planned community.

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Aerial view of Beach Dunes III at 331 Beach 35th Street - Bernheimer Architecture

Developers Secure $95.7M for Beach Green Dunes III at 331 Beach 35th Street in Far Rockaway, Queens

L+M Development Partners, Triangle Equities, and The Bluestone Organization have closed on a $95.7 million loan to complete Beach Dunes III, a mixed-use affordable housing property on the border of Edgemere and Far Rockaway in Queens. Located at 331 Beach 35th Street, the building will include 146 mixed-income apartments, 2,100 square feet of commercial space, and a 1,160-square-foot community center.

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