Phoenix Realty Group and Artimus Construction have acquired a 52-year ground lease for the development site at 147-07 94th Avenue in downtown Jamaica. The property was valued at roughly $34 million, and the development teams plan to build a mixed-use project with residential units and commercial-retail space. The residential units will be a mix of market-rate and affordable apartments.
A rendering has been posted at the site of the nine-story, 48-key hotel planned at 145-07 95th Avenue in downtown Jamaica. Since YIMBY reported on the project’s initial filings in June 2015, the Buildings Department has approved the plans, which call for a 23,389-square-foot structure that will rise 84 feet above street level to its roof, not including the bulkhead.
Downtown Jamaica is getting ready for its renaissance. YIMBY spotted plans for a new mid-rise near Rufus King Park last week, and now another project has emerged two blocks east, near the Parsons Boulevard stop on the E and F trains. The latest development is headed to 153-33 89th Avenue, between Burdette Place and Parsons Boulevard.
It was revealed in March that plans for a commercial-retail complex at 90-02 168th Street, in downtown Jamaica, had been abandoned, and that the Greater Jamaica Development Corporation (GJDC) would be releasing an updated request for proposals (RFP) for the site. An updated RFP is now available, DNAinfo reported. The GJDC is seeking a team to build a mixed-use project that would include roughly 75,000 square feet of retail space and at least 250 residential units. Between 10 to 20 percent of the apartments would be set aside for artists. A larger portion, which includes some (or possibly all) of the artists’ units, will be designated as affordable, renting at below-market rates through a lottery. Overall, the vacant, 99,500-square-foot site could accommodate up to 497,500 square feet of mixed-use development. Applications for the RFP are due December 2nd, and the project should be complete by 2019.
Nine years after the Bloomberg administration rezoned Jamaica, Queens, new construction is finally starting to appear in the neighborhood. The latest project to add to the list is coming to 148-36 89th Avenue, close to several train lines and the Long Island Rail Road stop at Jamaica.
