Merchants Capital recently secured funding to redevelop a historic hospital structure in Jamaica, Queens into low-income and supportive housing. The announced funding package amounts to $21 million in the form of a Freddie Mac unfunded forward Low-Income Housing Tax Credit (LIHTC) cash loan on behalf of private affordable housing developer Dunn Development Corp.
Shorewood Real Estate Group recently celebrated the commencement of construction at 160-05 Archer Avenue, a 24-story mixed-use development in Jamaica, Queens. Designed by Hill West Architects, the building will officially debut as One Archer Avenue.
Permits have been filed for a 12-story mixed-use building at 159-29 90th Avenue in Jamaica, Queens. Located between Parsons Boulevard and 160th Street, the lot is near the Parson Boulevard subway station serviced by the E and F trains, and the Jamaica Center-Parsons/Archer station serviced by the E and J trains. KD Sagamore Capital is listed as the owner behind the applications.
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.
Governor Andrew Cuomo has announced a call for ideas in the redevelopment of John F. Kennedy International Airport. The invitation for a request for information by the Port Authority of New York and New Jersey is for the design and development of JFK Central, a roughly 14-acre, mixed-use space within the complex. This is the latest step in Governor Cuomo’s $13-billion plan for the redesign of JFK, which includes two new international terminals with modern passenger amenities, user-friendly ground transportation options, and improved roadway infrastructure to accommodate a projected increase of at least 15 million passengers per year.