Queens

Housing Lottery Launches for 94-50 45th Avenue in Elmhurst, Queens

The affordable housing lottery has launched for 94-50 45th Avenue, a four-story residential building in Elmhurst, Queens. Designed by An Shen Ma Architect and developed by Liyi L. Zhu for 50 Junction Realty LLC, the structure yields seven residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $84,343 to $198,250.

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Housing Lottery Launches for Ways Reef Apartments at 26-19 2nd Street in Astoria, Queens

The affordable housing lottery has launched for Ways Reef Apartments, a six-story mixed-use building at 26-19 2nd Street in Astoria, Queens. Designed by Anthony Diproperzio AIA and developed by Daniela Development Co., the structure yields 25 residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,715 to $198,250.

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Rendering of 28-90 Review Avenue - Courtesy of Innovo Property Group; KSS Architects

JLL Arranges $354M Total Capitalization for Industrial Project at 28-90 Review Avenue in Long Island City, Queens

Innovo Property Group, represented by JLL Capital Markets, has secured $354 million in financing to complete a new industrial development at 28-90 Review Avenue in Long Island City, Queens. Total capitalization includes multiple financial packages for acquisition, construction, and development costs provided by Axos Bank, Cerberus Capital Management, and Goldman Sachs Asset Management’s Urban Investment Group.

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Construction Rises at 98-14 66th Avenue in Rego Park, Queens

Construction is moving along on 98-14 66th Avenue, a seven-story mixed-use building in Rego Park, Queens. Designed by SLCE Architects and developed by RJ Capital Holdings, the 85-foot-tall structure will span 82,425 square feet and yield 62 units with an average span of 1,075 square feet, as well as 15,741 square feet of commercial space. KSK Construction Group is the general contractor for the property, which is bound by 99th Street to the northeast, 66th Avenue to the northwest, and Queens Boulevard to the southwest.

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