Queens


T Building (Merchants Capital / Dunn Development Corp.)

Merchants Capital to Redevelop Former Triboro Hospital Into Supportive Housing in Jamaica, Queens

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.

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YIMBY Checks Out the Views From Skyline Tower, Queens’ Tallest Skyscraper, in Long Island City

YIMBY recently went on a hard hat tour of Skyline Tower, aka 23-15 44th Drive, which has made a dramatic impact on the rapidly growing skyline of Long Island City. The reinforced concrete superstructure stands topped out at 778 feet tall and is currently the tallest skyscraper in Queens and the outer boroughs. The 67-story residential tower is designed by Hill West Architects and developed by United Construction & Development Group, FSA Capital, and Risland US Holdings LLC. Modern Spaces is the exclusive marketing and sales agency for the 802 residences, which are designed by Whitehall Interiors and will range in price from $500,000 to $4 million.

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