Slate Property Group

Rendering of the next affordable housing property to debut at Edgemere Commons - Courtesy of Aufgang Architects

Edgemere Commons Building B1 Tops Out at 5119 Beach Channel Drive in Far Rockaway, Queens

Construction has topped out on Edgemere Commons’ second all-affordable housing structure at 5119 Beach Channel Drive in Far Rockaway, Queens. Designed by Aufgang Architects and developed by Tishman Speyer’s TS Communities, the company’s affordable housing development platform, and The Arker Companies and Slate Property Group, the 247,000-square-foot structure will yield 237 rental apartments in studio to three-bedroom layouts, with 36 reserved for the formerly homeless, as well as 8,000 square feet of retail space and 7,500 square feet of community facility space. The building, also know as Edgemere Commons Building B1, is situated between Beach 50th and Beach 53rd Streets.

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Affordable Housing Lottery Launches for Edgemere Commons in Far Rockaway, Queens

The affordable housing lottery has launched for Edgemere Commons, a 17-story mixed-use building at 5123 Beach Channel Drive in Far Rockaway, Queens. Designed by Aufgang Architects and developed by The Arker Companies and Slate Property Group, the structure yields 194 affordable apartments, a 23,000-square-foot supermarket, and 133 parking spaces. Available on NYC Housing Connect are 134 units for residents at 30 to 80 percent of the area median income (AMI), ranging in eligible income from $24,480 to $154,080.

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The Yellowstone, courtesy of Aufgang Architects

Developers Secure Refinancing for The Yellowstone at 69-65 Yellowstone Boulevard in Forest Hills, Queens

Slate Property Group, in collaboration with Grobman Gross Properties, has finalized a $97 million refinancing deal for The Yellowstone, a recently completed 11-story residential building at 69-65 Yellowstone Boulevard in Forest Hills, Queens. The refinancing, which will be provided by Apollo Global Real Estate Management L.P., will be used to settle the building’s existing debts and support its financial structure.

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Render of 26-01 4th Street, courtesy of Lu Ning Architecture

Developer Secures Bridge Loan to Complete 26-01 4th Street In Astoria, Queens

Developers have secured a $60.25 million bridge loan to complete construction on 26-01 4th Street, a 13-story residential building in the Hallets Point section of Astoria, Queens. Designed by Lu Ning Architecture and developed by Ming’s Garden Realty LLC, the structure will yield 143 condominium units in studio to two-bedroom layouts, as well as a 40,034-square-foot community facility and 167 parking spaces. New Land Capital arranged the loan from Slate Property Group and LibreMax Capital for the property, which is located at the corner of 4th Street and 26th Avenue.

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