ShopFair Supermarkets will soon debut at Edgemere Commons, an 11-building affordable housing complex currently under construction in Edgemere, Queens. The new supermarket will comprise more than 27,000 square feet and is expected to open in spring 2024.
A new rendering has been revealed for 160-14 Hillside Avenue, a seven-story residential building in Jamaica, Queens. Designed by ARC Architecture + Design Studio and developed by A&R Properties Group, the structure will span 40,000 square feet and yield 44 units and 3,500 square feet of ground-floor retail space. The property is located at the corner of Hillside Avenue and 161st Street, near the MTA’s Parsons Boulevard subway station.
NineDot Energy, one of the leading developers of community-accessible clean energy projects in the New York City region, has secured an $85 million loan for 11 new projects in The Bronx, Staten Island, Queens, and Long Island. The funding supports the completion of battery storage facilities that will provide sources of redundant, clean energy to existing grid infrastructure during peak demand, which helps avoid costly outages and unexpected service interruptions.
SB Development and Hazelton Capital Group have secured a $62 million loan to facilitate the completion of Nova, an 86-unit condominium tower at 41-05 29th Street in Long Island City, Queens. Designed by Fogarty Finger, the residential collection will range from studios up to three-bedroom layouts, with no more than five units per floor. The loan was provided by Northwind Group, a Manhattan-based real estate private equity firm.
At number 21 on YIMBY’s year-end countdown of the tallest projects underway in the city is Gotham Point’s north tower, a 57-story residential skyscraper at 1-15 57th Avenue in Hunters Point South, Queens. Designed by Handel Architects and developed by Gotham Organization and Riseboro Community Partnership, the 559-foot-tall structure will yield 692 rental units and is also known as Parcel F in a two-tower master plan alongside the 33-story, 443-foot-tall Parcel G. The property is bound by Center Boulevard to the north, 56th Avenue to the east, and 57th Avenue to the west.
