Queens


Rendering of Archer Towers at 163-05 Archer Avenue (Photos courtesy of Studio V Architecture)

BRP Companies, JLL Partner to Finance Construction of Archer Towers in Jamaica, Queens

BRP Companies has selected JLL Capital Markets as its partner in a joint venture equity agreement to finance the construction of Archers Towers in Jamaica, Queens. The project is valued at $286 million and will yield 605 rental units and a mix of residential amenities. Located at 163-05 Archer Avenue, the development will top out at 24 stories and comprise a total of 540,000 square feet. The residential component will be divided into 424 market-rate apartments and 181 mixed-income units. At this time, the specific income requirements or restrictions for the mixed-income units has not been revealed.

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Construction Wraps Up on The Cove, At 43-12 Hunter Street In Long Island City

The Cove at 43-12 Hunter Street sits in the middle of Long Island City, Queens. The detailed grey-colored curtain wall of windows and metal panels cover the entire 18-story, reinforced concrete edifice. Right now the final touches remain on the ground-floor envelope, sidewalk, and interiors. SLCE Architects is the designer of the building and Slade Architecture is in charge of the interior design. Rockrose Development is the developer of the triangular site, which was previously purchased for $1 million back in 2006. The Cove will yield 123 rental units with 37 units being affordable homes, or roughly 30 percent of the total inventory.

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