Developer Teddy Li recently secured financial backing from Madison Realty Capital to facilitate completion of a new 240-key Staybridge Suites hotel in Long Island City. Located at 38-59 11th Street, the development will comprise approximately 183,000 square feet and top out at 24 stories.
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.
This week, Related Companies unveiled multiple lighting displays and mural installations located within a mixed-use complex known as The Point LIC in Long Island City, Queens. The development is comprised of public walkways, a landscaped plaza, and two distinct commercial properties known as Paragon and Blanchard.
Developers have revealed new renderings of a rising mixed-use building at 23-20 Jackson Avenue in Long Island City, Queens. The development is designed by KSQ Architects and will top out at nine stories, comprising 85,851 square feet.
Shorewood Real Estate Group recently celebrated the commencement of construction at 160-05 Archer Avenue, a 24-story mixed-use development in Jamaica, Queens. Designed by Hill West Architects, the building will officially debut as One Archer Avenue.
