Developers Close On $125 Million Loan For 70–28 Grand Central Parkway in Forest Hills, Queens
Naftali Credit Partners and Madison Realty Capital have closed on a $125 million loan to develop 70–28 Grand Central Parkway, a 13-story residential building in Forest Hills, Queens. Designed by SLCE Architects, the 252,399-square-foot structure will yield 241 condominium units in studio to three-bedroom layouts. The project will also include a 100-vehicle parking garage and a collection of amenities. The 32,000-square-foot development site is located to the west of Grand Central Parkway between Jewel Avenue and 72nd Road.





