Affordable housing

Queens Plaza Park, aka Sven, Passes the Halfway Mark in Long Island City

Queens Plaza Park, aka Sven, is the 25th building on our annual countdown of the tallest projects underway in New York. Construction has passed the halfway point on the 755-foot-tall residential skyscraper, which is located at 27-29 Queens Plaza North in Long Island City. Meanwhile, the curved reflective glass curtain wall is rapidly ascending the 67-story reinforced concrete superstructure. Handel Architects is the designer and The Durst Organization is the developer of the project, which is also addressed as 29-37 41st AvenueSelldorf Architects is the interior designer.

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T Building (Merchants Capital / Dunn Development Corp.)

Merchants Capital to Redevelop Former Triboro Hospital Into Supportive Housing in Jamaica, Queens

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.

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