The New York City Council has officially signed off on the Adams administration’s Jamaica Neighborhood Plan. Covering nearly 230 blocks in this Queens neighborhood, the plan calls for the development of 12,000 new residential units, including 4,000 affordable units.
“With the historic passage of our administration’s ‘Jamaica Neighborhood Plan,’ we have opened the door to thousands of new homes, thousands of new jobs, and delivered hundreds of millions of dollars for new infrastructure,” said Mayor Eric Adams.
Added Carlo A. Scissura, president and CEO, New York Building Congress, “This is how you keep a neighborhood strong: you build housing people can actually afford, you make room for local business to grow, and you deliver real public investment on the ground in Jamaica.”
To make sure the community remains involved in the Jamaica Neighborhood Plan’s implementation, an independent Downtown Jamaica Oversight Task Force will be convened by the City Council.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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