Cord Meyer Development broke ground on its new residential community at the Bay Terrace Shopping Center, which the company developed more than 60 years ago. The $100-million-plus development will bring 145 new rental residences to Bayside in two five-story buildings being constructed on currently underutilized upper-level parking areas off 26th Avenue.
“Cord Meyer has been part of Queens for more than 120 years, and we believe strongly in its future,” said Danielle Molaison, VP of Development at Cord Meyer Development. “One of the borough’s most pressing needs is additional housing, and we’re proud to help address that here in Bay Terrace. This is a community where people want to stay, and these new residences will provide more options for those who want to continue calling it home.”
Callahan Construction Managers is serving as general contractor for the project. Callahan also serves as general contractor for 70 Westchester Avenue, Cord Meyer’s 203-unit residential development currently under construction in White Plains.
Vango Development has launched leasing at Parker East, a new five-story luxury rental community bringing 86 residences, indoor and outdoor lifestyle amenities and convenient mass-transit access to 263 Hackensack St. in East Rutherford, NJ. Located 0.2 miles from the Rutherford NJ TRANSIT station, Parker East offers one- and two-bedroom residences priced from $3,250. Immediate occupancy...
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M&T Realty Capital Corporation closed on a $31.9-million bridge loan for Estelle New Haven, a newly constructed 96-unit Class A multifamily community located at 19 Elm St. in downtown New Haven, CT. The financing will support the property’s continued lease-up and stabilization while refinancing existing construction debt. Developed by Eight West, an affiliate of The...
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JLL Capital Markets has arranged $45.75 million in construction financing for 7 Hartwell Ave., a 130-unit ground-up luxury multifamily development located in Lexington, MA due for completion in June 2028. Managing director Anthony Cutone and director Madeline Joyce, along with associates Michael Schwarze and Joe Marinaro, worked on behalf of Dinosaur Capital Partners to secure a...
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