Affordable housing complex to replace Flushing parking lot

New York /
May.May 25, 2012 02:00 PM

After closing on a $49.6 million loan, BRP Companies and the Macedonia African Methodist Episcopal Church will move forward with a Flushing, Queens, affordable housing project, Crain’s reported. The complex, dubbed Macedonia Plaza, will rise on the site of a Union Street municipal parking lot.

The site previously came under opposition from the community, who claimed the closing of the parking lot, located at 37-08 Union Street, would eliminate needed parking for local business and merchant clients who can’t always find street parking.

The housing development will rise 14 stories and will contain 143 units. It will include 6,287 square feet of retail, as well as 2,767 square feet of community space. Macedonia Plaza is part of the city’s New Housing Marketplace Plan, a project geared to spur and preserve development of subsidized housing, and is slated to be complete in the spring of 2014.

As previously reported, a project to upgrade Flushing’s Long Island Rail Road station at Main Street was put on the backburner to help Macedonia Plaza move ahead. [Crain’s] 


Related Articles

arrow_forward_ios
Alchemy ABR’s Kenneth Horn and Brian Ray, Cain's Jonathan Goldstein and Calvary Baptist Church (Google Maps, Getty)
Alchemy-ABR nabs $250M loan for spec office tower project
Alchemy-ABR nabs $250M loan for spec office tower project
Calvary Baptist Church and the Salisbury Hotel at 123-141 West 57th Street with Alchemy principal Ken Horn (right) and Cain senior managing director Eric Poretsky (Google Maps, Alchemy, Cain)
Alchemy-ABR closes on stalled deal for Billionaires’ Row office building
Alchemy-ABR closes on stalled deal for Billionaires’ Row office building
Meredith Marshall (Photo by Emily Assiran)
“We need more housing”: Q&A with BRP Companies’ Meredith Marshall
“We need more housing”: Q&A with BRP Companies’ Meredith Marshall
BRP Companies’ CEOs Geoff Flournoy and Meredith Marshall with an aerial 270 Nostrand Avenue in Bed-Stuy (Photos via BRP; Google Maps)
BRP Companies seeks rezoning for huge Bed-Stuy development
BRP Companies seeks rezoning for huge Bed-Stuy development
Watch BRP Companies’ Meredith Marshall on Coffee Talk
BRP’s Meredith Marshall: “We get the story wrong in New York”
BRP’s Meredith Marshall: “We get the story wrong in New York”
(iStock)
Yes in God’s Backyard: How building affordable housing could be a lifeline for churches
Yes in God’s Backyard: How building affordable housing could be a lifeline for churches
42-46 2nd Avenue (Credit: Google Maps)
LA real estate firm buys shuttered church site for $40M
LA real estate firm buys shuttered church site for $40M
Rendering of La Central (Courtesy of FXCollaborative)
Here are the details on the next building in the Bronx’s La Central development
Here are the details on the next building in the Bronx’s La Central development
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...