East River Plaza developer sets sights on Jamaica retail

TRD New York /
Nov.November 11, 2013 01:34 PM

Community leaders in Jamaica are hoping new developments will draw more tourism and restaurant dollars to the area.

The Blumenfeld Development Group, which built the East River Plaza shopping mall in East Harlem, is planning to build a $50 million, two-story retail project at 90th Avenue and 168th Street, Crain’s reported.

The development will find plenty of company in the neighborhood. Silverstone Property Group is constructing a 14-story, 89-unit rental building on 165th Street, several gyms have recently opened in the neighborhood and the city has issued a request for proposals for a Jamaica Station-centric business incubator.

Additionally, Long Island-based Able Management Group hopes to begin construction next fall on a 24-story hotel that will include 3,700 square feet of retail space and a restaurant.

Some hope the Blumenfeld project will draw more national retailers to the neighborhood. The area near the Jamaica Station transit hub has long been dominated by dollar stores and other small-scale retailers, but it has increasingly captured the eye of developers.

“We don’t need more beauty supplies and nail salons and fast food,” Yvonne Reddick, district manager of Jamaica’s Community Board 12, told Crain’s. “We need quality stores that are going to draw people in to shop.” [Crain’s] — Melvin Backman


Related Articles

arrow_forward_ios
Joseph Chetrit and a rendering of 150-13 89th Avenue (Credit: Getty Images)

Chetrit nabs $200M refi for huge Jamaica project

Renderings and the currrent site at 1080 Leggett Avenue in the Bronx

Goldman, Blumenfeld team up to buy Bronx warehouse for $40M

East River Plaza and Blumenfeld Development Group principal David Blumenfeld (Credit: Wikipedia and Blumenfeld Development Group)

Blumenfeld Development Group lands $235M refi for East Harlem retail center

Jamaica is getting another resi development

Jamaica is getting another resi development

Jamaica resi project lands $67M in loans

Jamaica resi project lands $67M in loans

New 151-key Hilton hotel coming to Jamaica

New 151-key Hilton hotel coming to Jamaica

Mattone puts Jamaica retail complex on the market for $175M

Mattone puts Jamaica retail complex on the market for $175M

Barone Management buys Jamaica sites

Barone Management buys Jamaica sites

arrow_forward_ios
Loading...