Blumenfeld backs out of 160K sf retail store in Jamaica

Greater Jamaica Development Corporation to issue a request for proposals this spring

TRD New York /
Mar.March 01, 2016 09:00 AM

Blumenfeld Development Group bowed out of the contract to bring a 160,000-square-foot retail store to Jamaica, Queens — which would have been the neighborhood’s first major department store in decades.

A little less than three years ago, Blumenfeld and the Greater Jamaica Development Corporation announced that they had signed an agreement to turn two parking lots at 168th Street, near 90th Avenue, into a store and a parking garage with 550 spaces.

By late 2014, Blumenfeld said it was looking for an anchor tenant for the $50 million retail complex and was talking to several big retailers like Target and BJ’s Wholesale, DNAinfo reported.

However, the contract between the two was recently terminated, Hope Knight, the president of the Greater Jamaica Development Corporation, told DNAinfo.

“There were a number of milestones that had to be met and for various reasons were not able to happen,” she said.

The corporation will issue a new request for proposals this spring.

Blumenfeld spokesperson Raffaela Petrasek told DNAinfo that Greater Jamaica changed the scope of the project and the developer is “waiting to see what is required in the new RFP.”

Last year, the developer increased the size of the complex to 265,000 square feet and would also have affordable housing. Mayor Bill de Blasio’s administration pushed for the inclusion of affordable housing, DNAinfo reported. [DNAinfo]Dusica Sue Malesevic


Related Articles

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

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

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

Blumenfeld Development Group lands $235M refi for East Harlem retail center
Delta inks sublease at Bulova Center in East Elmhurst

Delta inks sublease at Bulova Center in East Elmhurst

Delta inks sublease at Bulova Center in East Elmhurst
A new look at Blumenfeld’s Bjarke Ingels-designed Harlem project

A new look at Blumenfeld’s Bjarke Ingels-designed Harlem project

A new look at Blumenfeld’s Bjarke Ingels-designed Harlem project
Blumenfeld pays $36M for Prusik Group’s stake in Bronx mall

Blumenfeld pays $36M for Prusik Group’s stake in Bronx mall

Blumenfeld pays $36M for Prusik Group’s stake in Bronx mall
Blumenfeld buys $31M Rego Park commercial building

Blumenfeld buys $31M Rego Park commercial building

Blumenfeld buys $31M Rego Park commercial building
41 Great Jones Street

Blumenfeld looks to sell site of proposed Noho condo conversion

Blumenfeld looks to sell site of proposed Noho condo conversion
Questions arise over union labor for East River Plaza project

Questions arise over union labor for East River Plaza project

Questions arise over union labor for East River Plaza project
arrow_forward_ios

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

Loading...