TCX planning 15-story hotel project in Jamaica

Great Neck-based firm's 72-key development the latest in Queens' hotel boom

TRD New York /
Apr.April 21, 2016 01:06 PM

Great Neck-based real estate firm TCX Development is set to contribute to the Queens hotel boom with plans for a new 15-story project in the borough’s Jamaica area.

TCX is looking to erect a 72-key hotel spanning 35,000 square feet at 92-18 150th Street, between Archer and Jamaica avenues. The project will include a 2,000-square-foot rooftop bar and a 1,500-square-foot restaurant, according to TCX partner Joshua Asherian.

While permit applications have yet to be filed with the city’s Department of Buildings, rooms at the hotel will average 250 square feet each, Asherian told the Commercial Observer.

ARC Architecture + Design Studio is designing the brick-and-metal project, while the hotel’s brand has yet to be determined, Asherian said.

TCXTRData LogoTINY, which has developed several existing residential buildings in Jamaica, acquired the site – which previously held a one-story commercial building that has since been demolished — for $1.7 million last August, according to city property records.

The Jamiaca neighborhood has attracted several new hotel developments in the last year due to the area’s proximity to John F. Kennedy International Airport and transit lines like the Long Island Rail Road.

But Queens at large has also experienced a hotel boom in that time, with dozens of new projects in the pipeline and neighborhoods like Long Island City also seeing an influx of planned hotel developments.

The Real Deal reported this week that the city-wide hotel boom appears to be at the end of its cycle[CO]Rey Mashayekhi

Related Article

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

Meredith Marshall, co-founder of BRP Companies and 163-05 Archer Avenue in Queens (Credit: Marshall by Emily Assiran and Agorafy)

BRP is bringing another apartment complex to Jamaica

Mensur Cekic, Hudson Yards’ director of residences

From private tutors to meditation sessions, inside NYC’s new amenities battle

Lightstone Group CEO David Lichtenstein and Moxy Chelsea at 105 W 28th Street (Credit: Lightstone and Facebook)

Lightstone gave its neighbors $7M to build a hotel. Then the neighbors secretly went to war, suit claims.

Among Brooklyn's priciest spots is DUMBO; pictured is the neighborhood's Main Street Park (Credit: iStock)

Why fewer Brooklyn and Queens tenants are moving

37-05 Parsons Boulevard (Credit: Google Maps, iStock)

Investor claims fake Queens developers conspired to rob him of $500K

Public defender Tiffany Cabán and Queens Borough President Melinda Katz (Credit: Getty Images)

Queens DA race: Armies of volunteer socialists, national endorsements and radioactive real estate money

The lot at 47-11 90th Street in Queens (Credit: Google Maps)

For sale: Vacant lot in Queens that is home to an African-American burial ground