Omni New York envisions big mixed-use project in Jamaica

Project would be 23 stories tall and include 389 apartments

New York /
Aug.August 08, 2017 04:45 PM

Could Jamaica finally be having a moment?

Another large-scale development could be on its way to the Queens neighborhood, and this one would pack nearly 400 apartments over 330,000 square feet.

Omni New York, a firm founded by Eugene Schneur and former New York Mets first baseman Mo Vaughn, filed plans with the Department of Buildings on Tuesday to build a 23-story mixed use project in Jamaica at 92-23 168th Street.

In all, the mixed-use building would span 412,862 square feet. Filings show 389 affordable apartment units over 333,276 square feet, with 61,000 square feet set aside for retail, and 19,000 square feet dedicated for the community.

The EDC tapped Omni to develop the city-owned land through an RFP process it launched in 2015. The site, which is across the street from a Home Depot, contains a two-story parking garage and a small vacant office space, property records show. The NYPD currently uses the garage, and the new project would also include space for officers to park, according to the city.

Transit-rich Jamaica hasn’t seen as much development activity as some other Queens neighborhoods in recent years, but a few sizable projects are in the pipeline. BRP Properties’ $400 million Jamaica Station development, which features 670 affordable apartments across two towers, received crucial financing earlier this year.

And in December, the Chetrit Group landed a $127.5 million loan to redevelop the shuttered Mary Immaculate Hospital. It’s planning a four-building, 324-unit apartment complex.

Other recent deals in Jamaica include Madison Realty Capital’s and Artemis Real Estate Partners’ $78 million purchase of industrial properties at 184-10 and 184-60 Jamaica Avenue and hotel developer Manny Chadha’s plan to convert a car wash at 165-20 Archer Avenue into a Holiday Inn Express with 206 rooms.

(To view more new development projects in Jamaica, click here)


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
 One Union Square South (StreetEasy)

Argentinian firm revealed as buyer of Related’s One Union Square

Argentinian firm revealed as buyer of Related’s One Union Square
Second monthly decline in contract activity signals looming decline in U.S. home sales (iStock)

Pending home sales fall again as prices continue to rise

Pending home sales fall again as prices continue to rise
2544 Valentine Avenue in the Bronx (Photo via Black Bear Capital Partners)

Bronx rent-stabilized multifamily portfolio nabs $186M loan

Bronx rent-stabilized multifamily portfolio nabs $186M loan
CBRE CEO Robert Sulentic (iStock)

CBRE lowers SPAC IPO valuation target to $350M

CBRE lowers SPAC IPO valuation target to $350M
111 Waverly Place and 781 Fifth Avenue (Photos via MAD Nyc; StreetEasy)

Manhattan luxury deals surpass 10-year average over Thanksgiving week

Manhattan luxury deals surpass 10-year average over Thanksgiving week
arrow_forward_ios

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

Loading...