Related Companies planning two new buildings in Far Rockaway

Projects total 198 units

New York /
Oct.October 13, 2017 04:45 PM

Related Companies is planning to construct two new buildings in Far Rockaway, according to the office of Councilmember Donovan Richards.

The buildings would be located on a pair of sites by the corner of Mott Avenue and Gateway Boulevard, right by Related’s Gateway Apartments, a Section 8 development consisting of 364 units across five buildings. A new affordable housing building with 145 units would be located just north of Gateway, while a supportive housing building with 53 units would be located just south of Gateway.

The affordable housing building would also include 8,000 square feet of commercial space, and Related is planning to attach a public children’s playground to the supportive housing building that would be about 5,500 square feet.

Construction on the projects has not started yet, and Richards’ office did not have an estimate for when it would commence. Related did not immediately respond to a request for comment.

The City Council recently voted unanimously to rezone Far Rockaway, a $288 million initiative meant to bring more than 3,000 residential units to the neighborhood. On city-owned land, all units would be affordable.

A 149-unit mixed-use project from the Marcal Group is also on its way to the neighborhood, and MDG Design + Construction recently signed a 99-year $109 million lease for a city-owned complex on Beach 54th Street.


Related Articles

arrow_forward_ios
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)

Related is the latest developer to target the Rockaways

Related is the latest developer to target the Rockaways
(Photo illustration by The Real Deal)

This office redeveloper is going all in

This office redeveloper is going all in
Clare Newman with Governors Island (Credit: Governors Island, Getty Images)

Governors Island redevelopment opposed as excessive

Governors Island redevelopment opposed as excessive
Union Square Park to gain 2 acres in $100M plan (Getty_

Union Square Park to gain 2 acres in $100M plan

Union Square Park to gain 2 acres in $100M plan
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
TF Cornerstone President Frederick Elghanayan with 2-10 54th Avenue and 55-01 Second Street in Long Island City (Google Maps)

The 10 biggest new project filings in NYC

The 10 biggest new project filings in NYC
Neil Shekhter (Shekhter by Kevin Scanlon; iStock)

Santa Monica mega-portfolio officially hits market

Santa Monica mega-portfolio officially hits market
A rendering of 250 Water Street and Howard Hughes Corporation CEO David O'Reilly (SOM; Getty; iStock)

Howard Hughes’ Seaport project dealt major blow

Howard Hughes’ Seaport project dealt major blow
arrow_forward_ios

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

Loading...