Developer behind Bedford Union Armory bringing 21-story rental tower to Jamaica

The company jointly owns 153-19 Jamaica Avenue with the NYC Partnership Housing Development Fund

TRD New York /
Aug.August 10, 2018 03:30 PM

153-19 Jamaica Avenue in Queens (Credit: Google Maps)

A joint venture between affordable housing developer BFC Partners and the NYC Partnership Housing Development Fund filed permits for a 21-story, 139-unit rental complex in Downtown Jamaica.

Plans for the site, at 153-19 Jamaica Avenue, call for a 104,300-square-foot structure on a 13,000-square-foot lot, according to permits filed with the city’s Department of Buildings on Friday. The development would be split between 99,100 square feet of residential space and 5,200 square feet of commercial space. Planned amenities include a tenant lounge, a laundry room and a gym. There will also be retail on the ground floor and a leasing office on the second floor.

The project builds on BFC’s portfolio of large residential developments. The company is behind the massive Bedford Union Armory project, which is expected to contain 400 rental units once it’s completed. BFC filed plans for the second residential building in the complex, a 60-unit building on President Street, last June.

The company, along with partners L+M Development, Taconic Investment Partners and Goldman Sachs, is also building a 14-story mixed-use building at 202 Broome Street in the Lower East Side. The property, part of the Essex Crossing complex, will contain 83 condo units at its upper floors.

The joint venture acquired the Jamaica property for $12.3 million. The proposed structure, which would stand 222 feet tall, will replace a two-story retail building. Demolition permits have yet to be filed.

BFC did not immediately respond to request for comment.


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

Keeping lawns freshly cut and outdoor spaces in tip-top shape could result in greater rewards for sellers. (Credit: iStock, IMDB)

Curb your enthusiasm: Homes with spruced-up outsides sell at premium

Elsa Segura (left) was arrested in connection to realtor Monique Baugh's (right) murder (Credit: iStock)

Second suspect charged in real estate agent’s abduction, murder

Clockwise from top left: John Gomes, Ronita Kalra, Eric Beniam and McKenzie Ryan (Credit: Getty Images, iStock, Wikipedia)

“We’re putting ourselves in situations where anything is possible”: Real estate agent’s killing rattles industry

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts

Clockwise from top left: 730 Fifth Avenue, Unit #PH21; 730 Fifth Avenue, Unit #18A; The Pierre, Unit #3101; and The Park Imperial, Unit #64

Priciest homes listed last week include $60M pad at Crown Building

arrow_forward_ios
Loading...