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 Article

arrow_forward_ios

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

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Rent reform is propelling a new wave of New York and California investors to Miami (Credit: iStock)

Rent reform in New York, California propels new wave of multifamily investors to Miami

Aggressive iBuyer Opendoor acquires title and escrow company

Here are 5 takeaways from TRD’s deep dive into Eklund-Gomes’ national expansion

Nashville broker posts oral sex selfie alongside kitchen and pool listing pics

From left: Rory Golod, Robert Reffkin and 1328 Fulton Street (Credit: Google Maps)

Compass is growing rapidly in UWS and Brooklyn

Elevated risk: Malfunction at NYCHA is putting public housing residents at greater risk of being injured in its elevators

arrow_forward_ios