Chetrit plans fifth apartment building at Jamaica hospital site

Project will stand eight stories and have 207 units

New York /
Jan.January 24, 2020 01:00 PM
Joseph Chetrit and 88-20 153rd Street (Credit: Getty Images, Google Maps)

Joseph Chetrit and 88-20 153rd Street (Credit: Getty Images, Google Maps)

The Chetrit Group is planning another major project at its Mary Immaculate Hospital site in Queens.

The company will build an eight-story, 207-unit residential building at 88-20 153rd Street in Jamaica of about 133,000 square feet, according to plans pre-filed with the Department of Buildings Wednesday. The project will stand 80 feet tall.

Chetrit is also planning a four-building, 481-unit complex on the hospital site at 150-13 89th Avenue. The project in Wednesday’s filing will be in addition to that one, not part of it, according to a source familiar with the company. Hill West will design both developments, which are on the same block, a short walk from the Parsons Boulevard subway station serving the E and F lines.

Representatives of the Chetrit Group did not respond to a request for comment.

Chetrit landed $200 million in construction refinancing from Square Mile Capital for the four-building complex in November. It previously received about $127.5 million in construction financing for the deal in 2016 from Bank OZK and Arbor Commercial Mortgage.


Related Articles

arrow_forward_ios
Omni NY's  Maurice "Mo" Vaughn and 92-23 168th Street in Jamaica (Omni, Google Maps)
Omni NY inks indoor playground chain to 33K sf lease in Jamaica
Omni NY inks indoor playground chain to 33K sf lease in Jamaica
(Getty, Winick)
Chetrit Group sells 1231 Third Avenue
Chetrit Group sells 1231 Third Avenue
Owner faces criminal charges in fatal Midtown façade incident
Owner faces criminal charges in fatal Midtown façade incident
Owner faces criminal charges in fatal Midtown façade incident
(iStock)
Drones’ role in facade inspections up in air
Drones’ role in facade inspections up in air
Zara co-managing partner Tony Subraj with renderings of the project (George Subraj Family Foundation, Zara Realty)
Zara lands $83M construction loan for energy-efficient Queens apartments
Zara lands $83M construction loan for energy-efficient Queens apartments
City approves mass timber, basement apartment rules
City approves mass timber, basement apartment rules
City approves mass timber, basement apartment rules
The Chetrit Organization’s Michael Chetrit, Harbor Group International CEO Jordan Slone and 850 Third Avenue (Harbor Group, 850thirdavenue)
Chetrit Org’s 850 Third Avenue heads to foreclosure auction
Chetrit Org’s 850 Third Avenue heads to foreclosure auction
A condo building couldn’t collapse in NYC. Or could it?
A condo building couldn’t collapse in NYC. Or could it?
A condo building couldn’t collapse in NYC. Or could it?
arrow_forward_ios

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

Loading...