Chetrit plans fifth apartment building at Jamaica hospital site

Project will stand eight stories and have 207 units

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.

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