search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountDavid Werner strikes $115M deal to snap up 100 Wall Street at big discountHousing deal critics spin themselves sillyHousing deal critics spin themselves sillyBay Area landlords sue FDIC over rejected First Republic Bank leasesBay Area landlords sue FDIC over rejected First Republic Bank leases
Commercial
New York

Arker Companies begins massive redevelopment of former Queens hospital

2,200 apartments, most of them affordable, are planned

Arker Companies principal Alex Arker and 51-19 Beach Channel Drive in Edgemere (Arker Companies; Google Maps)
Arker Companies principal Alex Arker and 51-19 Beach Channel Drive in Edgemere (Arker Companies; Google Maps)

UPDATE, Sept. 30 2020, 12 p.m.: Arker Companies is moving forward with its plans to build a thousands of apartments at a former hospital site in Queens.

The developer filed a permit application for construction of a 257-unit, 220,478-square-foot mixed-use building at 51-19 Beach Channel Drive in Edgemere, according to PincusCo.

That building will be part of a larger 9.3-acre, 11-building development that’s replacing the former Peninsula Hospital. Arker plans to build about 2,200 new units to the site; nearly 1,900 of those will be affordable.

Arker bought the site with Northeast Brooklyn Housing Development Corporation, which is no longer involved in the project, for $19 million in 2016.

Sign Up for the undefined Newsletter

The building on Beach Channel Drive will be 15 stories tall, and like the rest of the project, will be designed by Aufgang Architects. The whole development is set to be completed by 2034.

Arker is also working with Two Trees Management on a pair of 16-story apartments on New York City Housing Authority land in Boerum Hill, as well as a pair of residential projects in East New York totaling 344 units.

UPDATE: An earlier version of this piece stated that Northeast Brooklyn Housing Development Corporation is still a partner on this project; the firm is no longer involved. 

[PincusCo] — Keith Larsen

Tags
Affordable HousingQueens