Dec. 18, 2023 By Bill Parry The city announced Monday that it has closed a deal with developer Slate Property Group and the nonprofit RiseBoro Community Partnership to convert the shuttered JFK Hilton Hotel in South Jamaica into 318 apartments of permanently affordable housing for low-income and formerly homeless New Yorkers. Construction on the project…
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Jul. 6, 2023 By Julia Moro Slate Property Group recently purchased a 296-unit complex in Corona with plans to renovate the roofing and solar panels, as well as make kitchen and bathroom apartment upgrades, all while making the buildings more affordable. The affordable housing program at 54-09 and 54-39 100th St. in Corona was expiring,…
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Jun. 22, 2023 By Carlotta Mohamed Queens Borough President Donovan Richards is calling on all levels of government to make affordable housing and the overall livability of New York City its top priorities after the Rent Guidelines Board (RGB) voted on Wednesday, June 21, to authorize increases on rent-stabilized apartments across the five boroughs. Demonstrators…
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May 5, 2023 By Michael Dorgan A fully affordable housing complex for low-income families and the formerly homeless has opened in Astoria — and officials including Mayor Eric Adams held a ribbon-cutting ceremony to mark the occasion on Wednesday, May 3. The new development, located at 3-24 27th Ave., is situated on a former parking… Read more »
March 3, 2023 By Michael Dorgan The two developers behind a 354-unit residential building in Astoria have secured a loan to finish constructing the project. The developers, Silverstein Properties and Cantor Fitzgerald, announced Wednesday, March 1, that the joint venture arranged a loan of $165 million from Banco Inbursa — a financial firm based in… Read more »
Jan. 30, 2023 By Michael Dorgan The Gotham Organization has announced that it has started leasing market-rate units in the largest of its two residential towers that have recently gone up on the Long Island City waterfront. The building, a 56-story complex known as the North Tower, forms part of the Gotham Point development and… Read more »