Tag: real-estate-newsletter

Eastern Queens elected officials announce revisions to Creedmoor Campus mixed-use project

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Aug. 12, 2025 By Bill Parry Eastern Queens elected officials announced last week that an agreement has been reached with Empire State Development (ESD) on a revised Creedmoor Mixed-Use Redevelopment Project that will significantly reduce density. The new plan responds to community feedback by proposing a 27% reduction in housing unit square footage and…

Op-ed | Metropolitan Park puts community first

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Aug. 12, 2025 By Kenny Cohen II My grandparents moved to Flushing in 1951, shortly after my dad was born, and my family has proudly called Flushing, and Queens, our home ever since. Yet the borough we love has long been underserved when it comes to good local jobs and opportunities. The result has…

Rents soared in Queens in July 2025 from previous year: report

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Aug. 11, 2025 By Ethan Marshall After the average cost of rent in Queens exceeded $3,000 in June 2025, the number continued to rise in July, with average rents increasing across the board among studios, one-bedroom and two-bedroom units in the borough, according to a report by M.N.S Real Estate. The average rent in…

Construction completed on Far Rockaway apartment complex with 147 affordable units

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Aug. 6, 2025 By Ethan Marshall Construction has wrapped up for Robert C. Wood Apartments, an 8-story affordable and supportive housing complex with 147 residences at 18-26 Redfern Ave. in Far Rockaway. All 147 units will be permanently affordable. Additionally, the property also has a 100-bed women’s shelter, known as the Wanda Patterson Women’s…

Elected officials and tenants protest against alleged ‘displacement tactics’ at Glendale’s Clover Place

Assembly Member Jenifer Rajkumar speaks at Saturday's rally outside 56-21 Clover Pl. Also pictured: Assembly Member Maritza Dávila. Phot: Ramy Mahmoud.

Aug. 4, 2025 By Shane O’Brien Tenants and elected officials gathered in Glendale Saturday afternoon to protest against what they described as “displacement tactics” enforced by the landlord of three residential buildings on Clover Place — accusations which the landlord strongly denies. Residents at 56-07, 56-11 and 56-21 Clover Pl. have accused the building’s…

$60.5 million loan secured for acquisition and preservation of Ocean Park Apartments affordable housing community in Far Rockaway

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Jul. 29, 2025 By Ethan Marshall The financial services provider Merchants Capital announced it has secured a $60.5 million balance sheet acquisition loan from Merchants Bank to finance the real estate developer Tredway’s purchase and preservation of Ocean Park Apartments, an affordable housing development with 602 units at 1-25 Beach 17th St. in Far…

Borough President recommends approval of OneLIC Neighborhood Plan with conditions

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Jul. 28, 2025 By Bill Parry Queens Borough President Donovan Richards announced on Monday a long list of recommendations to approve the city’s OneLIC Neighborhood Plan with conditions. The sweeping proposal entered the city’s Uniform Land Use Review Procedure (ULURP) in April, following certification by the City Planning Commission, and aims to transform a…

BRP Companies, project partners and elected officials celebrate opening of Ruby Square mixed-use building in Jamaica

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Jul. 25, 2025 By Ethan Marshall The real estate firm BRP Companies, alongside public officials and project partners, celebrated the grand opening of the 614-unit mixed-use building Ruby Square, located at 166-20 90th Ave. in Jamaica, on Wednesday, July 23. The opening of the 12-story, 715,000-square-foot building comes three years after construction first began…