About 500,000 square feet of new mixed-used housing is expected in Downtown Jamaica.
The Greater Jamaica Development Corp. announced Oct. 23 that it has entered into a more than $200 million joint-venture partnership with real estate developers Gotham Organization, Monadnock Development and Moses Sole Realty to transform its underutilized parking garage, located on 90th Avenue from Parsons Boulevard to 160th Street, into two 14-story buildings, called Arras, which means rich tapestry in French.
If a majority of the City Council votes later this month to approve the Jamaica Neighborhood Plan, the 230-block rezoning initiative to transform the downtown region and nearby corridors, it will allow for Arras to be the first-ever condo opportunity in the area.
“For decades, there has been subs

Queens Chronicle

New York Post
Gothamist
AlterNet
Raw Story
SpoilerTV