The Greater Jamaica Development Corporation announced plans for a $200 million transformative mixed-use development of more than 500,000 square feet in Jamaica . The developer said that the project, dubbed Arras, will create the first ever income based homeownership opportunity, along with more than 300 income-based rental units.

The project will be completed in partnership with Gotham Organization, Monadnock Development and Moses Sole Realty.

According to a news release from the developer, Arras will replace an existing five-level parking garage owned by GJDC on 90th Avenue between Parsons Boulevard and 160th Street. It will include two separate income-based residential buildings: a 14-story building with 72 units priced at market value and another 14-story building with 353 inc

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