News

Construction has been completed on the North Tower of the Gotham Point residential development in Hunters Point South, Queens, according to New York YIMBY. When completed, Gotham Point will provide 1,132 new rental units, 75% of which will be affordable housing with age-restricted homes for seniors with Area Median Incomes (AMIs) between $15,806 and $85,920. Gotham Point will also feature a 1,100-set intermediate high school and a five-acre waterfront park. More details and construction photos are available on the New York YIMBY website.

Non-profit organization Breaking Ground has closed on a $140 million deal for an affordable senior housing development in Jamaica, Queens. As reported in Crain’s New York Business, the 15-story building will span 151,000 square feet at 97-10 Sutphin Boulevard and will provide 173 units of housing for seniors at or below 50% of Area Median Income (AMI); 30% will be reserved for individuals currently experiencing homelessness. The development also will include an ambulatory health facility. HSE served as deal counsel.