Parcel U | Forest Hills
Update
03/09/16
Parcel U construction start expected in five months
A deed was recorded today in the Suffolk County Registry of Deeds transferring the Parcel U approved development site from JP Parcel U Phase 1, LLC to Parcel U Phase A LLC for $1. Both limited liability companies are registered to Urbanica, who is the developer, design manager and contractor of the Parcel U project.
A representative of Urbanica was available for comment. Today's deed was in order to bring a partnership together for investment and financing; Urbanica is raising capital for the Parcel U project. The project is expected to start construction in five months; shovels should be in the ground by early fall 2016. The project will be built in three phases. Today's deed is posted below:
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