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138-45 Jamaica Avenue Update 01/23/23

Dev Obtains $29.25M Loan for 7-Story Jamaica Project

Developer, , has just landed a $29.25 million loan for a 7-story, mixed-use project, going up at 138-45 Jamaica Avenue in Jamaica, Queens. Issued by Bank Hapoalim, this influx of capital will fund all construction costs associated with the new development.

The building is set to contain rental apartments, with square feet of retail space, located on the ground floor.

Plans also call for a rooftop terrace, and an enclosed, cellar-level parking garage, with enough room for vehicles.

Designed by , the structure will stand feet tall and total square feet. Construction is being carried out by general contractor, , and work is expected to finish by the Summer of 2024.

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