The Austin
Update
12/28/23
Developer Lands $71M Loan for Luxury Forest Hills Condo Project
Developer, , has just obtained a $71 million loan for a 7-story, mixed-use development, going up at 78-29 Austin Street in Forest Hills, Queens. Issued by Valley Bank, this influx of capital will be put towards construction costs.
To be known as "The Austin", the building is set to contain luxury condo units.
Tenant amenities are to include a fitness center, a spa, a children's area, a recreation room, a resident lounge, and a roof deck with a swimming pool.
The remainder of the structure will house 40,964 square feet of community facility space, a cellar, and an enclosed parking garage with enough room for vehicles.
Designed by , The Austin will stand feet tall and total square feet. The project site encompasses an area that spans roughly square feet.
