90Ninety Update 07/06/22

Developer Secures $378M Loan for Jamaica Mixed-Use Project

Developer, , has just obtained a $378 million loan for a vast, 12-story mixed-use project, currently underway at 90-02 168th Street in Jamaica, Queens. Issued by Basis Investment Group, this influx of capital will be used to fund all construction costs from start to finish.

Soon to be known as "90Ninety", the sprawling development will contain  rental apartments, offered in offered in studio, one, and two-bedroom configurations. While most of these will be sold at market rate, approximately units are to be set aside for affordable housing programs.

The building will have several tenant amenities including a fitness center, a large rooftop deck, a central outdoor courtyard, co-working areas, residential lounges, a basketball court, a children’s playroom, green spaces, and dedicated pet facilities.

In addition to residential space, the structure will offer square feet of retail space on the ground floor, as well as 5,048 square feet of community facility space. Plans also call for an enclosed parking garage with enough room for vehicles.

Designed by , 90Ninety will stand feet tall and total square feet. Replacing a 2.3-acre parking lot, it will sit directly across the street from the NYPD's 103rd Precinct.

General contractor, , just recently began construction in May. The build is expected to take until the fall of 2025 to fully complete.  also mentions that the team is looking to implement co-generation power as well as grey-and-black-water recycling solutions throughout the project site.

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