Commercial


The Kira at 153-19 Jamaica Avenue

The Kira Affordable Housing Project Debuts at 153-19 Jamaica Avenue in Jamaica, Queens

Construction is complete on The Kira, a 139-unit affordable and supportive housing project at 153-19 Jamaica Avenue in Jamaica, Queens. Designed by GF55 Partners and developed by New Destiny Housing, BFC Partners, and SMJ Development, the 21-story mixed-use building houses a mix of rental apartments, a 5,000-square-foot retail space on the ground floor, and on-site supportive services.

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Aerial rendering of 540 DeGraw Street - Handel Architects

Developers Close on $140M Loan to Complete Majestic at 540 DeGraw Street in Gowanus, Brooklyn

JLL Capital Markets has arranged a $142 million construction loan to finance the completion of Majestic, a 12-story mixed-use building at 540 DeGraw Street in Gowanus, Brooklyn. Designed by Handel Architects and developed by Domain Companies, the Urban Investment Group within Goldman Sachs Asset Management, Vorea Group and Mega Development, the building will yield 18,000 square feet of commercial space and 255 rental units. A total 25 percent of the units will be designated for affordable housing. Future Green Studio is the landscape designer for the property, which is located between Nevins Street and 3rd Avenue.

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