The Vorea Group

Rendering of 2-33 50th Avenue, by S9 Architecture

Dumbo Market Signs Lease At Jasper In Long Island City, Queens

7:00 am on May 5, 2024 By Max Gillespie

Dumbo Market, a local grocery store, has committed to a lease for approximately 13,500 square feet of space at Jasper, a new $370 million mixed-use development located at 2-33 50th Avenue in Long Island City, Queens. The new location, brokered by Igloo, is set to open in early 2025 alongside the project’s completion. Jasper is a joint venture between The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group, and was designed by S9 Architecture.

10-04 Borden Avenue Nears Completion in Long Island City, Queens

7:30 am on January 9, 2024 By Michael Young and Matt Pruznick

Work is continuing on 10-04 Borden Avenue, a three-story commercial building in Long Island City, Queens. Developed and built by The Vorea Group under the Borden Ave Opportunity Zone Business LLC, the 56,000-square-foot structure will feature New York City’s first iFLY indoor skydiving facility and a separate commercial space. The plot spans nearly half an acre by the three-way intersection of Borden Avenue, Vernon Boulevard, and Jackson Avenue.

Site Preparations Underway for Majestic at 540 DeGraw Street in Gowanus, Brooklyn

8:00 am on June 4, 2023 By Michael Young and Matt Pruznick

Crews are readying for excavation at the site of Majestic, a 12-story residential building at 540 DeGraw Street in Gowanus, Brooklyn. Designed by Handel Architects and developed by Domain Companies, Goldman Sachs Asset Management’s Urban Investment Group, Vorea Group, and Mega Development, the 146-foot-tall structure will span 244,882 square feet and yield 268 rental units with an average scope of 861 square feet, as well as 13,929 square feet of retail and office space and 45 enclosed parking spaces. Twenty-five percent of the apartments will be designated for affordable housing. Future Green Studio is the landscape designer and Mega Contracting Group is the general contractor for the property, which is alternately addressed as 537 Sackett Street and bound by DeGraw Street to the north, Sackett Street to the south, and Nevins Street to the west.

10-04 Borden Avenue’s Steel Superstructure Rises in Long Island City, Queens

7:30 am on January 15, 2023 By Michael Young

Construction is rising on 10-04 Borden Avenue, a three-story commercial building in Long Island City, Queens. Developed and built by The Vorea Group under the Borden Ave Opportunity Zone Business LLC, the 56,000-square-foot structure will feature New York City’s first iFLY indoor skydiving facility and a separate commercial space. The plot spans nearly half an acre by the three-way intersection of Borden Avenue, Vernon Boulevard, and Jackson Avenue.

Excavation Begins for 500-Unit Project at 2-33 50th Avenue in Long Island City, Queens

8:00 am on August 27, 2022 By Michael Young

Excavation is underway at 2-33 50th Avenue, the site of a 12-story residential building in Long Island City, Queens. Designed by S9 Architecture and developed by The Domain Companies with The Vorea Group as a minority partner, the 125-foot-tall structure will yield 500 units spread across 414,946 square feet, as well as 28,000 square feet of commercial space and 503 square feet for a community facility. Congress Builders is the general contractor for the property, which is bound by 49th Avenue to the north, 50th Avenue to the south, and 5th Street to the east.

Estela Continues Construction at 414 and 445 Gerard Avenue in Mott Haven, The Bronx

7:30 am on July 11, 2022 By Michael Young

Façade work is progressing on Estela, a two-building residential complex at 414 and 445 Gerard Avenue in the South Bronx neighborhood of Mott Haven. Designed by S9 Architects and developed by The Domain Companies and The Vorea Group with financing from the Goldman Sachs Urban Investment Group, the $310 million project will yield 544 apartments, with 30 percent designated for affordable housing for households earning 80 to 130 percent of the area median income, as well as 10,000 square feet of retail space. Monadnock Construction is the general contractor for the property, which is bound by Exterior Street to the west, Walton Avenue to the east, East 146th Street to the north, East 144th Street to the south, and Gerard Avenue running north and south down the middle.

23-20 Jackson Avenue Completes Construction in Long Island City, Queens

7:30 am on February 22, 2022 By Michael Young

Construction is complete on 23-20 Jackson Avenue, a nine-story mixed-use building in Long Island City, Queens. Designed by KSQ Architects and developed by The Vorea Group, the 85,851-square-foot structure yields retail space, offices, and a 72-room hotel operated by San Francisco-based hotelier Sonder Corp. King Contracting Group was in charge of assembling the red brick façade for the property, which is located at the intersection of Jackson Avenue and Pearson Street.

Permits Filed for a 21-Story, Two-Tower Development at 404 Carroll Street in Gowanus, Brooklyn

6:30 am on November 1, 2021 By Vanessa Londono

Permits have been filed for a 21-story mixed-use building at 404 Carroll Street in Gowanus, Brooklyn. Located adjacent to the Gowanus Canal between Nevins Street and Bond Street, the lot is a few blocks from the Carroll Street subway station, serviced by the F and G trains. The Vorea Group is listed as the owner behind the applications.

Permits Filed for 540 Degraw Street in Gowanus, Brooklyn

6:30 am on October 31, 2021 By Vanessa Londono

Permits have been filed for an 11-story mixed-use building with affordable housing at 540 Degraw Street in Gowanus, Brooklyn. Spanning the length of Nevins Street between Degraw Street and Sackett Street, the lot also addressed as 537 Sackett Street. The site is walking distance from the Union Street subway station, serviced by the R train. The Vorea Group is listed as the owner behind the applications.

Permits Filed for 499-Unit Development at 2-33 50th Avenue in Long Island City, Queens

7:00 am on August 26, 2021 By Vanessa Londono

Permits have been filed for a 12-story mixed-use building at 2-33 50th Avenue in Long Island City, Queens. Located between Center Boulevard and 5th Street, the lot is near the Vernon Boulevard-Jackson Avenue subway station, serviced by the 7 train. Peter Papamichael of The Vorea Group is listed as the owner behind the applications, under the 50th & 5th LIC LLC.

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