New York-based real estate development firm Triangle Equities has secured $50 million in pre-development financing for a new multi-story logistics facility in College Point, Queens. The loan was arranged by JLL Capital Markets and provided by Centennial Bank. This financing marks an important step toward the development of the planned 425,000-square-foot industrial site located at 30-02 Whitestone Expressway.
Wildflower, a New York City-based developer, has secured a $94 million construction loan to complete a sprawling warehouse and logistics center at 28-02 Whitestone Expressway in College Point, Queens. The building will debut as the College Point Logistics Center and will comprise about 322,000 square feet of built-up area.
Permits have been filed for a three-story mixed-use building at 20-22 College Point Boulevard in Flushing, Queens. Located between 20th Avenue and 21st Avenue in College Point, the interior lot is closest to the Main Street subway station, serviced by the 7 train. Jinjie Wu under the AJ88 Development LLC is listed as the owner behind the applications.
Permits have been filed for a four-story residential building at 6-05 129th Street, in College Point, Queens. The site is two and a half miles away from the Main Street-Flushing train station, serviced by the 7 train, a 16-minute bicycle ride. Weis Design Corp is listed as responsible for the development.
Located in College Point, the northeastern boundary of Queens, a new four-story, mixed-use structure will take shape at 21-06 College Point Boulevard. Designed by Dezhang Fang of Fang Architects, the building will contain residential, commercial, enclosed parking, and community oriented areas following the demolition of an existing one-story structure.