RYBAK Development has successfully secured a $71 million construction loan for The Austin, a new condominium project located at 78-29 Austin Street in Forest Hills, Queens. JLL Capital Markets facilitated the financing for the project from Valley National Bank.
The affordable housing lottery has launched for 73-65 Yellowstone Boulevard, an 11-story residential building in Forest Hills, Queens. Designed by Aufgang Architects and developed by Slate Property Group and Grobman-Gross Properties, the structure yields 166 apartments. Available on NYC Housing Connect are 50 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $94,286 to $198,250.
Construction is finishing up on The Yellowstone, an 11-story residential building at 69-65 Yellowstone Boulevard in Forest Hills, Queens. Designed by Aufgang Architects and developed by Slate Property Group and Grobman-Gross Properties, the 182,000-square-foot structure yields 166 apartments in one- to two-bedroom layouts with 50 units designated as affordable housing, as well as a 50,000-square-foot Trader Joe’s, space for a bank branch, and 186 enclosed parking spaces. MNS Real Estate is leading leasing and marketing and SD Builder and Construction is the general contractor for the property, which is bound by Queens Boulevard to the northeast, Yellowstone Boulevard to the northwest, 69th Road to the southeast, and Gerard Place to the southwest.
The Reform Temple of Forest Hills and Werber Management have revealed plans to construct a mixed-use building at 71-11 112th Street in Forest Hills, Queens. The proposed buildings will surround an existing temple on parcels of land the congregation owns.
Permits have been filed for a seven-story mixed-use building at 78-29 Austin Street in Forest Hills, Queens. Located between 78th Avenue and Union Turnpike, the lot is near the Kew Gardens-Union Turnpike subway station, serviced by the E and F trains. Rybak Development and Construction is listed as the owner behind the applications.