Upload
others
View
1
Download
0
Embed Size (px)
Citation preview
The Crossing At Jamaica StationJAMAICA | QUEENS JAMAICA | QUEENS JAMAICA | QUEENS JAMAICA | QUEENS JAMAICA | QUEENS JAMAICA | QUEENSC
DEVELOPER:
LEASING AGENT:
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
Jamaica’s rich pickings drawing builders on hunt for cheap land
By Holly Dutton, Deals & Dealmakers Publication (Real Estate Weekly)April 29, 2015
In a city where location and access to transit is king, one neighborhood in Queens is looking to capitalize on its excess of trains, and its proximity to JFK Airport.Jamaica is served by the E,J, Z, and F trains, as well as the Long Island Railroad (LIRR) and the AirTrain, and is just five miles from JFK Airport.
Mayor Bill de Blasio’s administration recently unveiled the Jamaica Now Action Plan, a 21-point plan to help revitalize the area.Many of the items on the plan are slated to be completed within three years, while some had already been announced, like the EDC’s plan to redevelop the 168th Street NYPD garage into a mixed-income complex that will include housing units, retail and a community center. Also in the plan is the development of one to four-family houses, condos, co-ops, and smaller affordable rental buildings at 11 sites in the South Jamaica area.Streetscape improvements along Jamaica Avenue, an entrepreneurship program to help train locals at starting new businesses, more NYPD cameras in high-traffic areas, an arts alliance and public art projects are all
part of the plan as well. The city will also be giving new incentives to owners of aging and vacant properties near the Air Train/LIRR station, in an attempt to add additional housing and retail.A handful of business improvement districts with the neighborhood of Jamaica, put the area front-and-center at a breakfast last week, in an effort to draw interest to the far east neighborhood that is hoping to see big changes in coming years.Developers, retailers, and members of the community discussed the issues holding the area back — including a dearth of restaurant options in the area. Drew Greenwald, principal of Grid Prop-erties, believes one of downtown Jamaica’s main thoroughfares — Sutphin Boulevard — could be the next 125th Street in Harlem. Greenwald’s firm developed Harlem USA on 125th Street in Harlem, a 285,000 s/f, six-level retail and entertainment complex anchored by a movie theater. “We would love to find a large enough site to do a project here like in Harlem,” said Greenwald at the breakfast. “We want to keep making statements.”The area’s old zoning regulations had been in place since the early 1960’s, until 2007, when the City Council adopted a proposal by the Department of City Planning to establish a special district and rezone a large por-tion of downtown Jamaica. That 368-block rezoned area in downtown Jamaica translates to 5,200 new units of housing, 1.8 million s/f of commercial office space, 2.1 million s/f of retail space, and 1,000 to 2,000 hotel
rooms, according to the Sutphin Boulevard BID. Development lagged in the immediate years following the rezoning, but is finally starting to pick up, with a slew of new projects in the works.The BRP Companies, a minority developer, is currently developing The Crossings at Jamaica Station, a $350 million mixed-use complex of two buildings with 580 apartment units total, and 104,000 ± s/f of retail, which
will be spread across the first three floors in one building and the first floor in the other building. Amenities at the building will include a fitness center, lounges, terraces, and a rooftop garden.“We had a lot of success in areas like Bed-Stuy that were upzoned, and we’ve seen an influx of folks in that area,” said Steven Smith, managing director of BRP Properties. “We would love to replicate that here in Jamaica.”On Sutphin Boulevard and 94th Avenue, directly across from the AirTrain/LIRR station — which links directly to JFK Airport — Able Management, a minority developer specializing in hospitality, is building a 26-story,
260-room Hilton Garden Inn. Brian Sarath, a director of sales in the capital markets division of Cushman & Wakefield, closed a deal at 163-05/25 Archer Avenue for $22 million.The site consists of two contiguous lots with a combined 719,736 buildable square feet, and was the largest deal in downtown Jamaica in the last 15 years. Sarath cited the “much lower” land prices in Jamaica as compared
to the rest of New York City as a big reason investors are going to Jamaica. “The transportation is unparalleled in many neighborhoods,” said Sarath. “The future looks extremely bright.”
ARTICLE
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
MARKET OVERVIEW
Mixed-use Residential & Retail development including 600-units of affordable & market rate residential units in 2 towers, with 100,000 SF of retail space on 3-levels
258,000 people ride the ubway & LIRR Tr & in daily
8 Minute Commute to/from
to Penn Station: 15 Minute Commute (9 out of 10 LIRR lines pass through Jamaica Station)
York College : 8,000 Students
Daily pedestrian count: 21,827
Valet Parking can accommodate 300 cars
Delivery :: Spring of 2018 by
Located in a 368-block rezoned area in Downtown Jamaica which includes 5,200 new Housing Units, 1.8M square feet of Office Space, 2.1M square feet of Retail and 1,500 new hotel rooms
AirTrain JFK carried 6,487,118 paid passengers in 2014, with another 10 million using the service for free on-airport travel.
daily
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
QUEENS CENTER
COLLEGE POINT CENTER
TRIANGLE CENTER
SKY VIEW CENTER
REGO CENTER IIREGO CENTER I
AUSTIN STREET RETAIL
OUTLET
queens retail market aerial
QUEENS PLACE
REGO CENTER Z800,000 +/- SF
Retail Development
THE SHOPS AT GRAND AVENUE
METRO MALL
SHOPS AT ATLAS PARK
SHOPS AT NORTHERN BLVD
PLAZA 48
QUEENS COUNTY
KINGS COUNTY
MANHATTAN
NASSAU COUNTY
QUEENS COUNTY
C
AIR TRAIN
Downtown Jamaica Facts• 2 Universities with over 1,645 faculty members
and 29,700 students resulting in $58 Million in annual spending.• 260,000 visitors per day
• Major Employers include: U.S. Social Security Service Center, CUNY’s York College, U.S. Food & Drug Administration’s regional headquarters & laboratory, Queens Family, Civil &
Supreme Courts, New York City Finance Department, Long Island Railroad headquarters, Queens Motor Vehicle Department Center
* Information from JamaicaCenter.org
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
NEW DEVELOPMENTS MAP
HILTON GARDEN INN27 sTORy TOwER wITH
240 ROOmsDEVELOPER: ABLE mANAGEmENT
DEVELOPmENT26 sTORy APARTmENT BuILDING
wITH 380+ uNITs
NORmAN TOwERsNEw REsIDENTIAL APARTmENT
BuILDING wITH 101 APARTmENTsDEVELOPER: BLuEsTONE ORG.
jAmAIcA PERfORmING ARTs cENTER
400 sEAT PERfORmANcE THEATER
3,400 sEATs
64 ROOms wITH mEETING fAcILITIEs
jAmAIcA muLITPLEx cINEmA15-scREEN, sTADIum sEATING
yORksIDE TOwERs180 APARTmENTs
RETAIL mALL160,000 sf mALL wITH 550+
PARkING GARAGEDEVELOPER: BLumENfELD
AcHs mANAGEmENT RETAIL180,000 sf mALL wITH 550+ PARkING
GARAGEDEVELOPERs: ALEx ADjmI &
BOBBy cAyRE
168TH sTREET REDEVELOPmENT79,978 sf 2-LEVEL RETAIL
DEVELOPmENT wITHREsIDENTIAL APARTmENT BuILDING wITH 435 ROOms & 202 PARkING
sPAcEsDEVELOPERs: Nyc RfPmODA
12 sTORy, 346 uNIT APARTmENT BuILDING & 50,000 sf RETAIL BuILDING
DEVELOPER: THE DERmOT cOmPANy
PARk HAVEN APARTmENTs 102 uNITs
StUdY AreA ANd eXIStINg ASSetS
tIMelINe ANd eNgAgeMeNt ProCeSS
0-3 yearsCOMPLETE SHORT TERM GOALS
FULFILLING THE PROMISE OF JAMAICA CONFERENCE
June 24, 2014250+ participants
6 Breakout sessions
JAMAICA PLANNING INITIATIVE CONFERENCE
November 22, 2014350+ Participants
4 Workshop sessions
EXTENSIVE OUTREACHJuly – october 201412 Elected Official briefings Dozens of Stakeholder meetings 6 Issue-based Roundtables
INTER-AGENCY COORDINATIONoctober – January 2015A series of meetings with City and State entities to evaluate current and future commitments in Jamaica
RELEASE OF ACTION PLANFebruary 2015Begin implementation process
3-5 yearsCOMPLETE MEDIUM TERM GOALS
5+ yearsCOMPLETE LONG TERM GOALS
VISIoN For JAMAICA
Partnerships among the City, Queens Borough President, Greater Jamaica Development Corporation, Regional Plan Association, York College, community, and private sector will build upon existing community assets to enhance Jamaica as a diverse and vibrant destination that includes:
▪ Increased housing options for residents at diverse income levels
▪ Improved transportation connections and attractive public spaces and streetscapes
▪ Vibrant commercial districts that showcase Jamaica’s identity as a fashion, arts and cultural hub
▪ Strong educational and community resources for youth and young professionals
▪ A robust economy providing quality jobs for both residents and entrepreneurs
Feb
2015
MAY 2014
While downtown Jamaica is the civic center of the neighborhood, the focus of the Action Plan includes the area bounded by Union Turnpike, 188th Street/Farmers Boulevard, Linden Boulevard and the Van Wyck Expressway.
MAP legeNd
1 Queens Hospital Center2 St. John’s University3 Thomas Edison High School4 Jamaica High School5 Captain Tilly Park6 Hillcrest High School7 Jamaica Hospital Medical Center8 NYS Supreme Court9 Queens Civil Court
10 Rufus King Park & King Manor Museum11 Queens Family Court12 Jamaica Performing Arts Center
13 Jamaica Center for Arts and Learning14 Queens Borough Public Library15 Workforce 1 Center16 Afrikan Poetry Theatre17 AirTrain Terminal18 Food and Drug Administration19 York College20 Detective Keith L. Williams Park21 South Jamaica Houses22 Brinkerhoff Mall23 St. Albans Memorial Park24 Black Spectrum Theater Company
Sutphin Blvd BID* Jamaica Center BID*165th St. BID*180th St. BID*
JAMAICA SNAPShot
• Home to 150,000+ residents• Provides employment to 60,000+ workers
• Served by:- 50+ city and regional bus lines - 4 subway lines, with 115,000+ daily riders
- 10 Long Island Rail Road lines with 200,000+ daily commuters
- AirTrain to JFK International Airport, carrying 15,000+ daily riders
* Business Improvement District
the JAMAICA NoW ACtIoN PlAN
the NeIghborhoodS
The Jamaica Action Plan study area encompasses the neighborhoods in and around the heart of the downtown, including Jamaica Estates, Hollis, St. Albans, Addisleigh Park, South Jamaica, and others.
downtown Jamaica is characterized by a mixture of residential, commercial, retail, and light industrial uses. Neighborhoods outside of the downtown are predominantly residential with 1- and 2-family homes and some lower-density multifamily buildings containing ground-floor retail establishments along prime commercial corridors.
Jamaica is also a vibrant center for arts, culture, and commerce. Once home to many legendary musicians, the community has a growing reputation as a venue for theater, musical and dance performances, and fashion designers. The neighborhood boasts more than a dozen cultural institutions and hosts hundreds of festivals, concerts, and live performances every year, and has four Business Improvement Districts representing more than 800 businesses. Multiple large anchor institutions such as the United States Food & Drug Administration’s Northeast Regional Laboratory, Queens Hospital Center, Jamaica Hospital, Queens County Family and Civil Courts, and York College of the City University of New York are all located near downtown Jamaica.
the JAMAICA NoW ACtIoN PlANNow is the time to harness the interest of the community, City, and Queens Borough President to set forth an ambitious agenda for a diverse, vibrant, and accessible community around one of our City’s great central business districts and inter-modal transportation hubs – Jamaica, Queens. The City has made significant investments in recent years to lay the groundwork for increased growth and economic opportunity in Jamaica, including the investment of $1.9 billion in the construction of the AirTrain to JFK Airport in 2003 and the rezoning of 368 blocks of the downtown core in 2007. However, high unemployment, inadequate infrastructure, and limited supportive programs have contributed to a decline in job growth and real estate activity over the last decade, precluding Jamaica from realizing the potential of these investments.
The Jamaica Now Action Plan seeks to address these challenges by using Jamaica’s strengths as a dynamic commercial, cultural, and arts hub to increase quality jobs and small business support, promote commercial growth and economic development, and improve livability. The strategic actions proposed in the Plan are the product of a nine-month community engagement process and incorporate recommendations from more than 30 meetings and two public conferences with Jamaica residents, businesses, community leaders, and elected officials.
Today, new housing, retail, and commercial projects are underway and estimated to produce approximately 3,000 housing units, 500,000 SF of retail space, and 800 hotel rooms over the next five years. The time is right to leverage this momentum and help Jamaica thrive as an attractive and affordable destination to live, work, shop, and play.
8,000 STUDENTS, facUlTy & STaff
New Developments
Existing Theaters/Hotels
LIRR TO PENN STATION CONNECTION(15 MINUTES)(8 MINUTES)
uNITED cONsTRucTION & DEVELOPmENT GROuPmIxED usE & 200+ REsIDENTIAL uNITs
CC
mARRIOTT cOuRTyARD/fAIRfIELD INN338 ROOms
THE CROSSING AT JAMAICA STATION$350M MIxED INCOME COMPLEx OF
TWO bUILDINgS WITH 580 APARTMENT
UNITS TOTAL, AND 104,000 ± SF OF RETAIL
HOTEL DEVELOPmENT18-sTORy, 110,463 sf HOTEL wITH
283 ROOmsDEVELOPER: PRIDE HOsPITALITy GROuP
HOTEL DEVELOPmENT108 ROOms wITH
30,000 sf cOmmuNITy fAcILITyDEVELOPER: kAusHIk PATEL HOwARD jOHNsON INN
7 sTORIEs, 61 ROOms
HOTEL DEVELOPmENT15 sTORIEs, 72 ROOms
DEVELOPER: Tcx DEVELOPmENT
REsIDENTIAL DEVELOPmENT21 APARTmENTs
DEVELOPER: Tcx DEVELOPmENT
mARy ImmAcuLATE HOsPITAL cONVERsION324 APARTmENTs
DEVELOPER: THE cHETRIT GROuP
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
CLOSE UP AERIAL
Lat: 40.70070 Long: -73.80495 Zoom: 1.76 m
iLogos are for identification purposes only and m
ay be trademarks of their respective com
panies.
©2015, SITES USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved.
This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty
April 2015
AIR TRAIN TO JFK
Auto Insurance 169-05APet Shop 169-05
Gourmet Deli 169-03Fulton Drugs-Surgical 169-01
169th Street 168-42 Children's Day Care168-40 Step Up Furniture168-38 Nail Salon168-36 FOR LEASE168-34 Jamaica Gourmet Deli
168th Place168-30 Passage Hair/Cosmetics Supply168-28 Jamaica Fabric
168-26FOR LEASE
1,400 SF (CBRE)Workforce 1 Queens Career Center 168-24 Jamaica Hair
168-22 Affinity Health168-20 The Doc's Building
FOR LEASE4,100 SF
$60.00 PSF168-09
2,500 SF $80.00 PSF
168-07 Abele Dental
MC Perfumes 168-05 AV FabricVision World Optical 168-03 J&J Hosiery
Smart Menswear 168-01168th Street 168th Street
166-37
166-34 CricketAll U Need Furmiture
2,200 SFAVAILABLE 2/15
$1,100.00 PER MONTH
166-33 166-32FOR LEASE1,000 SF
$7,000 PER MONTH
FOR LEASE10,000 SF
$125.00 PSF (1ST FLOOR)$40.00 PSF (2ND FLOOR)
166-25, 166-25A, 166-25, 166-23
166-30
6,000 SF$360,000 PER ANNUM
166-19 166-28 Bangala
ANK Curtains 166-17 166-26 Jamaica CaféCookies Dept Store 166-15 166-24 National Coming Soon
Hot Beat electronics 166-09
FOR LEASE4,800 SF
$88.00 PSF166-07
Hot Chic Boutique 166-05 166-14 Joey Pepporoni's Pizza166-12 Terminal Corset166-10 ABC Wigs
Merrick Boulevard
Electronics Store 165-21 Merrick BoulevardHot Point Ladies 165-15Bondi Jewelers 165-13
Tebernacle Prayer 165-11 165-22 Pan HillMGM Linen Wholesale Retail 165-07 165-20 Gabriella
MultiCell Phone Store 165-05 165-18 Total Home Decorators165-16 RHX Super Value 165-12 Lola/Young Blood Tattoo165-10 Beyond Cellular165-08 Glory Fashion
165th Street & Zan JeweleryBad Boy Tattoo
165-02 FOR LEASE165th Street
Beauty Feel Supply 164-17
164-13
Don’t Panic Shoe 164-09
164-08164-04164-02 Vic Intl
Tick Tock Clothes 163-31 163-44 / Paradise Decorators163-31 163-34
163-29 163-21 Len's LabFOR LEASE
6,600 SF WITH BASEMENT$130.00 PSF
163-27,163-21
163-30 Expo 2000
163-28 1st Easy Shop Electronics/ Jewelery163-26 Electronics163-24 Super M7M Beauty Supply
Porta Bella MenswearOptical Warehouse/ Zenith Wireless
Sports Jam
163-12163-10163-08 RENTED-Coming Soon
163rd Street Beauty SupplyIllusion
163-04 Margherita Pizza163-02
Guy R. Brewer Blvd.
NEW COMMERCIAL AND RESIDENTIAL DEVELOPMENT COMING SOON
4,500 SF
166-36
FOR LEASE4,800 SF
$85.00 PSF (1ST FLOOR)$36.00 PSF (2ND FLOOR)
Kennedy Fried Chicken
166-16
CBRE FOR LEASE 4,000SF GR 4,000SF 2nd$85.00 PSF (1ST FLOOR)$40.00 PSF (2ND FLOOR)
50' FRONTAGE
166-02outlet
168-50
168-46
168-14
Flashy Girl 166-35
168-25Telco
FOR LEASE9,000 SF + BASEMENT
$60.00 PSF168-15
P+G Blue Angels/ Bridal/ Shoes 155-03-05
165-25
165-24
Pretty Women 165-01B
165-04
Wizard of Eyes Optical 165-01A
King David Jewelry 164-17A
164-18
164-48 Boss Beauty 164-15
164-12
164-10
164-11
163-06
163-11
164-01
164th Street
FOR SUB-LEASEFORMER ZALES$130.00 PSF
163-13
$150.00 PSF163-15
163-18
163-19
multplex cinemas
retail corridors
C
Auto Insurance 169-05APet Shop 169-05
Gourmet Deli 169-03Fulton Drugs-Surgical 169-01
169th Street 168-42 Children's Day Care168-40 Step Up Furniture168-38 Nail Salon168-36 FOR LEASE168-34 Jamaica Gourmet Deli
168th Place168-30 Passage Hair/Cosmetics Supply168-28 Jamaica Fabric
168-26FOR LEASE
1,400 SF (CBRE)Workforce 1 Queens Career Center 168-24 Jamaica Hair
168-22 Affinity Health168-20 The Doc's Building
FOR LEASE4,100 SF
$60.00 PSF168-09
2,500 SF $80.00 PSF
168-07 Abele Dental
MC Perfumes 168-05 AV FabricVision World Optical 168-03 J&J Hosiery
Smart Menswear 168-01168th Street 168th Street
166-37
166-34 CricketAll U Need Furmiture
2,200 SFAVAILABLE 2/15
$1,100.00 PER MONTH
166-33 166-32FOR LEASE1,000 SF
$7,000 PER MONTH
FOR LEASE10,000 SF
$125.00 PSF (1ST FLOOR)$40.00 PSF (2ND FLOOR)
166-25, 166-25A, 166-25, 166-23
166-30
6,000 SF$360,000 PER ANNUM
166-19 166-28 Bangala
ANK Curtains 166-17 166-26 Jamaica CaféCookies Dept Store 166-15 166-24 National Coming Soon
Hot Beat electronics 166-09
FOR LEASE4,800 SF
$88.00 PSF166-07
Hot Chic Boutique 166-05 166-14 Joey Pepporoni's Pizza166-12 Terminal Corset166-10 ABC Wigs
Merrick Boulevard
Electronics Store 165-21 Merrick BoulevardHot Point Ladies 165-15Bondi Jewelers 165-13
Tebernacle Prayer 165-11 165-22 Pan HillMGM Linen Wholesale Retail 165-07 165-20 Gabriella
MultiCell Phone Store 165-05 165-18 Total Home Decorators165-16 RHX Super Value 165-12 Lola/Young Blood Tattoo165-10 Beyond Cellular165-08 Glory Fashion
165th Street & Zan JeweleryBad Boy Tattoo
165-02 FOR LEASE165th Street
Beauty Feel Supply 164-17
164-13
Don’t Panic Shoe 164-09
164-08164-04164-02 Vic Intl
Tick Tock Clothes 163-31 163-44 / Paradise Decorators163-31 163-34
163-29 163-21 Len's LabFOR LEASE
6,600 SF WITH BASEMENT$130.00 PSF
163-27,163-21
163-30 Expo 2000
163-28 1st Easy Shop Electronics/ Jewelery163-26 Electronics163-24 Super M7M Beauty Supply
Porta Bella MenswearOptical Warehouse/ Zenith Wireless
Sports Jam
163-12163-10163-08 RENTED-Coming Soon
163rd Street Beauty SupplyIllusion
163-04 Margherita Pizza163-02
Guy R. Brewer Blvd.
NEW COMMERCIAL AND RESIDENTIAL DEVELOPMENT COMING SOON
4,500 SF
166-36
FOR LEASE4,800 SF
$85.00 PSF (1ST FLOOR)$36.00 PSF (2ND FLOOR)
Kennedy Fried Chicken
166-16
CBRE FOR LEASE 4,000SF GR 4,000SF 2nd$85.00 PSF (1ST FLOOR)$40.00 PSF (2ND FLOOR)
50' FRONTAGE
166-02outlet
168-50
168-46
168-14
Flashy Girl 166-35
168-25Telco
FOR LEASE9,000 SF + BASEMENT
$60.00 PSF168-15
P+G Blue Angels/ Bridal/ Shoes 155-03-05
165-25
165-24
Pretty Women 165-01B
165-04
Wizard of Eyes Optical 165-01A
King David Jewelry 164-17A
164-18
164-48 Boss Beauty 164-15
164-12
164-10
164-11
163-06
163-11
164-01
164th Street
FOR SUB-LEASEFORMER ZALES$130.00 PSF
163-13
$150.00 PSF163-15
163-18
163-19
NYC FAMILY COURT
NYC FINANCE DEPARTMENT OFFICE COMPLEX
SOCIAL SECURITY ADMINISTRATION
QUEENS COUNTY CIVIL COURT
QUEENS COUNTY CLERKS OFFICE
QUEENS COUNTY BAR ASSOCIATION
8,000 STUDENTS, facUlTy & STaff
LIRR TO PENN STATION CONNECTION(15 MINUTES)(8 MINUTES)
opening 2016
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
LOCAL SUbWAY & bUS MAP
C
(8 MINUTES)
BabylonOyster BayLong Beach
Montauk West HempsteadFar Rockaway
Port Jeff
HempsteadRonkonkoma
LIRR TO PENN STATION CONNECTION(15 MINUTES)
41
8 9 4154
56
6
83
24
3031
34
20A
25
25
25
65
65
65
20B
34
44
43
43
5660
303031
8
6
9
40
60
44
34
30
31
E J
access Information• AirTrain connects 8,500 travelers between
Jamaica & the airport daily • 9 out of 10 L.I.R.R. lines pass through Jamaica Station
• A free shuttle bus connect passengers to the Resorts World Casino
• 258,000 people ride the Subway & Train daily• Less than 20 minutes to Manhattan and
brooklyn by train• Takes only 8 minutes to get to JFK International
Airport by AirTrain & 15 minutes by LIRR
BUS SERVIcE
SUBWay
Full-time Service
No Saturday and/or Sunday Service
The shuttle service operates weekdays 7 am-11 pm and weekends 7 am-6 pm, cov-ering two routes. From Jamaica:Starting at 7 am, buses will pick up riders every 20 minutes, and transport them to Queens Hall and the Student Union.
Subway StopsX
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
ARCHER AVE SUTPHIN BLVD
CUSTOMER ACCESS POINTS
(8 MINUTES)
BabylonOyster BayLong Beach
Montauk West HempsteadFar Rockaway
Port Jeff
HempsteadRonkonkoma
LIRR TO PENN STATION CONNECTION(15 MINUTES)
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
CELLAR PLAN
UP
IFIX
UP UP
IFIX
IFIX
IFIX IFIX IFIX
IFIX
RETAIL LOBBY1100 GSF
RETAIL BIKESTORAGE &SHOWERS
332 GSF
PARKING 1 (HIGH-RISE)20,204 GSF
PARKING 2 (MID-RISE)
HIGH-RISE MID-RISE
LOADING DOCKEMR & STAIRS
914 GSF
RETAIL AREA TABLE:
CELLARRetail Bike Stor/Showers 332 GSFRetail Lobby (shared) 1,100 GSFLoad. Dock EMR & Stair 914 GSFSUB-TOTAL 2,346 GSF
GROUND FLOORRetail Lobby (shared) 1,796 GSFRetail Egress 1 201 GSFRetail Egress 2 930 GSFLoading Dock 3,908 GSFService/Staging 1,116 GSFRetail 1 933 GSFRetail 2 1,056 GSFRetail 3 1,659 GSFRetail 4 8,400 GSFRetail 5 6,058 GSFRetail 6 4,273 GSFSUB-TOTAL 30,330 GSF
2ND FLOORRetail Lobby (shared) 2,758 GSFRetail 7 32,950 GSFSUB-TOTAL 35,708 GSF
3RD FLOORRetail Lobby (shared) 2,766 GSFRetail 8 33,101 GSFSUB-TOTAL 35,867 GSF
TOTAL 104,251 GSF
PARKINGParking 1 (High-Rise) 20,204 GSFParking 1 (Ground Flr Ramp) 2,404 GSFParking 2 (Mid-Rise) 12,165 GSFSUB-TOTAL 34,773 GSF
REV.10.05.2015
PARKING 1(HIGH-RISE) PARKING 2 (MID-RISE)
11,738 GSF
HIGH-RISE MID-RISE
EGRESS STAIRS &GARAGE EXHAUST
@GROUND FLR427 GSF
GARAGE EXHAUST@GROUND FLR
GARAGE EXHAUST@GROUND FLR
FXFOWLE ARCHITECTS, LLP | 22 WEST 19TH STREET | NEW YORK, NY 10011 | T 212.627.1700 | F 646.616.7098
THE CROSSING AT JAMAICA STATION14015.L00/L01
CAD FILE:PROJ. NUMBER:PROJ. NAME:
© 2011 FXFOWLE ARCHITECTS, LLP | ALL RIGHTS RESERVED
1/32" = 1'-0"
SK-010ACELLAR LEVEL RETAIL PLAN 09.21.2015, REV.11.05.2015
1/32" = 1'-0"1 CELLAR PLAN - HIGH-RISE
1/32" = 1'-0"2 CELLAR PLAN - MID-RISE
**VALET CAPACITY - UP TO 300 CARS
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
FIRST FLOOR PLAN
UP
EFIX
RAMP DN
HIGH-RISE MID-RISE
ARCHER AVE.
147T
H.
SUTP
HIN
BLV
D.
RAILROADOVERPASS
LOCATION OF+/-1'-9" STEP
AT FLOOR SLAB.
RETAIL 48,278 GSF
RETAIL 31,659 GSF
RETAIL 1933 GSF
RETAIL 21,056 GSF
RETAIL 56,058 GSF
RETAIL 64,273 GSF
SERVICE/STAGING1,116 GSF
RETAIL LOBBY1,918 GSF
LOADING DOCK3,908 GSF
RETAIL EGRESS 1FROM 2ND & 3RD FLR
201 GSF
RETAIL EGRESS 2FROM 2ND & 3RD FLR
930 GSF
PARK
ING
1(H
IGH-
RISE
)2,
404
GSF
AREABELOW
36' -
6"
26' - 0" 28' - 11" 89' - 7" 59' - 0"
29' -
3"
54' - 11" 35' -
3" 81
' - 8
"
82' - 11"
95' -
3"
23' -
9"
11' -
7"
11' -
2"1
5' -
9"25
' - 6
"
11' -
6"
9' - 11"
13' - 6" 23' - 8"
5' - 7"
18' - 8"
23' -
9"
67' -
8"
60' -
5"
61' - 3"
32' - 6"71' - 1"
28' -
7"
78' -
8"
35' - 8"
RETAIL AREA TABLE:
CELLARRetail Bike Stor/Showers 332 GSFRetail Lobby (shared) 1,100 GSFLoad. Dock EMR & Stair 914 GSFSUB-TOTAL 2,346 GSF
GROUND FLOORRetail Lobby (shared) 1,918 GSFRetail Egress 1 201 GSFRetail Egress 2 930 GSFLoading Dock 3,908 GSFService/Staging 1,116 GSFRetail 1 933 GSFRetail 2 1,056 GSFRetail 3 1,659 GSFRetail 4 8,278 GSFRetail 5 6,058 GSFRetail 6 4,273 GSFSUB-TOTAL 30,330 GSF
2ND FLOORRetail Lobby (shared) 2,758 GSFRetail 7 32,950 GSFSUB-TOTAL 35,708 GSF
3RD FLOORRetail Lobby (shared) 2,766 GSFRetail 8 33,101 GSFSUB-TOTAL 35,867 GSF
TOTAL 104,251 GSF
PARKINGParking 1 (High-Rise) 20,204 GSFParking 1 (Ground Flr Ramp) 2,404 GSFParking 2 (Mid-Rise) 12,165 GSFSUB-TOTAL 34,773 GSF
REV.11.11.2015
FXFOWLE ARCHITECTS, LLP | 22 WEST 19TH STREET | NEW YORK, NY 10011 | T 212.627.1700 | F 646.616.7098
THE CROSSING AT JAMAICA STATION14015.L00/L01
CAD FILE:PROJ. NUMBER:PROJ. NAME:
© 2015 FXFOWLE ARCHITECTS, LLP | ALL RIGHTS RESERVED
1/32" = 1'-0"
SK-010BGROUND FLOOR RETAIL PLAN REV. NOVEMBER 11,2015
NOTE:THE POTENTIAL RETAIL TENANT DIVISIONSSHOWN HERE ARE DERIVED FROM A SKETCH(ATTACHED) BY CBRE, INC DONE DURING APROJECT MEETING HELD ON JULY 13, 2015.
freight elevators
(8 MINUTES)
BabylonOyster BayLong Beach
Montauk West HempsteadFar Rockaway
Port Jeff
HempsteadRonkonkoma
LIRR TO PENN STATION CONNECTION(15 MINUTES)
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
SECOND FLOOR PLAN
DN UP
DN
UP
RESIDENTIALEGRESS STAIR
RESIDENTIAL ELEV& EGRESS STAIR
RETAIL LOBBY2,758 GSF
RETAIL 732,950 GSF
RETAIL AREA TABLE:
CELLARRetail Bike Stor/Showers 332 GSFRetail Lobby (shared) 1,100 GSFLoad. Dock EMR & Stair 914 GSFSUB-TOTAL 2,346 GSF
GROUND FLOORRetail Lobby (shared) 1,796 GSFRetail Egress 1 201 GSFRetail Egress 2 930 GSFLoading Dock 3,908 GSFService/Staging 1,116 GSFRetail 1 933 GSFRetail 2 1,056 GSFRetail 3 1,659 GSFRetail 4 8,400 GSFRetail 5 6,058 GSFRetail 6 4,273 GSFSUB-TOTAL 30,330 GSF
2ND FLOORRetail Lobby (shared) 2,758 GSFRetail 7 32,950 GSFSUB-TOTAL 35,708 GSF
3RD FLOORRetail Lobby (shared) 2,766 GSFRetail 8 33,101 GSFSUB-TOTAL 35,867 GSF
TOTAL 104,251 GSF
PARKINGParking 1 (High-Rise) 20,204 GSFParking 1 (Ground Flr Ramp) 2,404 GSFParking 2 (Mid-Rise) 12,165 GSFSUB-TOTAL 34,773 GSF
REV.10.05.2015
FXFOWLE ARCHITECTS, LLP | 22 WEST 19TH STREET | NEW YORK, NY 10011 | T 212.627.1700 | F 646.616.7098
THE CROSSING AT JAMAICA STATION14015.L00/L01
CAD FILE:PROJ. NUMBER:PROJ. NAME:
© 2011 FXFOWLE ARCHITECTS, LLP | ALL RIGHTS RESERVED
1/32" = 1'-0"
SK-010C2ND FLOOR RETAIL PLAN 09.21.2015, REV.11.05.2015
non-exclusivefreight elevators
SU
THP
HIN
BLV
D.
ARCHER AVE.
PLANNED SUPERMARKET
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
THIRD FLOOR PLAN
D
RRAH
TRRAH
D
WP42"GFI WP
S
S
S
VI
VI
DNUPDN
RESIDENTIALEGRESS STAIR
RESIDENTIAL ELEV& EGRESS STAIR
RETAIL LOBBY2,766 GSF
RETAIL 733,101 GSF
RETAIL AREA TABLE:
CELLARRetail Bike Stor/Showers 332 GSFRetail Lobby (shared) 1,100 GSFLoad. Dock EMR & Stair 914 GSFSUB-TOTAL 2,346 GSF
GROUND FLOORRetail Lobby (shared) 1,796 GSFRetail Egress 1 201 GSFRetail Egress 2 930 GSFLoading Dock 3,908 GSFService/Staging 1,116 GSFRetail 1 933 GSFRetail 2 1,056 GSFRetail 3 1,659 GSFRetail 4 8,400 GSFRetail 5 6,058 GSFRetail 6 4,273 GSFSUB-TOTAL 30,330 GSF
2ND FLOORRetail Lobby (shared) 2,758 GSFRetail 7 32,950 GSFSUB-TOTAL 35,708 GSF
3RD FLOORRetail Lobby (shared) 2,766 GSFRetail 8 33,101 GSFSUB-TOTAL 35,867 GSF
TOTAL 104,251 GSF
PARKINGParking 1 (High-Rise) 20,204 GSFParking 1 (Ground Flr Ramp) 2,404 GSFParking 2 (Mid-Rise) 12,165 GSFSUB-TOTAL 34,773 GSF
REV.10.05.2015
FXFOWLE ARCHITECTS, LLP | 22 WEST 19TH STREET | NEW YORK, NY 10011 | T 212.627.1700 | F 646.616.7098
THE CROSSING AT JAMAICA STATION14015.L00/L01
CAD FILE:PROJ. NUMBER:PROJ. NAME:
© 2011 FXFOWLE ARCHITECTS, LLP | ALL RIGHTS RESERVED
1/32" = 1'-0"
SK-010D3RD FLOOR RETAIL PLAN 09.21.2015, REV.11.05.2015
non-exclusivefreight elevators
SU
THP
HIN
BLV
D.
ARCHER AVE.
8
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
RENDERINg
SUTPHIN BLVDARCHER AVE SUTPHIN BLVD
(8 MINUTES)
BabylonOyster BayLong Beach
Montauk West HempsteadFar Rockaway
Port Jeff
HempsteadRonkonkoma
LIRR TO PENN STATION CONNECTION(15 MINUTES)
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
RENDERINg
1
VIEW OF NORTH ELEVATION @ HIGH-RISE BUILDING
©2015 FXFOWLE ARCHITECTS, LLP | ALL RIGHTS RESERVED
THE CROSSING AT JAMAICA STATIONBRP DEVELOPMENT CORP
14015.L00
June 26 2015ARCHER AVE
(8 MINUTES)
BabylonOyster BayLong Beach
Montauk West HempsteadFar Rockaway
Port Jeff
HempsteadRonkonkoma
LIRR TO PENN STATION CONNECTION(15 MINUTES)
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
RENDERINg
ARCHER AVE
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
RENDERINg
ARCHER AVE
(8 MINUTES)
BabylonOyster BayLong Beach
Montauk West HempsteadFar Rockaway
Port Jeff
HempsteadRonkonkoma
LIRR TO PENN STATION CONNECTION(15 MINUTES)
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
RENDERINg
SUTPHIN BLVD
(8 MINUTES)
BabylonOyster BayLong Beach
Montauk West HempsteadFar Rockaway
Port Jeff
HempsteadRonkonkoma
LIRR TO PENN STATION CONNECTION(15 MINUTES)
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
3
VIEW OF WEST ELEVATION @ HIGH-RISE BUILDING RETAIL
©2015 FXFOWLE ARCHITECTS, LLP | ALL RIGHTS RESERVED
THE CROSSING AT JAMAICA STATIONBRP DEVELOPMENT CORP
14015.L00
June 26 2015
SUTPHIN BLVD
RENDERINg
C The Crossing At Jamaica Station
© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
DEMOgRAPHICS
Demographic Source: Applied Geographic Solutions 04/2015, TIGER Geography page 1 of 1©2015, Sites USA, Chandler, Arizona, 480-491-1112
Thi
s re
port
was
pro
duce
d us
ing
data
from
priv
ate
and
gove
rnm
ent s
ourc
es d
eem
ed to
be
relia
ble.
The
info
rmat
ion
here
in is
pro
vide
d w
ithou
t rep
rese
ntat
ion
or w
arra
nty.
SUMMARY PROFILE2000-2010 Census, 2015 Estimates with 2020 ProjectionsCalculated using Weighted Block Centroid from Block Groups
Lat/Lon: 40.7006/-73.8077RS1
The Crossing at Jamaica Station 5 mindrivetimeJamaica, NY
PO
PU
LATI
ON
2015 Estimated Population 676,928
2020 Projected Population 715,268
2010 Census Population 648,164
2000 Census Population 642,965
Projected Annual Growth 2015 to 2020 1.1%
Historical Annual Growth 2000 to 2015 0.4%
2015 Median Age 37.1
HO
US
EH
OLD
S
2015 Estimated Households 231,078
2020 Projected Households 240,056
2010 Census Households 222,599
2000 Census Households 223,698
Projected Annual Growth 2015 to 2020 0.8%
Historical Annual Growth 2000 to 2015 0.2%
RA
CE
AN
DE
THN
ICIT
Y
2015 Estimated White 31.3%
2015 Estimated Black or African American 29.1%
2015 Estimated Asian or Pacific Islander 24.8%
2015 Estimated American Indian or Native Alaskan 0.6%
2015 Estimated Other Races 14.2%
2015 Estimated Hispanic 21.6%
INC
OM
E 2015 Estimated Average Household Income $75,595
2015 Estimated Median Household Income $60,563
2015 Estimated Per Capita Income $25,907
ED
UC
ATI
ON
(AG
E 2
5+)
2015 Estimated Elementary (Grade Level 0 to 8) 14.5%
2015 Estimated Some High School (Grade Level 9 to 11) 13.0%
2015 Estimated High School Graduate 20.7%
2015 Estimated Some College 11.4%
2015 Estimated Associates Degree Only 6.2%
2015 Estimated Bachelors Degree Only 15.4%
2015 Estimated Graduate Degree 18.9%B
US
INE
SS 2015 Estimated Total Businesses 17,902
2015 Estimated Total Employees 154,526
2015 Estimated Employee Population per Business 8.6
2015 Estimated Residential Population per Business 37.8
bRP Companies is a New York based real estate firm that is at the forefront of affordable, mixed-income, and market-rate housing and commercial developments. From the firm’s modest beginning in 1998 as a local development company, the firm has successfully evolved into a vertically integrated organization offering a full complement
of development, construction, property management, and financial services.
Today, with an experienced staff of 50, a track record of over 600,000 SF of completed real estate projects and over 3 million SF currently in development, bRP is uniquely positioned to meet the demands of urban housing consumers. The firm is an innovator in developing mixed-use, mixed-income, “walkable” urban housing with high-quality, energy-efficient infill properties throughout the city of New York and beyond. Many of the company’s projects include strategic partnerships with leading finan-cial institutions such as goldman Sachs, government agencies such as New York City Department of Housing Preservation and Development (HPD) and New York City
Housing Development Corporation (HDC), not-for-profit companies, and faith-based organizations.
In addition to bRP’s development, construction, and property management services, bRP offers an array of financial products and services through its affiliate bRP CDE, LLC, a Community Development Entity serving the NY, NJ, & PA metropolitan areas. The company seeks to stimulate economic development by working with strategic partners to finance high impact mixed-use affordable housing, retail, and community facility space in its service area. bRP CDE offers below market rate senior and sub-
ordinated loans with flexible terms, real estate advisory services, and innovative solutions in low-income communities.
On March 15, 2012, bRP CDE, LLC, announced that it was awarded a $30 million allocation under the federal New Markets Tax Credits 2011 program round administered by the U.S. Department of the Treasury’s CDFI Fund. bRP CDE was one of 70 organizations nationwide receiving awards selected from a pool of 314 applicants through
a highly competitive process. This is the second award of this kind for bRP, which received its first award of $21 million in the 2010 program round.
DEVELOPER:
LEASING AGENT:
JOHN HANLON SENIOR VICE PRESIDENT
+1 631 370 [email protected]
ADAM bASSASSOCIATE
+1 631 370 [email protected]
JILLIAN RAMIREzCLIENT SERVICES SPECIALIST
+1 631 370 [email protected]
CThe Crossing At Jamaica Station