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Zara set to being work on 223-unit Jamaica apartment development
Zara Realty is set to start work on a new 223-unit apartment
development in Jamaica, Queens.
Located at 153-10 88th Avenue adjacent to Rufus King Park, the nine-story, 218,000 s/f development will provide market rate and affordable climate-ready.
In the Fall, the project, designed by Ismael
Leyva Architects and Monadnock Construction, Inc., will
begin pouring the foundation, with completion and tenancy in 2023.
The energy efficient building will have 223 units,
from studios to two-bedrooms, each with energy saving appliances. The building
will also include a high-efficiency Variable Refrigerant Flow HVAC system that
consumes less energy than traditional systems, surpassing 2030 Climate
Mobilization Act requirements by 40 percent.
A key climate change feature is a solar roof capable of producing 69 KW of green, clean energy, equivalent to planting 1,300 trees every year, replacing 13 combustion vehicles with hybrids, and taking 282 combustion cars off the road during its lifetime.
The project will set aside 30 percent of the units as
affordable housing, and all tenants will have access to a
169-space valet parking garage with 10-vehicle electric charging stations, a
1,272 s/f fitness center, 3,167 s/f tenant recreational space, and a 5,449 s/f roof
terrace with gardens and seating areas, as well as storage units and more
amenities. Zara Realty will also locate 6,480 s/f
of community facility space on the building’s ground floor.
The project is expected to cost $110 million and is financed
by Arbor Realty SR Inc.
The post Zara set to being work on 223-unit Jamaica apartment development appeared first on Real Estate Weekly.