A Queens neighborhood known more widely for foreclosures and a racetrack is going to see a pretty major residential development rise in its midst. Developer BRP Companies is planning to build a giant tower across the street from Jamaica's AirTrain station, on the corner lot at Sutphin Boulevard and Archer Avenue currently occupied by a Duane Reade. DNAinfo reports that the planned high-rise will cost $225 million, and while earlier proposals mentioned the inclusion of 500 mixed-income apartments along with retail space, yesterday's announcement didn't elaborate on the former. UPDATE: An official release says the project will include 400 units as well as 800,000 square feet of commercial and retail space. It's officially "the largest private investment in the area in decades." Neighboring development, though, has been on the rise since before the AirTrain even opened, and there's more to come, including a $35 million hotel nearby.
· $225M Tower Coming to Jamaica AirTrain Station Area [DNA]
· All Jamaica coverage [Curbed]