Two adjacent parking lots in Jamaica will likely be transformed into a massive, $85 million mixed-use complex. Queens Courier reports that the sites on 168th Street near 90th Avenue are being eyed for a 160,000-square-foot retail center, 550-car parking garage, and a residential building priced below market rate. Blumenfeld Development Group is partnering with the Greater Jamaica Development Corp., who owns the parking lots.
Blumenfeld has already begun shopping big-box retailers for the larger of the retail sites. The adjacent site, which may be adjoined by a walkway over 168th Street (h/t DNAinfo), will also have retail space, as well as the residential building and parking garage. Before work moves forward the development needs to pass through the city's land use review procedure, so needless to say, work won't begin for a little while. Blumenfeld hopes things will kick off around 2016.
· Jamaica parking lots will become $85M affordable housing and retail complex [QC]
· Plan For Massive Retail Complex in Jamaica to Include Affordable Housing [DNAinfo]
· Mapping 10 Buildings That Could Totally Transform Jamaica [Curbed]