As plans stand right now, the revitalization of the neighborhood will lead to the creation of 3,000 new apartments, of which 1,700 will be affordable units, and be built within a new urban renewal area.
There will be two separate shuttle routes that will run to and from the ferry terminal at Beach 108th Street. One will run east to Beach 35th Street and one will run west to Beach 169th Street, and in total the routes will span four miles.
The project will particularly focus on improving the downtown Far Rockaway area which includes retail corridors along Central Avenue, Mott Avenue, and Beach 20th Street. The revitalization in large part is a response to the vacant retail spaces.
The site encompasses vacant lots and some abandoned buildings including a restaurant and a catering hall, which had sat vacant for five years before the Marcal Group scooped it up for $5 million in December last year.