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2,000 Units of Privately Funded Affordable Housing Approved for Queens

A large affordable housing development will be built on the former site of a hospital in the Rockaway Peninsula neighborhood of Queens.
November 19, 2019, 5am PST | James Brasuell | @CasualBrasuell
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"The [New York] City Council has given the OK for a Queens development that will mark the largest private construction of affordable housing under the de Blasio administration," reports Ryan Deffenbaugh.

"Arker Cos.—the developer—plans to start construction next year on Edgemere Commons, which will bring 2,050 units of rent-controlled housing to the former Peninsula Hospital site in Edgemere," adds Deffenbaugh.

The project will also include 150,000 square feet of retail space and 38,000 square feet of open space. The article includes more details on the project, such as green infrastructure components, and some of the political process that preceded the project's approval.

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Published on Friday, November 15, 2019 in Crain's New York Business
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