Chetrit gets $128M financing for Jamaica project

The Chetrit Group scored about $127.5 million in construction financing for its planned multifamily redevelopment of the Mary Immaculate Hospital site in Jamaica, sources told The Real Deal. Chetrit is planning a four-building complex at 150-13 89th Avenue in downtown Jamaica, with 324 apartments. The developer acquired the site, which offers more than 415,000 buildable square feet right next to Rufus King Park, for about $4.8 million in 2009, according to New York YIMBY. The … [more]


Source: Real Estate

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