Whitestone Lanes in Flushing, Queens, is expected to be redeveloped into multifamily housing following a $45 million transaction. The $45 million sale of Whitestone Lanes in Flushing, Queens, marks a significant redevelopment move for one of the neighborhood’s long-standing commercial sites. The 48-lane bowling alley, located at 30-05 Whitestone Expressway, has been operated by a multigenerational ownership group and is now being positioned for a major residential redevelopme

According to the latest coverage from the Commercial Observer, Brooklyn-based developer Elmord Management has secured $72.3 million in acquisition and construction financing to construct a brand-new multifamily development in the premier Hunters Point neighborhood of Long Island City (LIC), Queens . The transaction was originated by prominent real estate lender BridgeCity Capital, providing critical capital for the planned 161-unit mixed-use project at 44-68 Vernon Boulevard

Construction at 30-25 Queens Boulevard in Long Island City has risen above street level. The 46-story mixed-income tower, backed by $388.5M in financing, will deliver 561 residences and luxury amenities by 2028.