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JV Gets Nod for $50M Mixed-Use Project

QUEENS, NY-The mixed-use development will complement the new 360,000-sf Queens Hospital. The space for the project was made possible due to a reallocation of land during the development of the new hospital facility.

By Barbara Jarvie | Updated on May 17, 2004

QUEENS, NY-A joint venture of Pistilli Realty Group and D&F Consultants will acquire and develop a two-acre site at Queens Hospital Center in Jamaica. The plan calls for a $50-million mixed-use development featuring 200 units of middle-income and market-rate rental housing; 26,300 sf of medical office space, 11,000 sf of retail space and a 450-car parking garage. The site is where the old hospital once stood.

“In the current climate of limited public funds, this project provides the private sector an economically feasible means to help expand the medical and health facilities on the campus of Queens Hospital while benefiting the residential and business communities of Jamaica as well,” says New York City Economic Development Corp. president Andrew M. Alper. The EDC and the New York City Health and Hospitals Corp. selected Pistilli and D&F for the project, which is expected to create approximately 100 permanent and 500 construction jobs.

HHC president Dr. Benjamin Chu points out that the proposed development will provide an ongoing revenue stream to Queens Hospital while improving parking conditions in the community. “The additional residential units will also create convenient housing opportunities, which we believe will help us to retain and recruit medical and nursing personnel,” he adds.

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