The development is going up on the site of a former meatpacking plant on Sutphin Boulevard. It will also be next to the AirTrain shuttle at the Jamaica train station, which transports travelers to John F. Kennedy International Airport.
Techno Mart Queens is part of an "airport village" that they are envisioning, says Carlisle Towery, president of the Greater Jamaica Development Corp. The center is expected by local officials to employ about 3,000 people.
The developers, through a venture called JFK Associates, are Kingsbridge-Jamaica Co., HRH AC Development Group, and Prime Construction Co. Kingsbridge-Jamaica is led by Paul Travis and James Levin, developers who built the River Plaza shopping center in the Bronx. HRH AC is a partnership between area-based HRH Construction and Acreciti Development Group. Prime Construction is based in Korea.
Prime is modeling the center after a similar development in Seoul, called East Techno Mart, which it constructed in 1998. The company is working on a second development in that city and has plans for a fourth, in China.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.