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The city is expected to be among the top three markets for rent growth this year.
The company is looking to provide construction loans and permanent below-market loans.
The site will also include 100,000 square feet of retail.
It includes two brands, which will offer a mix of residential, hotel, and retail space.
The reasons range from affordability to strong fundamentals in the asset class.
The deal expands the ride-sharing giant's presence at the property by 44,110 square feet.
It will, however, be important to pay attention to the policies coming out of Washington D.C.
The portfolio includes buildings in Arizona and and Nevada
The performance was also strong in Northwest Queens.
Still, Vacancies dropped by six basis points in the fourth quarter.