Jul. 29, 2025 By Ethan Marshall The financial services provider Merchants Capital announced it has secured a $60.5 million balance sheet acquisition loan from Merchants Bank to finance the real estate developer Tredway’s purchase and preservation of Ocean Park Apartments, an affordable housing development with 602 units at 1-25 Beach 17th St. in Far…
Jun. 20, 2025 By Athena Dawson U.S. Rep. Gregory Meeks hosted a town hall meeting Monday, June 16, at the Jamaica Performing Arts Center to address the impact of Trump administration policies on New Yorkers. Dozens of attendees filled the venue’s theater to hear Meeks deliver an overview of recent federal developments, followed by…
May. 14, 2025 By Ethan Marshall The affordable and mixed-income real estate developer Tredway announced it has acquired the 602-unit family-designated Ocean Park Apartments, located at 125 Beach 17th St. in Far Rockaway. As part of this $88 million acquisition, Tredway entered into an agreement with the New York City Department of Housing Preservation…
Apr. 28, 2025 By Athena Dawson Queens Borough President Donovan Richards Jr. delivered his third annual State of the Borough address at Queens Theatre on Friday, April 25, outlining his administration’s efforts over the past year across education, health, the environment, social services and economic development. Richards’ speech took a defiant tone against former…
Apr. 3, 2025 By Ethan Marshall Construction is set to begin this month on Edgemere Commons Building A2, an 18-story 100% affordable housing building with 244 units at 337 Beach 52nd St. in Far Rockaway. This will be the second building by Tishman Speyer at Edgemere Commons. A third building, developed by Arker Companies…
Apr. 3, 2025 By Shane O’Brien The team behind the proposed $8 billion Metropolitan Park casino project has announced a new partnership aiming to create hundreds of long-term affordable housing in Corona. Queens Future, an LLC formed as part of Mets owner Steve Cohen and Hard Rock International’s push for the Metropolitan Park casino…
Mar. 28, 2025 By Colum Motherway The New York State Senate has passed Senate Bill S.1673, a critical piece of legislation aimed at addressing the student loan debt crisis affecting many New Yorkers. The bill mandates that all new employees be provided with essential information regarding student loan repayment options, empowering them to make…
Mar. 28, 2025 By Ethan Marshall RiseBoro Community Partnership and Slate Property Group announced that leasing has begun for the 317 affordable apartments for low-income and formerly homeless individuals at Baisley Pond Park Residences at 143-06 135th Ave. in South Jamaica on Thursday, March 27. Of the 317 units, 125 of them have been set aside…
New York City’s affordable housing landscape remains one of the most complicated — and contentious — in the nation. Despite billions of dollars in annual investments, the crisis persists, leaving many New Yorkers struggling to secure a roof over their heads. To help you understand what affordable housing is and how it impacts you,…
Dec. 23, 2024 By Shane O’Brien As 2024 turns into 2025, QNS is looking back on its most popular stories from each month of the year. From new store openings to popular new pop-up festivals, a variety of stories have captured our readers’ attention throughout the year. Below, we offer a look at the…