Jeff Sutton is branching out from marquee Manhattan projects and launching his next big development on the outskirts of Queens.
Sutton’s Wharton Properties is working with BRP Companies to build a 500,000-square-foot mixed-use project on a lot at 90-02 168th Street that will feature 300 rent-regulated apartments and 70,000 square feet of retail space across three buildings, according to Crain’s.
Roughly 10 percent of the apartments will be reserved for artists.
The Greater Jamaica Development Corp. will sell the land to the two companies for an undisclosed price. The organization owns several lots in the neighborhood and plans on using them to try giving the area an economic boost.
Government officials are working to revitalize Jamaica with more than $100 million of investments. Other projects in the neighborhood include developer George Xu’s plans for a 90-unit residential building at 148-29 90th Avenue and Omni New York’s plan for a complex of about 400 apartments at 92-23 168th Street. [Crain’s] – Eddie Small