[chris08876]

Project: 150-01 88th Avenue

Upon completion, the new rental building at 150-01 88th Avenue will total eight stories and house 59 apartment units. Plans for amenities at the roughly 42,000-square-foot property include a gym, rooftop lounge and bicycle storage space.

he development sits across the street from the Chetrit Group’s much larger, 324-unit multifamily project at 150-13 89th Avenue—the full-block site of the former Mary Immaculate Hospital, which shut its doors in 2009.

The Chetrit Group acquired the smaller site around the same time and began construction on both properties earlier this year.

Development on the 150-01 88th Avenue apartment building has moved at such a rapid pace that the project was up to the fifth floor by the time the bank closed the construction loan, Mr. Westfried noted.

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https://commercialobserver.com/2015/...tment-project/