8 THE QUEENS COURIER • OCTOBER 14, 2021 FOR BREAKING NEWS VISIT WWW.QNS.COM
Officials break ground on new mixed-use development in Jamaica
Southeast Queens lawmakers along with BRP Companies, Goldman Sachs and the Greater Jamaica Development Corporation break
Que
ground
Rendering courtesy of STUDIO V Architecture
BY CARLOTTA MOHAMED
CMOHAMEDSCHNEPSMEDIA.COM
QNS
Southeast Queens elected officials
joined real estate firm BRP Companies,
Goldman Sachs and the Greater
Jamaica Development Corporation on
Tuesday, Oct. 5, to break ground on a
new 542,000-square-foot mixed-use
development in Jamaica.
Archer Towers, located at 163-05
Archer Ave., will feature 605 mixedincome
residences, 20,000 square feet
of amenity spaces and 14,000 square
feet of retail space.
The project marks BRP’s second
major development in Jamaica, following
the firm’s recent completion
of The Crossing at Jamaica Station,
a mixed-income 669-unit res- i -
dential building located at 148-
10 and 147-40 Archer Ave.
“We’re excited to celebrate
the start of construction of
Archer Towers, which will deliver
much-needed workforce
housing options to the local
community,” said Meredith
Marshall, co-founder and
managing partner of BRP
Companies. “Much like
the Crossing at Jamaica
Station, we believe
Archer Towers will
have a tremendous
positive impact on
the neighborhood
and will add to the
vibrancy of downtown
A rendering of Archer Towers.
Jamaica.”
The Urban
I n v e s tme n t
Group within
G o l d m a n
Sachs Asset
Management
p r o v i d e d
financing for
the construction,
which is
slated for completion
in the
spring of 2024.
Goldman Sachs raised the Opportunity
Zone equity for the project. This
investment is also part of GS’s One
Million Black Women initiative, a $10
billion investment strategy to narrow
opportunity gaps for Black women of
the next decade.
Margaret Anadu, Goldman Sachs’
global head of Sustainability and Impact
for Asset Management, said affordable
housing and access to quality jobs are
foundational
elements to
a l
l strong
communities,
and are key
focus areas
of their One
Million Black
W
o m e n
initiative.
“ A r -
c h e r
Towe r s
d r i v e s
both of
t h e s e
impacts,
making
it another
step forward
in
ensuring that this neighborhood will
be a place of choice and opportunity
for the families that call it home for
decades to come,” Anadu said.
Plans for the development include a
range of amenities, including 199 onsite
attended parking spaces, a resident
lounge, a movie/media room, a children’s
playroom, ample landscaped outdoor
and rear yard space, a basketball
and pickleball court, a golf simulator,
a yoga studio, a conference room, a pet
spa and bicycle storage.
Additionally, Archer Towers will
include a number of sustainable design
features, such as the implementation
of Energy Star appliances within each
unit, vertical heat pump systems, a roof
water retention system and sun reflecting/
absorbing solar energy materials on
the exterior facade of the property.
The building is located just blocks
away from Jamaica Terminal, a major
transit hub that provides access to the
AirTrain terminal link to JFK Airport,
as well as the Long Island Rail Road,
and subway and bus lines. The building
is easily accessible from the Grand
Central Parkway, the Jackie Robinson
Parkway and the Van Wyck Expressway.
Southeast Queens lawmakers such
as Senator Leroy Comrie, Councilman
I. Daneek Miller and Congressman
Gregory Meeks were in attendance at
the groundbreaking.
“With the multiple crises our city is
facing, it is critical that we continue to
work collaboratively merging private
and public sector investment for the
growing needs of our community,”
Comrie said. “While the housing piece
is essential, this project will also
bring in much-needed jobs and retail
Photo courtesy of Goldman Sachs
opportunities as well. BRP and GJDC
continue to bring their respective track
records of delivery and performance to
projects here in southeast Queens and I
am excited for this latest development
project to get underway.”
According to Meeks, Archer Towers
is a transformative residential development
that will bring additional affordable
housing offerings to Jamaica,
as well as provide added community
spaces and employment opportunities.
“I am excited about the role it will
play in helping to further Jamaica’s
position as one of New York City’s burgeoning
hubs of business, culture and
innovation,” said Meeks, who is looking
forward to watching the project come
to fruition.
Meanwhile, Hope Knight, president
and CEO of the Greater Jamaica Development
Corporation, said they are also
excited to celebrate the groundbreaking
of another development by BRP Companies
in Jamaica.
“The revitalization of the district is
due in large part to continued investment
by our partners in the public and
private sectors. We look forward to the
job creation, residential growth and
overall economic impact this project will
have in our community,” Knight said.
ground on Archer Towers, a 542,000-square-foot development in Jamaica.
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