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New York City's office leasing and investment sales markets have declined significantly this year. Everyone is hoping for a better 2024.
NEW YORK, NY - JLL Capital Markets group announced today that it has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, luxury mixed-use community located at 26-32 Jackson Ave. in Long Island City. The property will include 283,000 square feet of residential space and 10,000 square feet of commercial retail space. JLL exclusively represented the borrower, American Lions, a joint venture between Fetner Properties and the Lions...
A venture of Fetner Properties and the Lions Group secured $350 million for The Italic, a 363-unit rental project in Long Island City, Queens.
The 44-story building and retail space will be called River City Plaza. It will have 300 apartments and thousands of feet in retail space
The incentives package for the estimated $166.6 million residential and retail high-rise at the former Landing still needs City Council approval.