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Century Development plans 88-unit building in Jamaica

therealdeal.com/2017/04/07/century-development-plans-88-unit-building-in-jamaica/

Rendering of 148-31 90th Avenue

Project will be a mix of condos and rentals, with 15% of units affordable

George Xu’s Century Development Group is planning an 88-unit residential building on a vacant site in Jamaica, the developer told The Real Deal.

The eight-story building at 148-31 90th Avenue will span 70,000-square-foot, and include a 44-car parking garage. Of the 88 units, 15 percent will be affordable, and market-rate rents will range from about $1,400 for a studio to $2,400 for a two-bedroom.

Xu intends to file a condo offering with the New York State Attorney General’s office and retain some units as rentals. He picked up the vacant lot on 90th Avenue for $5.7 million from Keung “Ken” Cheng, another Queens-based developer.

Raymond Chan Architects, the architect for all of the Flushing-based Century’s projects, designed the project. Renderings show a tri-colored facade, the colors alternating between segments of varying heights, and rooftop terraces between the penthouse units.

This is Xu’s second project in Jamaica, an area the developer said is changing rapidly. His first project, a 109-unit condo building at 148-33 88th Avenue, also designed by Raymond Chan, is currently under development. Xu is also developing two condo-hotel hybrid developments — a 250-key Westin hotel at 137-61 Northern Boulevard in Flushing and the 176-key Farrington project at 134-37 35th Avenue.