OCEAN BAY APARTMENTS (BAYSIDE)
The project was financed with Superstorm Sandy recovery funds from FEMA, along with New York State Housing Finance Agency tax-exempt bonds and equity generated from federal 4% Low Income Housing Tax Credits. The project's total development cost was $560 million, including the FEMA-funded resiliency work.
Construction is underway on three five-story residential buildings at the Bay Terrace Shopping Center in Bayside , Queens. Designed by STUDIO V Architecture and developed by Cord Meyer Development, the structures will add 145 rental units to the 326,445-square-foot shopping complex. The project will replace two surface-level parking lots along 26th Avenue between 210th Place and 212th Street ...
Key Details About Project Bayside Apartment
Construction is underway on three five-story residential buildings at the Bay Terrace Shopping Center in Bayside , Queens. Designed by STUDIO V Architecture and developed by Cord Meyer Development, the structures will add 145 rental units to the 326,445-square-foot shopping complex. The project will replace two surface-level parking lots along 26th Avenue between 210th Place and 212th Street ...
Council Member Vickie Paladino, who represents a swathe of northeast Queens, voted to advance an affordable housing development in Bayside despite initial opposition.
Ocean Bay Bayside MDG Design Construction
Ocean Bay Bayside Ocean Bay Apartments was New York City's first and the nation's largest single-site public housing conversion under HUD's Rental Assistance Demonstration (RAD) program.
The Ocean Bay Apartments ( Bayside ) complex is comprised of 24 apartment buildings with 1,395 apartments providing housing for over 6,000 residents located on a 32-acre site. The complex consists of twenty 7-story buildings around the perimeter of two city blocks, and four 9-story buildings centrally located within the sites.
PDF Project Overview
Project Overview Cord Meyer Development is introducing a residential component to the Bay Terrace Shopping Center, marking a new phase in the long-term evolution of one of Bayside's most established destinations. The project will transform underutilized upper-level parking areas off 26th Avenue into a cohesive residential environment that complements the surrounding neighborhood while ...
Organization Name: RDC Development (MDG Design + Construction, LLC and Wavecrest Management) Project Title: Ocean Bay Apartments Project Location: Arverne neighborhood of Far Rockaway, Queens Project Goals: Completed and first occupied in the early 1960s, Ocean Bay provides crucial public housing to some of the region's must vulnerable populations. The complex was already facing critical ...
Ocean Bay Bayside
Ocean Bay Bayside is now considered the model that RAD is a viable and effective model in New York City. Crime rates in the area decreased significantly, maintenance requests are down and resolved in a small fraction of the time, and residents are overwhelmingly happy with the new and improved community.
