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REA
May 13, 2020  

NY Developer Seeks Equity Partner

A developer is looking to raise about $95 million of equity for a multi-family construction project in Queens, N.Y.BRP Cos. hired JLL to line up an equity partner for&nbsp;<span style="background-color: initial;"&rt;the planned 24-story building, dubbed Archer Towers, in the borough’s Jamaica neighborhood. The building site is a 55,000-square-foot lot, at 163-05 Archer Avenue, that currently is vacant.</span&rt;The project’s estimated cost is $286...


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