NEW YORK CITY — Locally based developer Slate Property Group (Slate) and Queens Future LLC, which is a joint venture between Mets owner Steve Cohen and Hard Rock International, have formed a partnership to develop a 450-unit affordable housing project located in the Corona neighborhood of Queens.
The site is located at 54-19 100th St., currently houses a parking lot adjacent to an existing affordable housing complex. Units will feature a range of floor plans and income restrictions, and the property will have community and amenity space, including an improved outdoor area and a new children’s playground for the surrounding buildings.
Queens Future will provide financial support to a to-be-named nonprofit organization, which will work with Slate to develop and manage the property.
Additionally, Slate and Queens Future have issued a memorandum of understanding (MOU) for the development of the community. The proposed MOU will come into effect should Metropolitan Park, the mixed-use entertainment district planned for the area around Shea Stadium, receive one of three downstate gaming licenses.