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BRP, Basis Investment Line Up Financing on $378M Jamaica Development
BRP Companies has secured construction financing for 90Ninety, a mixed-income housing development in Jamaica, Queens. Construction on the $378-million project is underway, with completion slated for fall 2025.
90Ninety will deliver 614 residential units to Downtown Jamaica, ranging from studios to two-bedroom apartments. A total of 185 units will be affordable,
The financing moves BRP “one step closer to delivering 90Ninety to the downtown Jamaica community,” said Meredith Marshall, co-founder & managing partner. “90Ninety will provide the local community with workforce housing options, with great amenities, retail, and community space, further adding to the neighborhood’s rapidly growing and vibrant character.”
Basis Investment Group, through its Funds platform, is investing in the project with BRP. Tammy Jones, CEO and Founder of Basis, said, “As someone who grew up in affordable and workforce housing in South Jamaica, Queens, I couldn’t be more excited and proud to be involved in this groundbreaking project.”
- ◦Development
- ◦Financing
