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27-01 Jackson Ave rendering Long Island City

Fetner/Lions Group JV Lines Up Financing for LIC Rentals

American Lions, LLC, a joint venture between Fetner Properties and the Lions Group, said Tuesday its first project, 27-01 Jackson Ave. In Long Island City, is fully financed, with $95 million in backing from Bank Leumi USA, Leumi Partners, and Israeli Discount Bank. The JV will build a 27-story rental building with 164 apartments, 30% of which will be affordable. 

“We are proud to be part New York City’s economic recovery with the start of this project, and more importantly, we look forward to meeting the housing needs of New Yorkers from a wide range of economic backgrounds in the heart of Long Island City,” said Hal Fetner, president and CEO of Fetner Properties.  

27-01 Jackson Ave. is the first of a two-phase project for American Lions, which will include another tower across Jackson Avenue. SLCE Architects is the architect for both residential rental buildings. 

Rendering courtesy of SLCE Architects.


Inside The Story

Fetner PropertiesThe Lions Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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