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Slate, Queens Future Reach MOU on Affordable Project Near Proposed Casino

One outcome of a casino license for the proposed $8-billion Metropolitan Park project near Citi Field would be the development of an affordable housing complex. That’s the topline result of a memorandum of understanding (MOU) between Slate Property Group and Queens Future, the joint venture of Hard Rock International and New York Mets Owner Steve Cohen.

Slate and Queens Future on Wednesday announced the MOU for the planned development of a 100% affordable housing project featuring more than 450 units on what is currently a surface parking lot at 54-19 100th St., adjacent to an existing affordable housing site in the Corona neighborhood of Queens. Proceeding with the development would be contingent on Metropolitan Park being awarded one of three downstate casino licenses.

“This partnership highlights the shared dedication of Queens Future and Slate Property Group to equitable and sustainable development in the borough,” said Slate principal David Schwartz.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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 GlobeSt.com 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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