New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + Outer  + Apartments  | 

Tishman Speyer to Build Second All-Affordable Residential Building in Far Rockaway 

Tishman Speyer’s TS Communities has announced that construction will begin in July on a 13-story, 100% affordable apartment building at Edgemere Commons in Far Rockaway, Queens.  

The building will feature 237 apartments, ranging from studios to 3-bedrooms, with 201 units designated as affordable for households earning between 30% to 80% of Area Median Income (AMI). Additionally, 36 apartments will provide supportive housing for formerly homeless individuals. The project will also include neighborhood-serving retail and community facility space.  

The building is expected to be completed in 2025. This is the second of eleven all-affordable multifamily buildings planned for Edgemere Commons, with a total of 2,050 apartments upon completion. The project has secured financing from various sources, including tax-exempt bonds, construction debt, subsidy loans, and low-income housing tax credits. 


Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Development
New call-to-action