|
|
Article: $260m mart plan for AirTrain site.
- Article from:
- Real Estate Weekly
- Article date:
- October 31, 2007
CopyrightCOPYRIGHT 2007 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A development consortium is joining forces with a major Korean corporation to create a 929,000 s/f international merchandise mart opposite the AirTrain terminal in Jamaica.
The $260 million center is the first economic development project to follow in the footsteps of the historic rezoning of a 368-block area of Downtown Jamaica on September 10.
With the assistance and encouragement of the Greater Jamaica Development Corporation, JFK Center Associates will work with Korea-based Prime to develop the 13-story Techno Mart Queens, a retail and wholesale center expected to employ approximately 3,000 people.
The complex, modeled on Prime's East Techno ...