Construction begins on 10-story condo in Queens

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RJ Capital Holdings and RB Realty Capital secured $65 million in loan from CIT Bank and Naftali Credit Partners for their a condominium project in Queens, reports the Commercial Observer.

The 25,000-sq.-ft. building will rise on a lot at 107-02 Queens Blvd. in Queens’ Forest Hills section.

Designed by Jarmel Kizel Architecture and Engineering, the 10-story building will include 74 condo units. It will include a parking garage, a gym and a rooftop deck.

Construction has started on the project which is set to be completed in 2021.

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