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HDC Press Releases
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April
15, 2008
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HDC Approves LEED Silver-certified Residential Building for Queens College Campus
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New
York, N.Y., April 15th,
2008 – The New York City
Housing Development
Corporation (HDC) closed
on $72,000,000 in
tax-exempt bonds for
constructing a 144-unit
student housing
development, located on
the Queens College
Campus.
The Project will be
located on the Queens
College campus at 65-30
Kissena Boulevard. The
site is at the southeast
corner of the Campus
near the intersection of
Melbourne Avenue and
Reeves Boulevard to the
south of Fitzgerald Gym
and to the North of
Rosenthal Library.
Although this
development was intended
to be for only
undergraduates, the
building will also
include apartments for
graduate students,
faculty, staff, as well
as resident advisors.
This newly constructed
development will consist
of a single building
with three, four and
five story sections
connected by walkways.
In total, the buildings
will comprise of
approximately 155,738
square feet, with an
underground garage for
about 89 cars.
Each apartment will be
furnished and will
include one or more
bathrooms and a kitchen
with a stove,
refrigerator, sink, and
microwave oven.
Residents will have
their own closet,
semi-private vanity area
with. Amenities will
include laundry
facilities, fitness
center, conference
rooms, a social lounge
with television and
seating, public
restrooms,
administrative offices
and conference area.
Wireless internet
service will be
available throughout the
facility, including
outdoor patio areas. The
Project is expected to
be LEED
Silver-certified, based
upon the types of
building materials, the
nature of its
landscaping, energy
efficiency and minimal
land disturbance.
Emergency phones and
CCTV, strategically
placed on each floor and
in the parking garage
beneath the Residential
Building, will be
connected to the Queens
College campus security.
Queens College currently
offers no on-campus
housing opportunities,
although the College
does house some athletes
in off campus
apartments. The College
strongly believes that
by offering on-campus
housing, the overall
student experience will
be improved. In
particular, the College
is seeking to target
students in the sciences
and in music.
The developer of the
project, Capstone
Development Corporation,
is a for-profit
developer and operator
of student housing.
Capstone has developed
68 residential
communities totaling
over $1.25 billion in
investments. The
management agent for the
Project will be Capstone
On-Campus Management,
LLC.
The New York City
Housing Development
Corporation (HDC)
provides a variety of
financing programs for
the creation and
preservation of
multi-family affordable
housing throughout the
five boroughs of New
York City. HDC is
implementing Mayor
Bloomberg’s New Housing
Marketplace Plan to
build and preserve
165,000 units of
affordable housing over
ten years. The New
Housing Marketplace Plan
is the largest municipal
affordable housing
effort in the nation’s
history. Our programs
are designed to meet the
wide-range of affordable
housing needs of the
City's economically
diverse population.
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