Ground has been broken for Beach Green Dunes II, a 100 percent affordable housing development in Far Rockaway, Queens.
The Curtis + Ginsburg Architects-designed development will bring 127 apartments affordable to very-low, low- and moderate-income households to the Far Rockaway community, along with approximately 3,000 s/fof ground-floor retail, and 50 parking spaces for residents.
NYC Council Member Donovan Richards joined L+M Development Partners, Triangle Equities, the New York City Department of Housing Preservation & Development (HPD) and the New York City Housing Development Corporation (HDC) for a ground breaking ceremony last week.
The eight-story building will be passive house-certified with ultra-low energy costs thanks to a geo-thermal cooling and heating system and will be built with resilient design features to prevent flooding and storm damage.
Beach Green Dunes II is a continuation of L+M Development Partners’ commitment to the community of the Rockaways, following the restoration of the Arverne View complex after Superstorm Sandy. Completion is expected in December 2019.
“The groundbreaking of Beach Green Dunes Phase II signifies the revival of the Edgemere community and the continued investment coming into the Rockaways,” said Council Member Donovan Richards.
“With the addition of 127 mixed income affordable units with passive house amenities and ground floor retail space, this is the model of development that the Rockaways deserves and expects to see in the future. I would like to thank HPD Commissioner Maria Torres-Springer, Ron Moelis and the rest of the development team at L+M Development Partners for their continued commitment to the Rockaway community.”
“Beach Green Dunes II builds on L+M’s long-term commitment to developing quality affordable housing in the Rockaways,” said Ron Moelis, CEO and Founding Partner of L+M Development Partners.
“I’ll never forget the work we did to turn around Arvene View after Superstorm Sandy, and we’re really focused on making Beach Green II a model for resilient, sustainable, green affordable housing development. Thanks to Council Member Richards and all our partners in helping us to deliver 127 critically needed affordable homes in the Rockaways.”
“It’s an honor to be turning Beach Green Dunes II into a reality and to provide much needed value by way of affordable and sustainable housing for Far Rockaway,” said Lester Petracca, President of Triangle Equities.
Resilient design features are a key component to the Beach Green Dunes II project and are crucial to neighborhoods severely impacted by Superstorm Sandy.
For example, there will be no residential units on the ground floor and the building will include wet and dry flood proofing to help prevent flooding and recover quickly from any flooding that does occur.
Additionally, the building’s residential areas are designed to prevent molding from flooding, and the ground-floor commercial space will include floodgates and waterproofed walls. Finally, the entire site, including paving, is designed with permeable surfaces to handle floods, as well as extreme “king tides,” which happen seasonally in the Rockaways, flooding streets for a portion of the day.
The Closed Loop Geothermal System is a central aspect of the energy-efficient design, with heating and cooling system standing for typical boilers and cooling tower equipment.
Constant low groundwater temperature enables apartments to be cooled at substantially low cost throughout summer.
The building will feature the largest geothermal system in the Rockaways and ease costs for residents and building management.
Additionally, the building will include solar panels on the roof and over the parking area and bioswale gardens at its base to treat and retain storm water.
Beach Green Dunes II will also include outdoor space featuring a play area for children. The building is adjacent to the Beach 44 Street A-Train subway station and two blocks from the Rockaway Beach Boardwalk.
The total development cost for Beach Green Dunes II is approximately $53.8 million. HDC provided $19.79 million in tax exempt bonds towards construction financing and $8.2552 million in subsidy towards permanent financing from their corporate reserves. HPD provided $18.4154 million in City Capital in permanent financing.