Image courtesy of Local Office Landscape/Bernheimer Architecture
December 17, 2021
NYC’s first net-zero community moves forward in Far Rockaway
After more than 40 years of planning, the construction of New York City's first net-zero community is moving forward. L+M Development Partners, the Bluestone Organization, and Triangle Equities have agreed on $30.3 million in financing, signaling the beginning of phase one of Arverne East, a sustainability-focused, mixed-use development project in Far Rockaway. The project will bring 1,650 new units of housing, with 80 percent of them affordable, to a 116-acre oceanfront site that has been vacant for more than four decades.
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