Slate Property Group and Grobman-Gross Properties have broken ground on their 166-unit mixed-use project at 69-65 Yellowstone Blvd. in Queens, N.Y., in a qualified opportunity zone.
The development will include 50 affordable apartments and 186 parking spaces across 210,000 square feet in the Forest Hills neighborhood. In addition, the property will feature a large, landscaped common outdoor recreation space on the third floor and rooftop and multiple terraces.
The project is slated for completion in 2023.
Slate formed the joint venture with the Gross and Grobman families — owners of Key Foods — in 2017. This is their second venture. It developed the 114-unit Clinton Hill Apartments in Brooklyn in 2018.
