The-Perennial_New-York-City

Joint Venture Begins Construction on $150M Intergenerational Affordable Housing Development in New York City

by Hayden Spiess

NEW YORK CITY — A joint venture partnership between Foxy Development and Selfhelp Realty Group has begun construction on a new intergenerational affordable housing development located in Queens in New York City. Dubbed The Perennial, the property will comprise145 units and will also house the Forest Hills Jewish Center. 

Upon completion, which is scheduled for the end of 2027, the 156,133-square-foot development will feature 124 units of seniors housing, including 44 units for formerly unhoused seniors, as well as 20 family units. All residences will be reserved for households earning at or below 50 percent of the area median income. 

Located at 70-35 113th St. in the Forest Hills neighborhood of Queens, the project is a redevelopment of the former Parkway Hospital building. Parkway Hospital closed in 2008. As part of the construction, a 50,000-square-foot expansion will be added to the building. The project team also includes design firm Newman Design and CityScape Engineering.

“The project will include a complete interior redevelopment and conversion of the building for seniors housing, a vertical two-story addition on top of the existing building, an eight-story addition on the north side of the building, a four-story addition on the northwest corner and various structural reinforcements and revisions of the existing building,” says Brian Newman, principal of Newman Design.

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