Archer Green (Jamaica, Queens, New York)

The Partners of SBV, while Managing Members of Omni New York, won a highly competitive NYC Economic Development Corporation RFP to develop a signature 450,000 square-foot, mixed-use, mixed-income development with 387 residential units, 68,000 sf of retail for a supermarket and other retail, and 15,000 sf of community facility space. The project set aside 50% of the units for families/individuals with incomes between 40% and 60% of AMI, and 50% of the units to serve people with incomes between 80% to 130% of AMI. Construction financing for the project was provided by HPD, HDC and Bank of New York Mellon.

Construction was completed in June 2021 with a TDC of $208 million. This LEED Gold building includes a co-generation plant, PV panels and battery storage, as well as two-levels of parking including one level dedicated to the NYC Police Department. SBV’s long-standing commitment to a high level of sustainability, track record for transformative affordable housing projects, and creative approach to community facility and commercial uses, were key factors in winning the RFP. Archer Green is representative of SBV’s experience developing large-scale affordable housing with commercial and community facility uses.