Kennedy Wilson closed a senior construction loan totaling $150 million for Link Apartments QPN, a 417-unit multifamily project under development by Grubb Properties in Long Island City, New York. The loan will facilitate the development of the 26-story multifamily property located in a Qualified Opportunity Zone, with 126 of its units set aside for affordable housing.
Link Apartments QPN is strategically positioned adjacent to the Queensboro Plaza MTA Station, offering direct access to the NYC subway and a convenient commute to Midtown Manhattan. The project will include approximately 7,000 square feet of commercial and retail space and feature best-in-class amenities including a 24-hour fitness center, resort-style pool, outdoor patio and grilling area, game room, coworking space, and more.
