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Jamaica, Queens New York 2018 About Jamaica an INTRODUCTION

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Jamaica, Queens New York 2018 About Jamaica an INTRODUCTION Jamaica, Queens New York 2018 About Jamaica AN INTRODUCTION A transportation hub in the One of the city’s most A civic center for heart of Queens, New York diverse and vibrant local government in and next to JFK airport shopping districts Queens County 2 Residents DEMOGRAPHICS & INCOME PROFILE WORKERS: APPROX. 15,000 WORKERS WITHIN A 1/2 MILE JAMAICA: Average HH Income: $55,954 FRESH MEADOWS Med Home Value: $415,196 2.25 MILES Avg. listing price: $472,500 JAMAICA ESTATES 0.75 MILES FRESH MEADOWS: Average HH Income: $86,706 Med Home Value: $884,279 Avg. listing price: $1,050,000 F RICHMOND HILL: 179 Street JAMAICA QUEENS VILLAGE Average HH Income: $75,506 2.75 MILES Med Home Value: $521,687 E J Z Avg. listing price: $574,995 Jamaica Center JAMAICA ESTATES: Average HH Income: $93,424 Med Home Value: $1,070,170 RICHMOND HILL Avg. listing price: $1,195,500 1.25 MILES CAMBRIA HEIGHTS 3 MILES QUEENS VILLAGE: ST ALBANS Average HH Income: $81,963 1.75 MILES Med Home Value: $476,862 Avg. listing price: $522,500 CAMBRIA HEIGHTS: Average HH Income: $94,177 Med Home Value: $447,634 Avg. listing price: $499,000 ST ALBANS: Average HH Income: $83,969 Med Home Value: $431,487 Avg. listing price: $488,500 SPRINGFIELD GARDENS: SPRINGFIELD GARDENS Average HH Income: $72,852 2.75 MILES Med Home Value: $428,803 Avg. listing price: $460,000 Sources: American Community Survey 2012-2016 Profile, Neighborhood Tabulation Areas(NYC Population Factfinder) Zillow.com - Neighborhood Home Prices & Home Values, accessed May 16, 2018 3 Convenience and Comparison Subdistrict Who’s already here Institutional Subdistrict AND WHO’S COMING Nationals & Regionals Comparison Subdistrict 164 169 S S T AV T 89 161 S T P ARS M O ERR NS B ICK L V D B L V D 148 AV S 88 V SUTPH A T ICA MA JA I N B L V D Queens Supreme Court AV RUFUS ARCHER Queens Civil KING Court PARK Queens Social Security Administration Queens Family Court LONG ISLAND RAILROAD Jamaica Multiplex Cinemas 4 AV 95 88 Retail and Commerce UNRIVALED OPPORTUNITIES FOR GROWTH QUEENS 2.3 MILLION PEOPLE AND GROWING LONG ISLAND 2.8 MILLION PEOPLE Stores in Queens (Total: 69) Stores in Long Island (Total: 246) 34 28 18 13 15 12 9 8 APPAREL 4 6 GENERAL & OTHER STORES 5 EATING AND DRINKING 3 3 2 1 1 1 1 1 4 3 0 3 2 6 4 40 DSW H&M Chipotle Journey's Party City Starbucks Foot Action Target (City) Furniture Panera Bread Factory Store Bob's Discount Banana Republic Macy's Backstage 5 Victoria's Secret/Pink Walmart (Neighborhood) Daytime population TRAFFIC AND PEDESTRIAN COUNTS 575,663 Total commuters passing through Jamaica AVERAGE WEEKDAY daily using public transportation SUBWAY RIDERSHIP 2016 71,051 41,603 at Jamaica Center Average Weekday Subway Ridership RIDERS at Jamaica Stations combined 1 15,820 at Downtown Average Jamaica Air Train daily ridership 42,711 RIDERS Brooklyn 2 (Atlantic Avenue – 98,297 Barclays Center) Average LIRR weekday ridership at Jamaica Station 29,423 on 125th Street 390,495 RIDERS (and St. Nicholas Ave) Average weekday ridership on all bus lines in Jamaica3 combined 1- Port Authority of New York and New Jersey, 2017 2- Sam Schwartz 2015 3- Ridership Totals for MTA Bus, MTA New York City Bus, and Nassau Inter-County Express Bus, 2016 6 Major Investments IN PUBLIC AND PRIVATE INVESTMENT OVER $1BILLION BETWEEN 2008 AND 2018, INCLUDING: QUEENS LIBRARY - CHILDREN’S DISCOVERY CENTER JAMAICA PERFORMING ARTS CENTER MODA UPGRADED LIVING TREE OF LIFE CENTER 7 Residential Development is Booming NEARLY 4,000 NEW APARTMENTS ARE IN THE PIPELINE... THE CROSSING AT JAMAICA STATION ALVISTA TOWERS A mixed use development with ground floor retail and 26 story tower with 380 affordable units two residential towers at 26 and 14 stories each, consisting of 669 units. Fitness center, yoga room, and two outdoor Currently in construction; to be completed by 2020 terraces. First tenants move in May 2018. Source: FXFOWLE Source: GF55 Partners 8 New Retail and Hospitality On Its Way ...OVER 500,000 SQUARE FEET OF NEW RETAIL + 2,262 NEW HOTEL ROOMS COMING FOUR-STORY RETAIL COMPLEX HILTON GARDEN INN MARRIOTT COURTYARD/ 150,000 square feet of retail space with 27 story hotel consisting of 225 hotel rooms tenants Burlington Coat Factory, TJ Maxx, with a full service restaurant, meeting space, FAIRFIELD INN AND SUITES 15 story dual-branded hotel, with 338 hotel rooms. and H&M. Currently in construction; gym, and pool. Completion by 2020. Currently in construction; Completion by Spring 2019 Completion by Spring 2019. Source: GreenbergFarrow Source: GF55 Partners Source: Raymond Chan Architect PC. 9 Opportunity Sites throughout the Downtown 14 NEW HOTEL PROPERTIES + 31 MIXED-USE DEVELOPMENT SITES + 12 POTENTIAL DEVELOPMENT SITES // 20 IN CONSTRUCTION, 5 COMPLETED 87th Dr 165th St 148th St 148th 164th St 150th St 150th 87th Rd 167th St Hillside Avenue Hillside Avenue Hillside Avenue 169th Street 144th St 144th Sutphin Boulevard Parsons Boulevard (F) (F) 138th St (F) Queens Blvd 88th Avenue 139th St 88th Avenue 145th St 145th 148th St 148th Jamaica St 146th 88th Avenue Van Wyck 172nd St (E) UEENS 171st St Q 169th St 170th St 88th Road 168th Pl Jamaica Avenue SUPREME COURT 89th Avenue 165TH Sutphin Boulevard Sutphin Van Wyck Expressway 89th Avenue QUEENS 89th Avenue STREET BUS LIBRARY QUEENS Merrick Boulevard 90th Avenue TERMINAL 168th St CIVIL R U F US COURT 165th Street Mall K ING 164th St 163rd St 90th Avenue 162nd St Parsons Boulevard 149th St 149th 161st St 148th St 148th 150th St 150th 90th Avenue 160th St 91st Ave 90th Avenue P AR K 153rd St 155th St 138th St 138th St 139th 143rd St 143rd 138th Pl 138th 144th Pl 144th Lowe Ct Jamaica Avenue Pl 168th 170th St 170th 91st Avenue St 172nd 147th Pl 147th Sutphin Boulevard 165th St 148th St 148th Jamaica Avenue Union Hall St Archer Avenue 168th St JFK Airport 92nd Rd QUEENS ADDABBO (E/J/Z) FAMILY FEDERAL OURT Archer Avenue C BUILDING 93rd Avenue LIRR Jamaica Center Archer Avenue Archer Avenue Parsons/Archer J AMAI C A S TATION (E/J/Z) Guy Brewer Boulevard 160th St 165th St A IR T RAIN 150th St 94th Avenue Trappe Pl Douglas Ave 157th St FDA Sutphin Boulevard Beaver Road BUILDING 149th St 95th Avenue 148th St 147th St OR K OLLEGE Liberty Avenue Brisbin St Y C Waltham St Allendale St 168th St Liverpool St 169th St 170th St T H E C ITY U NIVERSITY Liberty Avenue 171st St Van Wyck Expressway O F EW OR K 103rd Rd N Y Tuckerton St 97th Avenue 104th Ave Merrick Boulevard 104th Ave Remington St Liberty Avenue Sanders Pl Cresskill Pl 150th Street 150th Gunzburg Rd South Road H ONEYWELL 105th Ave 148th St 104th Rd 165th St 164th St 164th Pl Union Hall St 101st Avenue F ARMS 159th St 157th St 106th Ave Sutphin Boulevard 156th St Waltham St South Road 171st Pl 171st 102nd Avenue St 172nd 155th St Liverpool St 166th St 107th Avenue 154th St 107th Avenue Princeton St 153rd St Lloyd Road Liberty Avenue 107th Avenue Hendrickson Pl 10 Media Coverage Developers hope to change the face of transit hub in Jamaica, Queens Jamaica is pegged as next NYC hotspot: Queens neighborhood is primed for growth Downtown Jamaica, Queens, sees revitalization via new construction projects Signs that this time, Jamaica's renewal is real Envisioning a walkable downtown Jamaica: President of GJDC encourages new residential development within rich transit hub 11 CONTACT Justin K. Rodgers Managing Director, Real Estate and Economic Development Greater Jamaica Development Corporation 90-04 161st Street, 7th Floor Jamaica, NY 11432 P: 718.291.0282 X147 F: 718.658.1405 Mary Reda Director, Real Property Operations Greater Jamaica Development Corporation 90-04 161st Street, 7th Floor Jamaica, NY 11432 P: 718.291.0282 X124 F: 718.658.1405 http://www.gjdc.org Issued May 2018.
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