The former Peninsula Hospital site in the Rockaways will be transformed into a massive residential complex, with nearly all of the apartments slated to be affordable units, Politico first reported.
The news follows two years after the development firm Arker Companies teamed up with Northeast Brooklyn Housing Development Corporation to purchase the development site for $19 million.
Plans for the project were revealed through an application filed with the city—the development will be required to go through a Uniform Land Use Review Procedure (ULURP). The developers are hoping to build 2,200 new apartments, about 1,900 of which will be affordable; new open space, a gym, a medical facility, and over 151,000 square feet of retail all spread out over 17 buildings. Of the total units 270 would be reserved for seniors.