The new ownership plans to invest and additional $55 million to redevelop the 531-room property.
TS Communities has partnered with Arker Companies to acquire and develop 10 of the 11 available sites at Edgemere Commons, a 2,050-unit affordable housing development in the Far Rockaways.
Low existing inventories and strong buyer demand are reasons for optimism.
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In order to reach the fastest-growing renter segments in the U.S. (Gen Z and Millennials), property owners need to stand out from the crowd with amenities that fit renter needs. This whitepaper explores the emerging trends that are attracting these renters, along with the amenities that will shape expectations for digital access, financial flexibility and convenience for years to come.
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