The redevelopment of the NYPD parking garage is the first major milestone to arise from the Jamaica NOW Action Plan, a $153-million neighborhood revitalization initiative announced in 2015 by the de Blasio Administration, Queens Borough President Katz and the NYCEDC.
The purchase of One Nashville Place marks the private real estate equity firm’s entrance into the Music City commercial market.
Brookfield Infrastructure, an affiliate of Brookfield Asset Management, has committed to fund half of the required initial equity investment, currently estimated to be approximately $613 million.
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