Madison Realty Capital’s 500K-Square-Foot Development in Queens

Stroock & Stroock & Lavan LLP won City Council’s approval for rezoning to accommodate a 500,000-square-foot mixed-use development by Madison Realty Capital, a leading real estate management firm in New York.

Stroock & Stroock & Lavan LLP won City Council’s approval for rezoning to accommodate a 500,000-square-foot mixed-use development by Madison Realty Capital, a leading real estate management firm in New York.
The project will add 431 apartments, 129 of which will be offered as affordable housing, to the Woodside and neighboring communities.

The development, situated on Queens Boulevard between 69th and 70th Streets, is the first ground-up project in Queens for Madison Realty Capital. Its features include a K through 5 elementary school, dual residential towers and more than 5,000 square feet of local-oriented retail.

Madison Realty Capital LP is a real estate investment firm specializing in flexible debt and equity financing solutions for middle-market transactions. The company, led by Joshua Zegen and Brian Shatz is based in New York.

Stroock advised Madison Realty Capital with a team including Ross Moskowitz (Picture), John Egnatios-Beene, E. Gail Suchman and Ashley Doukas.

 

Involved fees earner: Ross Moskowitz – Stroock; John Egnatios-Beene – Stroock; Gail Suchman – Stroock; Ashley Doukas – Stroock;

Law Firms: Stroock;

Clients: Madison Realty Capital LP;