$175.6 million financing deal reached for Elara, 429-unit housing project in Astoria
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$175.6 million financing deal reached for Elara, 429-unit housing project in Astoria
The Domain Companies, a real estate development firm, announced it has received $175.6 million in financing from Wells Fargo for the development of Elara, a mixed-income housing project that will bring 429 new apartments to Astoria, on Tuesday, Aug. 11. Elara will consist of two buildings, which will occupy 35-45 41st St., 35-33 41st St. and 35-42 41st St. Elara East will be 18 stories tall and have 330 of the 429 housing units. It is expected t…
Rendering Revealed for ‘Elara’ 429-Unit Development at 35-45 41st Street in Astoria, Queens
A new rendering has been revealed for Elara, a forthcoming two-building residential complex in Astoria, Queens. Designed by S9 Architecture and developed and managed by The Domain Companies, the 18- and 12-story structures will yield a total of 429 units, with 107 designated as permanently affordable. The project will also include 4,000 square feet of ground-floor retail. The property is addressed as 35-45, 35-33, and 35-42 41st Street and is lo…
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