**Affordable Housing Development Planned Near Proposed Casino in Queens**
An affordable housing complex is set to rise near Citi Field as part of an $8-billion Metropolitan Park development proposal—pending approval for a casino license. The initiative results from a newly signed Memorandum of Understanding (MOU) between Slate Property Group and Queens Future, a joint venture between Hard Rock International and New York Mets owner Steve Cohen.
Announced on Wednesday, the MOU outlines plans for a 100% affordable housing project consisting of more than 450 units. The complex would be developed on a surface parking lot located at 54-19 100th Street, adjacent to an existing affordable housing site in the Corona neighborhood of Queens. The project will move forward only if Metropolitan Park is awarded one of the three coveted downstate casino licenses.
“This partnership highlights the shared dedication of Queens Future and Slate Property Group to equitable and sustainable development in the borough,” said David Schwartz, Principal at Slate Property Group.
The proposed housing aims to address the growing demand for affordable living options in Queens while tying into a larger vision for responsible and inclusive development in conjunction with the Metropolitan Park casino and entertainment proposal.
