Phase One of 116-Acre Rockaway Development Moves Ahead

The recently secured $30.3 million in financing will allow the first phase to move ahead of the planned 116-acre ocean waterfront development to rise in the Arverne and Edgemere neighborhood of the Rockaways. As part of first phase construction a 35-acre nature preserve will be created. L+M Development Partners, the Bluestone Organization, and Triangle Equities are developing the project that will upon full completion include 1,650 housing units, retail space, a beachfront hotel.