Finally, the campaign to convert run-down hotels into reasonably priced apartments is progressing.
One struggling Hilton near JFK Airport in Queens has been identified as a guinea pig for this system.
On Wednesday, developers announced that the state tourism program for 2021, geared toward facilitating the technique of converting hotels into apartments, will finally be used, was first reported by the New York Times.
The Hilton New York JFK Airport on Jamaica Queens, at 144-02 one hundred and thirty fifth Ave., was chosen as the primary troubled hotel to be converted from a short-term to a long-term residential hotel.
According to the Times, 300 units are to be built after the completion of the $150 million redevelopment.
Supporters of the pandemic program argue that this approach to converting existing inns into apartments will prove more practical than constructing recent apartments.
“We must add more units than ever before,” said David Schwartz of Slate Property Group, one among the developers expected to be involved within the redevelopment, in keeping with The Times. “We must make a much bigger cake.”
The non-profit Riseboro Community Partnership i Msquare also they are in the event team of the project.
Governor Kathy Hochul called the announcement “a very important step” toward meeting the needs of New Yorkers who “rely count on their elected officials to do something concerning the housing crisis.”
Between refurbishing the hotel rooms and adding heating systems, the developers anticipate that the previous Hilton rooms will probably be let loose as everlasting apartments inside two years.
The aforementioned 207,000-square-foot Hilton, one among two by the international airport, is being sold by hotel developer Sam Chang after an immersion in foreign tourism damaged the business beyond repair, Crain reported.
According to a layoff notice posted on the state Department of Labor website in March, the 12-story business is about to put off all 125 employees and shut permanently on June 1.
