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Welcome Downtown Jamaica offers the most advantageously positioned and lowest priced major real estate development opportunities in New York City. The 368-block September 2007 rezoning of Jamaica (click here for a map of the zoning changes) has unlocked the Downtown's potential for major real estate development. With the recent completion of New York's futuristic $3 billion Air Train, which links all JFK Airport terminals directly to a new $350 million terminal in Jamaica, Greater Jamaica Development Corporation is turning Downtown Jamaica into a gateway between America's most important city and its largest airport. “Transit-oriented development” is the key to turning these unique locations into a hub of easily accessible economic development opportunities. New businesses that move into many areas of Downtown Jamaica can also benefit from generous Empire Zone tax credits, and GJDC can help new and existing businesses gain access to other business incentives. In the next few years, a major hotel and retail mall, as well as top quality commercial space, will be developed in Downtown Jamaica to support uniquely situated commerce connected to JFK. New housing already underway—and in the planning stages—will support this development. We invite you to join us in this opportune season of growth. GJDC's 40th Annual Report For a copy of the report click the icon below: (12 MB pdf) |
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Recent News Downtown Jamaica re-zoned in largest geographic re-zonining New York City history For more info click here
'Airport Village' anchored by three incoming hotels Queens Chronicle April 10, 2008 (PDF) The Greater Jamaica Development Corp. revealed last week the name of the company which will run the first hotels in the rezoned area of Jamaica. Construction is set to begin soon on two Marriott hotels in the area, a deal which GJDC President Carlisle Towery said has ... Jamaica will welcome a hotel boom Daily News April 8, 2008 (PDF) Major Hotel development -- including a 16-story Marriott Courtyard with 172 rooms, a 150-room Residence Inn and a third 150-room hotel -- is planned for a proposed "airport village" in downtown Jamaica. The sudden boom is the direct result of the rezoning of some 368 blocks in downtown ... New York Post April 7, 2008 (PDF) An MTA printing facility beneath Long Island Rail Road tracks in Queens will soon be transformed into a brand-new shopping area. The Greater Jamaica Development Corp. has entered into a long-term lease with the Metropolitan Transportation Authority to take over 12,000 square feet ...
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