Login

Developer Pivots Queens’ First Coliving Project to Conventional Apartments

Simon Baron Plans Higher Rents, CMBS Loan Analysis Shows
At the Alta LIC apartment complex in Queens, New York, 169 of the 466 units were for coliving, but that's changing. (CoStar)
At the Alta LIC apartment complex in Queens, New York, 169 of the 466 units were for coliving, but that's changing. (CoStar)

Previously touted as one of the largest coliving apartment buildings in the country, Simon Baron Development has secured a $217 million refinancing of Alta LIC to help move away from the concept.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


  • Properties
    • Alta LIC

      29-22 Northern Blvd, Long Island City, NY