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Rockaway Beach Medical Center

Rockaway Beach Medical Center

Type

Commercial/Office & Healthcare

Location

Queens, NY

Est. Project Cost

$30.0 million

Size

55,500 SF

Public Financing

New Markets Tax Credit, City

Sponsor

Community Healthcare Associates

Private Financing

Bond Financing

Closing Date

2017

Transit-Oriented Healthcare Development

Bond and tax credit enhanced financing of healthcare development in response to Superstorm Sandy’s devastation causing local hospital closing. Critical healthcare services include multi-specialty ambulatory surgical center, primary and specialty care, imaging, physical therapy, pharmacy, lab diagnostics, and others.

Estimated Economic and Social Impact

Over 100 permanent jobs and over 100 construction jobs.

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