{"id":352838,"date":"2026-09-21T21:46:14","date_gmt":"2026-09-21T21:46:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/352838\/"},"modified":"2026-09-21T21:46:14","modified_gmt":"2026-09-21T21:46:14","slug":"cord-meyer-breaks-ground-on-100m-queens-housing-project-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/352838\/","title":{"rendered":"Cord Meyer Breaks Ground on $100M Queens Housing Project"},"content":{"rendered":"\n

This story was originally published on CRE Daily<\/a>. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry analysis delivered straight to their inbox with the free CRE Daily newsletter<\/a>. <\/p>\n

Key Takeaways <\/p>\n

Cord Meyer broke ground on a $100 million-plus residential project delivering 145 rental apartments across two five-story buildings in Bayside, Queens. <\/p>\n

The homes, ranging from studios to three-bedroom units, will rise on underutilized parking areas at the recently renovated Bay Terrace Shopping Center. <\/p>\n

The project extends Cord Meyer’s more than 120-year presence in Queens and follows the developer’s ongoing 203-unit residential project in White Plains. <\/p>\n

Cord Meyer Development has broken ground on a $100M residential project<\/a> at its Bay Terrace Shopping Center in Bayside, Queens, according to GlobeSt.com. <\/p>\n

The repositioning will add 145 rental apartments across two five-story buildings on underutilized parking areas off 26th Avenue. It’s the latest phase in Cord Meyer’s ongoing overhaul of the shopping center. <\/p>\n

Building on a Renovation <\/p>\n

The residential push follows a multimillion-dollar renovation of the Bay Terrace Shopping Center. The center now houses 19 food-and-beverage tenants and 12 apparel and accessories retailers. <\/p>\n

Tenants include Stop & Shop, Outback Steakhouse, and Old Navy. <\/p>\n

“We’re providing residents with convenient access to grocery shopping, restaurants, entertainment, fitness and a wide range of national and local retailers,” said Joe Forgion, Cord Meyer’s vice president and project lead on the Bay Terrace development. <\/p>\n

The Details <\/p>\n

The 145 units will range from studios to three-bedroom apartments. Many will include private terraces. Some ground-floor homes will also have individual entries. <\/p>\n

Planned amenities include rooftop terraces and outdoor gathering areas. The project will also feature a clubhouse and resident lounges. <\/p>\n

Callahan Construction Managers is serving as general contractor. Cord Meyer expects to deliver the residential community by early 2028. <\/p>\n

Zooming Out <\/p>\n

The Bayside project adds to a Queens development pipeline that has been thinning elsewhere in the city. The condo pipeline<\/a> is also projected to shrink over the next several years. <\/p>\n

Cord Meyer has owned property in Queens for more than 120 years. The Bay Terrace site marks its latest bet on the borough’s residential demand. <\/p>\n

The developer is building on an underused parking lot instead of acquiring new land. That approach lets Cord Meyer add housing without disrupting existing retail tenants. <\/p>\n

Those tenants already generate income at the site. <\/p>\n

Why It Matters <\/p>\n

Retail-to-residential conversions reflect a broader industry push. Developers are pairing housing with existing commercial infrastructure instead of building from scratch. <\/p>\n

That strategy can reduce costs and shorten delivery timelines. It also echoes how other NYC developers<\/a> have used underused sites to add units faster. <\/p>\n

The project also signals confidence in Queens multifamily demand. Citywide vacancy rates remain near historic lows. <\/p>\n

That environment gives developers more incentive to turn underused commercial land into housing. For Cord Meyer, the strategy also connects new apartments to a recently renovated shopping center. <\/p>\n

The built-in retail access could help the developer lease the units more quickly. <\/p>\n

What’s Next <\/p>\n

Cord Meyer is also advancing a 203-unit residential project in White Plains. The project signals plans to keep expanding the company’s housing pipeline across the region. <\/p>\n

Delivery of the Bayside apartments is targeted for early 2028. Callahan Construction Managers will oversee construction through completion. <\/p>\n

More from CRE Daily <\/p>\n","protected":false},"excerpt":{"rendered":"This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market…\n","protected":false},"author":2,"featured_media":352839,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[33651,33652,131644,9,24,63,122,124,123,131646,131645],"class_list":["post-352838","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-bay-terrace-shopping-center","tag-bayside","tag-cord-meyer","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news","tag-rental-apartments","tag-residential-project"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/352838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=352838"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/352838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/352839"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=352838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=352838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=352838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}