Month: May 2020

PMG Affordable, a new division of real estate developer PMG, is excited to announce they have closed, in partnership with Brisa Builders “Brisa,” on the joint venture’s first land acquisition in New York City. The acquired site, located in Far Rockaway, Queens at 19-15 & 19-19 Cornaga Ave., is planned for a $35 million Supportive Housing project to be co-developed by Brisa Cornaga Associates LLC, a joint venture between PMG Affordable and Brisa.

PMG Affordable, a new division of real estate developer PMG, has closed on its first land acquisition in New York City.

The firm, in partnership with Brisa Builders, has acquired a site in Far Rockaway, Queens, for a $35 million supportive housing project that will be developed by Brisa Cornaga Associates, a joint venture between PMG Affordable and Brisa.

Luxury housing developer PMG is getting into the affordable property business.

PMG Affordable will build its first development in Far Rockaway, Queens, in partnership with the local Brisa Builders.

“We are excited to close on the land acquisition for PMG Affordable’s first deal in New York City and look forward to announcing other transactions very soon in Florida and other markets across the country,” said Dan Coakley, Principal of PMG Affordable.

“We aim to make a positive impact on the community through attainably priced rental housing that improves quality of life for individuals and families.”

In this article, PMG managing partner Ryan Shear addresses the question of what renters look for when buying a new home during the coronavirus pandemic.

In this article, we dive deeper with managing partner Ryan Shear about developing the biggest apartment building in Downtown Orlando.