The JFK International Airport Redevelopment Project involves the redevelopment of Building 78 at JFK Airport, a 172,165 square foot facility on a 14.4 acre site with direct access to the airport’s active runway system. The new Building 78 has been named “The ARK at JFK” and is providing much needed space to support general cargo operations and the agricultural industry at JFK Airport.
“We are very pleased to receive an I-924 approval of our JFK International Airport Redevelopment Project from USCIS,” said Paul Levinsohn, Co-Managing Principal of the NYCRC. “This is an important milestone for a key redevelopment project in the city’s largest airport.”
This project approval follows two recent additional I-924 approvals issued for NYCRC projects -- the New York City Wireless Infrastructure Project (Phase II) and the Brooklyn Navy Yard Project(Phase III). In December of last year, the NYCRC also announced the full repayment of the $60 million loan to 120 EB-5 investors in its first project offering in the Brooklyn Navy Yard.