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Long Island City Luxury Residential Project Lands $350 Million in Financing

The Italic, a mixed-use luxury residential development project in New York’s Long Island City neighborhood, depicted in a rendering, has landed $350 million in debt and equity financing. (JLL)

A 363-unit luxury mixed-use residential and retail development project in the Long Island City neighborhood of Queens, New York, has landed $350 million in debt and equity financing, at a time when higher interest rates have seized up many other lending and market activity.

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