Cirrus Buys Jamaica Garage for Housing

Cirrus Real Estate Partners and Resorts World just splashed $46 million on a Jamaica, Queens parking garage — the first step in a bold new workforce housing initiative. They plan to transform the 240,000-square-foot site into up to 700 homes, with ambitions to build 50,000 units citywide. Tied to Resorts World’s massive casino expansion — set to open in 2031 with thousands of slots, hotel rooms, and an arena — this project is part of a state gaming license deal. Though Cirrus has deep real estate finance roots, this is their first ground-up development. The site’s prime zoning and the neighborhood’s recent rezoning for 12,000 new homes make it a perfect fit. This isn’t just a property play — it’s a long-term bet on affordable housing and community growth in a high-demand area. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/470094f2b00c07ba