Barone Management Purchases Two Redevelopment Sites in Queens

NEW YORK CITY — New York-based developer Barone Management has acquired two parcels of land with a total of 295,000 buildable square feet at 89-25 161st St. and 89-25 162nd St. in the Jamaica neighborhood of Queens. Barone plans to build an educational institution and two new residential buildings on the parcels. The projects are slated for completion in 2021. The parcel located at 89-25 161st St. includes the 70,000-square-foot building that was formerly home to Dominican Commercial High School — founded by the Sisters of St. Dominic in 1936 — which became one of the premiere business schools for girls in New York City. The parcel at 89-25 162nd St. includes a convent building and a parking lot. Barone acquired the properties from the Sisters of St. Dominic.