CHA Partners Announces Lease-Up of Rockaway Beach Medical Complex

CHA Partners, a vertically integrated real estate developer with deep roots in the healthcare industry, today announced that the transformative, $35 million, 60,000-square-foot medical arts complex at 105-20 Rockaway Beach Blvd. is 100% leased, bringing top-quality healthcare to a medically underserved area in Rockaway Beach.

“It's been a long time since high-quality medical offices were built for Rockaway residents, and CHA Partners is proud to collaborate with NYCEDC, Chase Bank, and Provident Bank to realize the greatest level of services possible in this vital and vibrant part of New York City,” said CHA Partners Managing Partner Bill Colgan. “What began with a desire to provide a much-needed community asset has led us to create the best medical arts facility in the region.”
Tenants at the Rockaway Beach Medical Arts Complex include St. John’s Episcopal Hospital, MercyFirst children and family care, and the Ambulatory Surgery Center of Rockaway Beach. St. John’s Episcopal Hospital’s services will include primary care, dermatology, endocrinology, physical therapy, behavioral health, cardiology, neurology, general surgery, women’s health, and cancer care.

"The COVID-19 pandemic not only stole the lives of nearly 700 Rockaway residents, it has also laid bare the grave and deadly inequities peninsula families have faced for years when it comes to healthcare. With just one hospital on the peninsula, access to comprehensive, quality healthcare has been nothing more than a myth for too many people. But the Rockaway Beach Medical Arts Complex, now fully leased, will go a long way toward righting this historical wrong," said Queens Borough President Donovan Richards Jr. "We are beyond grateful to our many partners for bringing this complex to life and look forward to the healthier Rockaway it will create."

CHA Partners conceived of the Rockaway Beach Medical Arts Complex to fill a void in local healthcare created when Peninsula Hospital closed after Hurricane Sandy in 2012. The project created approximately 50 construction jobs and 100 permanent jobs, and the medical center will provide healthcare services for approximately 5,000 community members annually.
The medical building, which was completed in 2019, reintroduces best-in-class, community-based healthcare services to this section of New York City.

“A critical component to making our city fairer is strengthening neighborhoods for all New Yorkers,” said Rachel Loeb, president and CEO of New York City Economic Development Corporation. “By investing in healthcare resources in underserved communities, we’re uniquely positioned to establish New York City as the public health capital of the world. We’re thrilled to support the Rockaway Beach Medical Arts Complex with New Markets Tax Credit funding that will provide much-needed medical services for residents in Rockaway.”

NYCEDC helped support the project with $9M New Markets Tax Credit (NMTC) financing in collaboration with Chase Community Development Bank. The NMTC program is a federal funding program designed to encourage investment in underserved areas of the City.

“In keeping with our commitment to the community, Provident Bank is proud to provide financing for this important, state-of-the-art facility, whose tenants will deliver essential healthcare services to the local residents of The Rockaways,” said Walter Sierotko, Executive Vice President, Chief Commercial Lending Officer at Provident Bank.

About CHA Partners
CHA Partners is the Tristate area’s most dependable real estate development partner. A vertically integrated, full-service company, CHA specializes in imaginative public-private partnerships that enable municipalities to unlock property value, create jobs, increase tax ratables, and deliver spaces that accurately reflect the needs of the community. With deep roots in both the healthcare and real estate industries, the company’s diverse team of professionals has overseen design, development, construction, operations, leasing, government affairs, environmental remediation, property management, leasing and accounting for some of the most complex development, redevelopment and adaptive reuse projects in the region.