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Historic Queens Bowling Alley Trades for $45M to Multifamily JV

The operators of the Whitestone Lanes bowling alley in Flushing, Queens, have gotten the ball rolling on a major multifamily redevelopment.  Midtown-based development firm Urban Realty Partners joined

Summary

The operators of the Whitestone Lanes bowling alley in Flushing, Queens, have gotten the ball rolling on a major multifamily redevelopment.

Midtown-based development firm Urban Realty Partners joined Mar Mar Realty, the private development arm of the bowling alley’s multigenerational owners, to acquire the site for $45 million, Commercial Observer has learned.

The joint venture […]

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