Domain Companies secured financing for its mixed-use, two-building project in the heart of “Commie Corridor.” Wells Fargo provided $175 million in construction financing for Elara, a 429-unit development in Queens’ Astoria neighborhood, the Commercial Observer reported. Domain also contributed equity into the project, alongside Canyon Partners Real Estate and BLDG Management. JLL Capital Markets’ Chris Peck and Nicco Lupo arranged the debt. The development spanning 35-45, 35-33 and 35-42 41st Street is divided into two sections. Elara East will stand tall at 18 stories with 330 units. The comparatively diminutive Elara West will be 12 stories tall with 99 units; […]

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