A real estate firm investing in downtown Jamaica has plans to renovate and modify one of the area’s landmarked buildings.
The new owners of the 116-year-old Jamaica Savings Bank building at 161-02 Jamaica Ave. in the heart of the neighborhood’s downtown has filed with the city’s Landmark Preservation Commission to modify the building.
The structure, a Beaux-Arts style bank building designed by architecture firm Hough & Duell and built in 1898, was designated a landmark in 2008.
According to city records. the application seeks to “construct rear and side additions, replace doors, install awnings and infill window openings.”
The building was bought by the investment firm of the Laboz family, United American Land, LLC, under the name 161-02 Jamaica LLC for $3.7 million, according to records filed with the city in January. Jason Laboz of the firm declined to speak with The Courier about the project.
The modification of the building could be part of a plan to add new retail tenants into the property as the company has planned with the adjacent buildings on the strip.
United American Land purchased the next-door 10-story building at 160-16 Jamaica Ave. in January for $8.5 million. It filed permits to reduce the larger building down to four stories, matching the landmarked structure and the property at 160-08 Jamaica Ave., which the company owns as well.
The 160-08 Jamaica Ave. structure is still under construction for new retail tenants, according to plans posted on United American Land’s website.
The firm bought that building in 2012 for $14 million, according to city records, and an H&M was thought to be a potential anchor for that property, according to published reports.