search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aGVA sells Georgetown apartments for $25M in “forced sale” GVA sells Georgetown apartments for $25M in “forced sale” Marty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
New York

Astoria proposal to bring 2,300 residential units to waterfront

alternate text
Hallets Point

Developer Lincoln Equities Group is proposing to build 2,300 residential units, a park and a supermarket along the East River in Astoria, according to the New York Daily News.

Sign Up for the undefined Newsletter

The proposal, dubbed Hallets Point, calls for seven towers with 1,900 market-rate units and 400 units reserved for affordable housing. It’s slated to begin the public review process next year.

The project has received strong support from the community, the Daily News said, for the new residents, supermarket and other amenities it could bring to the neighborhood. Local City Council member Peter Vallone Jr., however, worries the neighborhood cannot sustain a project of that size.

Chris Chames, a broker at Astoria Realty, said he believes the projects would push rents up in the neighborhood.

Tags
Halletts PointLincoln Equities Group