The Real Deal New York

First phase of Hunter’s Point South goes fully affordable

November 17, 2011 09:47AM

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The first phase of the massive Hunter’s Point South project on the Long Island City waterfront will be comprised of 950 units, and Crain’s reported that all of them will be affordable.

The city, which signed on Related Companies in February to partner with Phipps houses and Monadnock Construction to build the 5,000-unit complex, had initially intended just 75 percent of the first phase apartments to be set-aside for middle- and lower-income families. Ground will break sometime next year.

“We are thrilled to be able to increase the number of units of workforce housing in this burgeoning neighborhood,” Deputy Mayor Robert Steel said in a speech at the Long Island City Partnership Annual Luncheon and Trade Show.

The development marks the largest affordable housing complex since Co-Op City opened in the Bronx, and is part of the mayor’s plan to create and preserve 165,000 units of affordable housing. It sits on 800,000 square feet of LIC waterfront space, and includes plans for an 11-acre park. [Crain's]

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