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New York

Five apartment buildings to rise on LIC waterfront

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New Jersey real estate firm Lincoln Equities has a contract to buy five parcels of land in Hallets Cove on the Long Island City waterfront, and plans to build 2,400 residential units there. Lincoln will bulldoze several warehouses and build five residential buildings, one of which is slated to be 40 stories tall. The project requires a zoning change from a manufacturing to a residential district.