The Real Deal New York

City launches 5,000-unit Hunter’s Point project

March 04, 2013 03:30PM

The city broke ground today on the first phase of the development of two apartment towers — comprising 925 affordable units — at the Hunter’s Point South project in Long Island City, slated to be the largest housing development since the construction of Co-op City in the Bronx, Crain’s reported. And Mayor Michael Bloomberg was on hand to announce the launch of the second phase with a request for development proposals.

The first phase includes a 37-story tower and a 32-story tower, both of which were designed by Ismael Leyva and SHoP Architects, the firm behind Williamsburg’s Domino Sugar conversion. A partnership between the Related Companies, Phipps Houses and Monadnock Construction is behind development.

The proposal for the second phase calls for 1,000 units, of which 50 percent to 60 percent will be reserved for affordable housing. There will also be 28,000 square feet of community and retail space.

All in all, the Hunter’s Point South development will encompass 5,000 units, of which 60 percent will be reserved for middle-income tenants. The project also includes 11 acres of parkland on the East River waterfront. [Crain’s]Zachary Kussin