City issues RFPs for two more Hunter’s Points South parcels

Land could support at least 750 resi units

New York /
Jun.June 03, 2016 09:01 AM

The Department of Housing Preservation and Development is seeking developers for two more land parcels at the 30-acre Hunter’s Points South site in Long Island City.

The parcels, two of seven total, are located between 56th and 57th streets on the Queens waterfront. Residential development on the pair would yield at least 750 residential units, 60 percent of which will be required to affordable, Crain’s reported.

The Hunter’s Points South project was spurred by a 2008 rezoning of the area by the Bloomberg administration. It’s slated to ultimately hold about 5,000 units of housing in total.

The first two parcels of the project were developed by the Related Companies along with non-profit Phipps Houses and Monadnock Construction. The partners built a two-tower, 925-unit affordable housing complex on the sites. Together, the 32- and 37-story buildings occupy nearly a million square feet of space.

The city picked TF Cornerstone to develop a third site in the area, with a plan to build about 1,200 units, but the project has stalled over problems with an Amtrak tunnel and power lines in the area.

Proposals for the new sites are due in September, and a winner is set to be announced in early 2017. [Crain’s] — Ariel Stulberg


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Buyer in deal for oceanfront Wainscott home asking $37M
Buyer in deal for oceanfront Wainscott home asking $37M
Buyer in deal for oceanfront Wainscott home asking $37M
Arkkan Capital’s Jason Brown (iStock)
Ex-Goldman banker bets $245M on distressed China property debt
Ex-Goldman banker bets $245M on distressed China property debt
Deconstruct Podcast
TRD’s podcast “Deconstruct” looks at the Hudson Valley craze
TRD’s podcast “Deconstruct” looks at the Hudson Valley craze
110 East 42nd Street with SL Green's Marc Holliday and Meadow Partners' Jeffrey Kaplan (SL Green, NYU Photo Bureau, Meadow Partners)
SL Green sells 110 East 42nd for $117M
SL Green sells 110 East 42nd for $117M
Mayor Bill de Blasio (Getty, iStock)
NYC talked about converting hotels into affordable housing. Nothing’s happened yet
NYC talked about converting hotels into affordable housing. Nothing’s happened yet
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...