The Real Deal New York

Brooklyn Harvest Market signs on at Durst’s Halletts Point

May 01, 2017 08:30AM

Rendering of the first building at Halletts Point in Astoria (Credit: Dattner)

Brooklyn Harvest Market will open a 25,000 square-foot store at the first building rising at the Durst Organization’s Halletts Point, a 2.4 million-square-foot megaproject in Astoria.

The first tower is slated to hold 405 rental apartments and will open by spring of next year, with the supermarket to open that summer, according to the Wall Street Journal.

When completed, the $1.5 billion Queens complex is expected to hold 2,400 rental apartments, 20 percent of them affordable, across seven buildings. When the 421a tax break was in limbo, Durst had announced that it was putting plans for the complex on ice, but with a new 421a back in the mix, the developer is moving ahead.

“Without the additional 1,600 units of housing going up in the community, the number of potential users of the market would have significantly decreased and drastically changed the economics of the deal,” a spokesperson for the developer told the Journal.

Last week, Durst filed permits for two buildings at the complex with just over 650 units at 26-02 1st Street and 26-40 1st Street. [WSJ]Hiten Samtani

(To view more properties owned or developed by the Durst Organization, click here)