Brooklyn Harvest Market signs on at Durst’s Halletts Point

New York /
May.May 01, 2017 08:30 AM

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)


Related Articles

arrow_forward_ios
Prologis Chairman and CEO Hamid Moghadam (Getty, Prologis)
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
State Sen. Jabari Brisport and a rendering of 840 Atlantic Avenue (Getty, IMC Architecture, iStock)
How a senator’s vampire politics hurt real estate — and NYC
How a senator’s vampire politics hurt real estate — and NYC
Tavros' Dov Barnett and a rendering of the current proposal at 44-54 Ninth Avenue and 351-355 West 14th Street (Tavros, Renderings via BKSK)
City orders Meatpacking office developer to dismantle, rebuild slouching façades
City orders Meatpacking office developer to dismantle, rebuild slouching façades
Peebles, Witkoff plan Hudson Yards supertall
Peebles, Witkoff plan Hudson Yards supertall
Peebles, Witkoff plan Hudson Yards supertall
First-time fund managers bet $480M on self-storage across US
First-time fund managers bet $480M on self-storage across US
First-time fund managers bet $480M on self-storage across US
15 Farm Springs Road, Farmington, CT and The Boulevard in Yaphank, LI
(Google Maps, TheBoulevardNY.com)
Connecticut, Long Island projects show how pandemic has changed real estate
Connecticut, Long Island projects show how pandemic has changed real estate
A rendering of Stapleton project (Rendering via Secchi Smith)
City approves 360-unit affordable housing project on Staten Island
City approves 360-unit affordable housing project on Staten Island
arrow_forward_ios

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

Loading...