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
Jonathan Landau
Jonathan Landau leaves Fortis to launch firm
Jonathan Landau leaves Fortis to launch firm
(Illustration by The Real Deal with Getty)
TRD Pro: Is homebuilding really down?
TRD Pro: Is homebuilding really down?
From left: Trinity Place Holdings’ Matthew Messinger and Macquarie Group’s Shemara Wikramanayake along with 77 Greenwich Street (Getty, Trinity Place Holdings, Macquarie Group, Google Maps)
Trinity Place gets extension to finish pandemic-slowed 77 Greenwich
Trinity Place gets extension to finish pandemic-slowed 77 Greenwich
East Hampton Town Supervisor Peter Van Scoyoc and 350 Pantigo Road (Zillow, Getty, Town of East Hampton)
Hamptons town could buy former department store land to build homes
Hamptons town could buy former department store land to build homes
From left: Silverstein Properties CEO Marty Burger; BedRock Real Estate Partners co-founder Tracey Applebaum; Council member Julie Won; a rendering of Innovation QNS in Astoria (Getty, BedRock Real Estate Partners, New York City Council)
Council approves Silverstein, BedRock’s $2B Innovation QNS
Council approves Silverstein, BedRock’s $2B Innovation QNS
Silverstein Properties' Marty Burger, City Council Speaker Adrienne Adams, BedRock Real Estate's Tracey Appelbaum, City Council member Julie Won and Mayor Eric Adams with rendering of Innovation QNS (Silverstein Properties, Getty, New York City Council, Innovation QNS)
5 lessons from Silverstein’s Astoria deal
5 lessons from Silverstein’s Astoria deal
Long Island developer Robert DiNoto (Getty, Google Maps, Robert DiNoto)
Tri-state roundup: LI developer divests after guilty plea
Tri-state roundup: LI developer divests after guilty plea
Crime, money laundering,
Scammer posing as real estate developer sentenced for laundering
Scammer posing as real estate developer sentenced for laundering
arrow_forward_ios

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

Loading...