Five residential buildings could come to LIC waterfront

New Jersey
real estate firm Lincoln Equities has a contract to buy five parcels of
land in Hallets Cove on the Long Island City
waterfront, and hopes to build 2,400 residential units there. The project
requires zoning
to be changed from manufacturing to residential use, and formal plans are
expected to be submitted to the city by the end of the year. Lincoln
Equities hopes to bulldoze several warehouses and build five residential
buildings, one of which is 40 stories tall.