Hallets Point
Developer Lincoln Equities Group is proposing to build 2,300 residential units, a park and a supermarket along the East River in Astoria, according to the New York Daily News.
The proposal, dubbed Hallets Point, calls for seven towers with 1,900 market-rate units and 400 units reserved for affordable housing. It’s slated to begin the public review process next year.
The project has received strong support from the community, the Daily News said, for the new residents, supermarket and other amenities it could bring to the neighborhood. Local City Council member Peter Vallone Jr., however, worries the neighborhood cannot sustain a project of that size.
Chris Chames, a broker at Astoria Realty, said he believes the projects would push rents up in the neighborhood.