Posted Dec 23, 2011, 12:24 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
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http://www.nydailynews.com/new-york/...sEnabled=false
Ambitious residential and commercial project proposed for Astoria waterfront
‘Hallets Point’ would provide 2,300 units of market-rate and affordable housing
BY Clare Trapasso
December 22 2011
Quote:
An isolated swath of Astoria that has largely been ignored by developers and businesses could soon undergo a major facelift under a proposal to erect seven waterfront residential towers and a supermarket.
The Lincoln Equities Group wants to create a project dubbed Hallets Point, with roughly 2,300 units of housing and a waterfront park along the East River near the Astoria Houses.
The public review process is expected to begin next year, city officials said.
“If done properly, it could provide new affordable residences to meet the growing demand of the neighborhood,” said state Sen. Michael Gianaris (D-Astoria). It could also provide “services that that part of the neighborhood desperately needs.”
About 1,900 units would be market rate, city officials said. Another 400 will be reserved for affordable housing.
“We look forward to investing a billion dollars, creating new jobs, affordable housing and even a supermarket and services in a community-approved project,” said Hank Sheinkopf, who represents the project.
The development, which would boast panoramic views of northern Manhattan and Randalls Island, has received strong support from the community, which is desperate for the amenities it could bring to the neighborhood.
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