The city is full steam ahead on Hunter’s Point South, putting the next parcel of the Long Island City land up for development.
The city’s Department of Housing Preservation and Development released a request for proposals for a 70,000-square-foot parcel within the 30-acre site, Crain’s reported. Divided into seven parcels, five parts of Hunter’s Point South have already been developed as the neighborhood takes shape.
Located at 54-42 Second Street, Parcel E is expected to hold a multibuilding complex, according to the RFP. The residential component will feature both affordable and market-rate units. There will also be commercial space, a community facility and public open space.
At least 60 percent of units will need to be income-restricted, though the city is open to more, pinning an ideal mark at 70 percent. Rents for the affordable units would be no more than 120 percent of the area median income. The city raised both affordability levels and unit count requirements from previous phases of Hunter’s Point South.
One viable option is an 875,000-square-foot project with approximately 850 housing units, 230 parking spots, 20,000 square feet of ground-floor retail space and 16,000 square feet of community space, according to an environmental study. The city will give preferential treatment to proposals with child care or an early childhood education center involved.
Submissions for the project are due in early September.
A possibility of upwards of 800 housing units demonstrates how critical this parcel is to the overall vision of Hunter’s Point South. More than 3,000 homes have been developed so far, and roughly 5,000 are expected by the conclusion of all of the phases. Approximately 3,000 of the units will be affordable.
The 30-acre site has also yielded two schools and an 11-acre park so far, with more retail options, schools and park space to come.
The city appears to be accelerating efforts to build housing on public land as the housing crisis grips the Big Apple. In the spring, the city’s Economic Development Corporation released a request for proposals to replace 100 Gold Street in Lower Manhattan with a mixed-income, residential project featuring more than 1,000 units.
— Holden Walter-Warner
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