New York City develops affordable housing complex on Queens waterfront
Hunter’s Point South will be the largest affordable housing complex built in New York City since the 1970s, according to Mayor Michael Bloomberg. A Building Team consisting of Phipps Houses, Related Companies, Monadnock Construction, SHoP Architects, and Ismael Leyva Architects is working on design and construction plans for the $360 million mixed-use Queens waterfront project. The first phase will include two high-rises with a total 900 housing units—75% of which will be permanently income-targeted—and 20,000 sf of retail space. In addition to the housing component, the project will include a five-acre waterfront park, a new school, retail space, and parking. Estimated completion: 2014.