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.