The city has unveiled plans for the largest affordable housing complex since the 1970s.
Phipps Houses, Related Companies and Monadnock Construction were recently designated the developers of the project, worth an estimated $360 million in mixed-use development along waterfront in Queens. The development plan for Hunter's Point South includes two mixed-use buildings comprising more than 900 housing units and roughly 20,000 square feet of new retail space.
According to the administration, at least 75 percent of the housing will be permanently targeted to low-, moderate- and middle-income families, up from the 60 percent required by the Request for Proposals. The administration says the first phase of the project would be completed in 2014. [ Read More...]
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