The first of the Durst Organization’s seven-building, $1.5 billion development on the Astoria waterfront got new renderings this week, months ahead of its scheduled opening. As Curbed NY learned, the developer said leasing will launch for the two-tower 10 Halletts Points this summer. The first building to open on the Halletts Point campus, the tower will feature 405 apartments, of which up to 25 percent will be affordable.
Photo via Wikimedia
While most of New York City’s neighborhoods get their nicknames from real estate agents attempting to make an area more marketable (ie: Nolita and DoBro), an area in Queens may soon get a new moniker to boost its local economy instead. As DNAinfo reported, Natassa Contini, the owner of the cafe and pet supply shop Chateau Le Woof, has started using “Westoria” to refer to the area west of 21st Street between Astoria Park and Broadway. Currently, the northern Queens nabe is better known as “Old Astoria” or “Old Astoria Village.”
Rendering of Halletts Point’s second set of buildings pulled from construction site, courtesy of The Durst Organization
Construction of the Durst Organization’s first development outside of Manhattan, Halletts Point, a $1.5 billion waterfront development in Astoria, is moving full speed ahead. As CityRealty learned, new renderings hanging outside of the construction site reveal two blocky towers covered in glass, with rows of balconies at their corners. Earlier this month, construction topped out on the project’s first two towers at 26-01 1st Street, designed by Dattner Architects. Now, work has officially begun on the second pair of buildings at 26-02 1st Street and 26-40 1st Street.
The Astoria route of the NYC Ferry officially launched today, the fourth route introduced by the city this year. The service stops in Astoria, Roosevelt Island, Long Island City, East 34th Street and Wall Street, the complete trip totaling 47 minutes. While the ferries have been popular with commuters, two extra boats were added and fleets under construction were redesigned to be larger in June, concerns about recreational boaters coexisting without colliding into ferries have grown. As the New York Times reported, one free kayaking class won’t run their program until deciding it’s safe enough to do so.
Considering the NYC Ferry has been so popular since launching on May 1st that it had to charter two extra boats to meet demand, it’s not surprising that the city-subsidized ferry hit the 1 million rider mark as of today, a month earlier than expected. Mayor de Blasio celebrated the milestone earlier today with a press conference in Long Island City, also announcing that the fourth ferry route, the Astoria line, will launch on Tuesday, August 29th.
Known as Astoria Cove, this newly constructed 28-unit rental at 26-27 2nd Street is just a block away from the under-construction Halletts Point mega-development. The seven-building project will bring 2,400 housing units to the Astoria neighborhood, as well as a stop for the East River Ferry, a supermarket, school, and waterfront park. Six households earning 60 percent of the median income have a chance to live near all the upcoming action through the city’s affordable housing lottery that’s offering $889/month one-bedrooms and $1,001/month two-bedrooms.
Image courtesy of STUDIO V Architecture
A 2.2 million-square-foot mixed-use development site known as Astoria Cove, on nearly nine acres along the East River in Astoria, is seeking a buyer, asking $350 million, Crain’s reports. The site hit the market in mid-March in anticipation of the reinstatement of the 421-a affordable housing tax credit program that had languished since its expiration over a year ago amid debates between the Real Estate Board of New York (REBNY) and unions on whether to require higher wages in certain cases. Alma Realty Corp. hired Cushman & Wakefield investment company to market the site; according to sales executive Bob Knakal, “We wouldn’t have hit the market with Astoria Cove in the past 16 months because of the uncertainty around 421-a, but there’s been a sense of optimism in recent weeks that 421-a will be back and with it, the land market will strengthen.”
Roommate app Roomi recently compiled data based on the 20 to 36-year-olds searching for someone with whom to split the rent, and the top neighborhood for this trend is Astoria. DNAinfo shared the analysis, which found that nearly 38 percent of Roomi’s users looked for housing in the up-and-coming Queens ‘hood, and each applicant in this area gets about 20 applicants, almost double all other neighborhoods.
Starting today, qualified New Yorkers can apply for six affordable apartments at 28-22 Astoria Boulevard, a new mixed-use building just two blocks away from the Astoria Boulevard N, Q station and three blocks from the popular Bohemian Hall and Beer Garden. The seven-story, red-brick corner rental has 25 apartments with retail on the ground floor. The affordable units, reserved for those earning between 60 and 80 percent of the AMI, are three $1,158/month studios and three $1,330/month one-bedrooms, quite the deal considering market-rate units in the building are renting for around $3,000/month for one-bedrooms and $4,300/month for two-bedrooms.
Welling Court is a tiny enclave in Astoria, tucked between 30th Avenue and Vernon Boulevard, near the base of Astoria Park. It’s best known for the funky street art that adorns its building’s walls. Organized by the Welling Court Mural Project, there are now more than 140 murals from international artists, and each June the group puts on a huge block party to celebrate that year’s art.
If this arsty community appeals to you, a new rental building has recently gone up in Welling Court, and it comes with six low-income apartments that are now up for grabs through the city’s housing lottery. 11-07 Welling Court is a six-story, 27-unit building from Architects Studio and developer Halil Todic. The affordable residences, created through the city’s 421-a program, are $947 a month for individuals earning between $32,469 and $38,100 annually or two-person households earning between $32,469 and $43,500.