, Wed, September 23, 2020
Rendering via TF Cornerstone
A year-and-a-half ago, developer TF Cornerstone broke ground on their two-building, 1,194-unit project at Hunter’s Point South, located along the East River in Long Island City. Anchored by a new half-acre public park, the pair of ODA-designed towers will be 60 percent affordable. Today, a lottery launched for 185 of these low- and middle-income units, available to those earning 50, 130, and 165 percent of the area median income. The available homes range from $698/month studios to $2,704/month two-bedrooms.
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Via Flickr cc
Applications are currently being accepted to replenish the waitlist for moderate-income apartments at two Long Island City buildings. Located across from the newly opened Hunter’s Point South Park, the towers at 1-50 50th Avenue and 1-55 Borden Avenue were developed in 2013 as part of the neighborhood’s waterfront redevelopment, with a majority of the apartments set aside low- and middle-income households. But apartments available through the current waitlist are for households earning between $104,538 and $278,300 annually with units ranging from a $2,992/month one-bedroom to a $5,183/month three-bedroom. In 2017, the median household income in Queens was just over $64,500 per year.
Do you qualify?
New rendering by ODA Architects for TF Cornerstone
Developer TF Cornerstone officially broke ground Friday on its mixed-use, affordable housing development in Long Island City, a plan that began nearly six years prior. The project, which consists of 1,194 new apartments across two buildings on Center Boulevard, falls under the city’s redevelopment of Hunter’s Point South, a proposal with the goal of bringing 5,000 units of new housing to the area first backed by former Mayor Michael Bloomberg. In addition to the residences, the project includes construction of a community center, local retail, a new public park designed by Mathews Nielsen Landscape Architects, and a K-8 school. A pair of new renderings highlights the open space planned between the new towers.
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Photo © 6sqft
The Hunter’s Point South Park extension officially opened Wednesday, over three years after construction began at the Long Island City site. The second phase adds 5.5 acres south to the existing park, which currently has a basketball court, playground, two dog-runs, and a volleyball sand pit. The city’s Economic Development Corporation and Department of Parks and Recreation developed the project, which measures 11-acres from 50th Avenue to Newton Creek on the East River.
At the ribbon-cutting ceremony, local officials and community members gathered to celebrate the project’s opening. “This is a beautiful park,” State Sen. Michael Gianaris said. “Enough to make our friends across in Manhattan look over and be jealous that they don’t have anything as beautiful on their side of the River.”
Photo by David Lloyd/SWA
Long Island City is getting five more glorious acres of waterfront park space, with the city expected to complete Hunters Point South Park in the coming months. The second phase of the park, which stretches below 54th Avenue and wraps around Newtown Creek, is nearing completion after three years under construction, according to LIC Post. The city’s Economic Development Corporation says the opening date will come by late spring or early summer, so New Yorkers will have a whole new outdoor amenity to enjoy when the weather warms up.
The park has tons of cool features