Under Development

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Hunting for Affordable Housing

At Least One Huge Housing Development Is Still on Track: Hunters Point South Will Break Ground This Fall

Yesterday, The Journal (rightly) complained the lack of progress at two major affordable housing projects, Hudson Yards and Willets Point. This got The Observer wondering about another, though: whatever happened to Hunters Point South, which was approved the same day almost four years ago as the Willets Point project.

Things are moving along quite nicely, it turns out.

It may seem as though there has been limited tangible progress since Related Companies was tapped to develop the project in February of last year, but that is because most of the work is being done below the surface—with on the banks of the East River and the banks of housing finance. Read More

DEVELOPING QUEENS

Bloomberg Unveils Hunter’s Point South Project

Michael Bloomberg announced what he termed the creation of a “spectacular waterfront community” at Hunter’s Point South that will include parkland, an 1,100-seat eco-friendly school and retail space.

At least 75 percent of the 5,000 rental units will be set below the market rent for surrounding neighborhoods, and the housing lottery will give preference to local Read More