NEW YORK CITY — The City of New York has selected the team of Phipps Houses, Related Companies and Monadnock Construction to develop the residential portion of Phase I of Hunter's Point South, a new mixed-use community located in Queens' Long Island City neighborhood. The team will construct two buildings containing more than 900 housing units and 20,000 square feet of retail space. The projected cost of this portion of the project is $360 million.
The two buildings are being designed by SHoP Architects and Ismaek Leyva Architects. Additional pieces of Phase I include a 5-acre, waterfront park and a 1,100-student intermediate and high school. Infrastructure work will begin this month and will be complete by spring 2013. The two buildings will begin construction in 2012 and will take approximately 24 months to complete. The park will begin construction this summer, and the new school will open by fall 2013.
Hunter's Point South is a massive undertaking by the City of New York. The currently vacant site totals 30 acres along the waterfront and is bounded by 50th Avenue to the north, 2nd Street to the east, Borden Avenue to the south and Center Boulevard to the west. At full build-out, it will feature approximately 5,000 units of housing, 75 percent of which will be set aside for low- and middle-income households. It will contain a total of 11 acres of waterfront park space in addition to the retail space, the school and community facilities.
“At Hunter's Point South, not only will we build the largest new affordable housing complex in more than three decades, we'll do it on long-vacant, waterfront property that has incredible views and sits adjacent to one of New York City's fastest growing neighborhoods,” said New York City Mayor Michael Bloomberg in a statement. “Through our New Housing Marketplace Plan, we're building 165,000 affordable units in neighborhoods in all five boroughs.”
— Coleman Wood