Leasing has officially launched for a new, two-towered development by The Durst Organization in Astoria, Queens. Located at 10 Halletts Point, the 22 and 19-story towers are just the first components of a sprawling, seven-building development that will eventually comprise 2.4 million square feet. It will include more than 2,100 apartments, affordable housing, a public waterfront esplanade, and retail area.
After 10 months of legislative limbo and stalled construction sites, the Building and Construction Trades Council of Greater New York and the Real Estate Board of New York have reached an agreement to resurrect the controversial 421-a tax exemption, which props up rental development throughout much of New York City.
Last month, the New York City Housing Authority began work on $88 million worth of repairs and renovations at Astoria Houses, which were slammed by Hurricane Sandy three years ago. Now the agency has filed plans for a new 14-story apartment building at the development on Hallets Point, along the western Queens waterfront.
Last fall, DNAinfo reported Lambert Houses, a sprawling subsidized housing project in the West Farms section of the Bronx, would be demolished and replaced with new affordable housing. Now, those plans are coming to fruition, and new building applications have been filed for 18 stories of apartments at 984 East 180th Street.
The stretch of western Astoria that runs next to Hallets Point and south of Astoria Park hasn’t seen much new residential construction, but the development tide has begun to turn in the solidly middle-class neighborhood. A six-story building is coming to 8-29 Astoria Boulevard, mid-block between 8th and 12th streets.