Oct. 10, 2013 By Christian Murray
The city council granted a special zoning permit yesterday that makes way for a massive 2,200 apartment complex on the Hallets Point peninsula.
Lincoln Equities Group, the development company, needed the zoning change so it could build 10 residential towers. The towers will be located next to the Astoria Houses public-housing complex.
The $1 billion development, which will include 483 affordable units, is expected to bring about 6,000 residents to the peninsula—alongside the 20,000 residents that live in Astoria Houses.
The main sticking point before the council granted the zoning permit was the lack of public transportation to Hallets Point peninsula. However, the city agreed to conduct a $500,000 feasibility study that will look at bringing ferry service to the area. The city’s Economic Development Corp. and Lincoln Equities will fund the study, Crain’s reported.
The project also includes more than 68,000 square feet of ground floor retail space, including a 34,000 square feet supermarket.
The plan also includes a 100,000-square-foot public park, which includes pedestrian walkways and bike paths along the waterfront.
Space has also been set aside for a school.