You are reading

First building at Halletts Point on track for 2018, planning continues on following phases as lawmakers likely to pass 421-a tax break

First building

Feb. 16, 2017 By Hannah Wulkan

The Durst organization is making headway on the first building in its Halletts Point complex, and expects the building to open in the summer of 2018.

The first building in the $1 billion, 7-building complex is under construction, said Durst spokesman Keith Dumanski at the Old Astoria Neighborhood Association meeting last night. Once finished, the building will stand 20 stories tall with 405 units, 81 of which will be affordable housing.

The building, which will be at 1-02 26th Avenue on the waterfront, will have two towers connected at the base, with retail space for a 21,500 square foot supermarket on the ground floor.

The rest of the development is currently stalled, however, and is waiting for the 421-a tax code, which provides property tax breaks to developers if they include affordable housing in the plans and use union labor to build, to be re-upped in Albany.

The first building in the development was grandfathered in to the old 421-a tax code, as it broke ground in January 2016, the day before the old 421-a code expired.

Despite waiting to break ground until 421-a is reinstated, the Durst Organization is pushing ahead with planning for Halletts Point.

The second phase of construction will see another waterfront building and a building on the nearby NYCHA Astoria Houses campus, and recent plan tweaks have added retail space to the first floor of that building as well, offering necessary services to the fairly undeveloped area, Dumanski said.

He estimated that, provided a fairly speedy passage of new the new 421-a code, the second and third phases of the project, which would add several buildings to the waterfront and a building on the Astoria Houses campus, would likely be completed by 2019 or 2020.

Beyond those phases, he said that the company couldn’t provide estimates for the rest of the construction, as it was too far in the future to predict.

Once completed, the Halletts Point development will add a total of 2,400 rental units, as well as 65,000 square feet of retail space, a public elementary school, and a waterfront park, which will be owned and maintained by Durst but open to the public.

Of the new units, almost 500 will be affordable housing, and Astoria Houses residents will have first dibs on half of the affordable apartments.

Durst is also working to add more transportation options to the area, Dumanski said, given that it is not near a subway.

He outlined several new bus routes that, in collaboration with the MTA, the company is working to add to the area.

An expansion of the East River ferry service will also open a dock at Halletts Point this coming summer, offering ferry service to Roosevelt Island, Long Island City, and the east side of Manhattan as an alternative to buses and subways.

email the author: [email protected]

One Comment

Click for Comments 
Anonymous

Exactly when can people start to apply for this building? I want to know if it’s affordable enough so people can actually live there and shop in peace- not like the 8st projects in Astoria..Sheesh..

Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

3 men sought for armed robbery in East Elmhurst home invasion near LaGuardia Airport: NYPD

The NYPD is looking for three men who allegedly robbed an East Elmhurst man of tens of thousands of dollars during a home invasion early Monday morning.

Police from the 115th Precinct in Jackson Heights responded to a 911 call of an armed robbery at a townhouse located at 108-09 Ditmars Blvd. near 29th Avenue just south of LaGuardia Airport.
The victim had pulled up in front of his home just before 2 a.m. when he was approached by three suspects. One of them pulled out a firearm and forced him inside the townhouse where they stole around $30,000 in cash and a safe that contained an unspecified amount of jewelry, before exiting and driving off in a silver four-door SUV, police said.