From the Times Ledger:
It was touted in real estate magazines for years and renderings show two glass monoliths, but the current reality for a construction site in Hunters Point is a lot less glamorous.
“What we have now is Lake Vernon Boulevard,” Community Board 2 Chairman Joseph Conley said of 44-02 Vernon Blvd. “It is huge. You wouldn’t believe how much water is in this pit.”
The six-acre property was formerly the East River Tennis Club, but plans to turn it into a condominium complex date back to at least 1989.
Plans for the complex, called River East, included two 29-story towers and four eight-story buildings comprising 910 residential units, 11,750 square feet of commercial retail and 115,000 square feet of parking space.
But in what Conley blames on the real estate bust that came with the collapse of the financial markets last year, little progress has been made at the site and the accumulated water is threatening neighboring buildings.
The city Department of Education’s book depository sits next door to the site, and the agency complained to the DOB in April after staff noticed the water was pooling against the wall of the municipal building.
I actually thought they mistakenly inserted a photo of Newtown Creek into their story...