From the Daily News:
A proposed, billion-dollar residential and retail project on a desolate stretch of Astoria’s waterfront could break ground as early as fall 2013 — much to the delight of local community leaders.
The Hallets Point project, which would create about 2,200 units of housing in seven residential towers, a supermarket and a park along the East River, is expected to begin the city review process within the next few months, a project official said.
The 7-acre site is located near Astoria Houses, a public housing complex.
Developer Lincoln Equities Group has agreed to set aside about 20% of the units for affordable housing, primarily for seniors, a project official said last week.
“It’s going to be transformative to the neighborhood,” said Lincoln Equities spokesman Andrew Moesel. “Not only will it bring new residents, but much-needed retail, open space and other resources.”
The project cleared its latest hurdle last month after the state legislature approved transferring ownership of a strip of state park land to the New York City Housing Authority. The developer plans to use the parcel for new park land.
State Sen. Michael Gianaris (D-Astoria), who championed the legislation, said he supports Hallets Point because the developer has promised to create new park land, bring in much-needed amenities and expand local roads to make it easier to get in and out of Astoria Houses.
“There’s no supermarkets. There’s no banks,” he said of the area as it currently is. “There’s none of the things that people need to go about their daily lives.
There's no transportation...
Do you really think people who buy luxury condos are going to want to live across the street from projects or walk 20 blocks to the subway, Mike? How much have these guys donated to your campaign?