Monday, July 2, 2012
State wants luxury condos next to projects
From DNA Info:
A New Jersey real estate firm looking to build a $1 billion development in Hallets Point, including a new water taxi stop, and beautify a run-down portion of the increasingly popular Astoria waterfront has received a boost from the state Legislature.
Lincoln Equities Group plans to entirely change the appearance of the 7-acre waterfront site, including construction of seven residential buildings with approximately 2,200 units, 20 percent of them set aside as affordable housing, said Andrew Moesel, a spokesman for Lincoln Equities Hallets Point project.
The development has already gained support from the Legislature, which last week passed a bill to make it easier to rezone the area by transferring the ownership of the land from the State Parks Department to the New York City Housing Authority.
The City Council still must approve the rezoning of the industrial area before the project, which is a public-private collaboration, can move forward.
Moesel said the project would benefit the area, including the nearby Astoria Houses, a public housing project, which would get additional open space and recreational areas.
One of the goals, Moesel said, is to "add several new amenities, both recreational and commercial to the residents of Astoria Houses."
HA HA HA HA HA! Yeah, ok.