The Bloomberg administration broke ground Monday on the first phase of a huge residential project on the Queens waterfront that is destined to become the largest such development since Co-op City was built in the Bronx over forty years ago.
First to rise in Hunter's Point South section of Long Island City will be a pair of 30-plus story apartment towers, with 925 units. Before sinking his ceremonial shovel to the soil the mouth of Newtown Creek, Mayor Michael Bloomberg announced that two more towers will follow. The administration is poised to kick off the second phase of the project next month, when the city seeks a developer for another 1,000 units.
Monday's ceremony is another indication that the mayor is not shirking away from the waterfront in the wake of Superstorm Sandy.
So we're subsidizing waterfront development in an area that was underwater during the hurricane. That's really smart. 27 inch sea level rise by 2050...