Wednesday, September 13, 2017
Park vs. towers in LIC
From LIC Post:
The city’s decision to appoint a for-profit developer to build 1,000 high-rise apartments on public land along the Long Island City waterfront was universally panned by residents at last week’s Community Board 2 meeting.
Earlier this summer, the city—through the Economic Development Corp– announced that it had selected TF Cornerstone, the Manhattan-based real estate firm, to develop a 4.5 acre site near 44th Drive and 5th Street. The project could bring 1,000 apartments, 400,000-square-feet of commercial space, and a school for 600 students at an estimated cost of $925 million. One-quarter of the apartments will be classified as “affordable.”
Residents who spoke at CB2’s monthly meeting in Sunnyside on Thursday said there was little need for more high-end, luxury towers in Hunters Point, especially when they’d be built on city-owned land by a for-profit developer.
Several residents said the site should be converted into a park.