Saturday, March 2, 2019
City restores incremental "affordable housing" plan following Amazon's termination of HQ2
The city’s plan to bring a thousand residential units and a mix of industrial space to Long Island City is back on the table after Amazon last month announced it will not open a complex in the neighborhood. James Patchett, the president of the city’s Economic Development Corporation, said during the Crain’s New York Business breakfast on Thursday that the city will forge ahead with its original plan of bringing a mix of businesses and homes to the Queens neighborhood, Gothamist reported.
Three years ago, the city issued a request for proposals for development on two city-owned sites along 44th Drive in Long Island City at a waterfront area known as Anable Basin. In the summer of 2017, officials selected developer TF Cornerstone’s project, which involved constructing a $925 million mixed-use complex across 1.5 million square feet.
According to the Economic Development Corporation, the project was intended to provide 1,000 units of housing (with 25 percent made affordable), 100,000 square feet of light industrial space, 400,000 square feet of commercial space, a new 600-seat school, retail space, and an acre of open space along the waterfront. The plan would require zoning changes in order to move forward.