City Planning Approves Rezoning for Massive Hallets Point Development

By Jeanmarie Evelly on August 21, 2013 12:35pm 

 The proposed Hallets Point development would include a large park and lawn along the Astoria waterfront, which would be open to the public.
The proposed Hallets Point development would include a large park and lawn along the Astoria waterfront, which would be open to the public.
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Lincoln Equities Group

ASTORIA — The City Planning Commission voted unanimously Wednesday to approve zoning changes that would allow the development of a $1 billion residential housing project on the Astoria waterfront.

The proposal by the Lincoln Equities Group would bring 2,161 market-rate and 483 affordable apartments to Astoria's Hallets Point peninsula.

The plan would also create a landscaped, publicly-accessible esplanade that would run along the East River, as well as retail development, including an affordable supermarket.  

The developers have said that they are also considering the construction of a public school on the NYCHA campus of the Astoria Houses.

The plan will be up next for a vote in the City Council. If ultimately approved, it would be completed in 2022, the developers have said.

 

 

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