The city has received seven bids to develop the first phase of Hunters Point South, a 6,000-unit housing complex on the East River in Queens that was originally planned to be the site of the city's 2012 Olympic Village compound.
The city's Department of Housing, Preservation and Development did not identify the bidders but an article in today's edition of The Wall Street Journal said that they included AvalonBay, Douglaston Development and a joint venture of Durst Fetner/Jonathan Rose.
According to an article by Matt Chaban at observer.com, "the bidders are vying for the first two of six parcels on the 30-acre site, with the requirement to build 1,000 units of housing and a 1,100-seat school."
"The project is meant to be a haven for the city's increasingly squeezed middle class, with 60 percent of its units being set aside as affordable housing for families of four making between $63,000 and $130,000," the article said.
A September 16, 2010 article by Amanda Fung at crainsnewyork.com said that other bidders included L + M Development Partners and Related Cos.
The first phase also calls for 22,000 square feet of commercial space and 144 parking spaces, the article said.
"When Hunters Point South is complete, the project will become the largest affordable housing complex built in the city since the 1970s, when Co-op City in the Bronx and Starrett City in Brooklyn opened. The planned apartments are part of the city's $7.5 billion New Housing Marketplace Plan, which calls for the preservation and creation of 165,000 affordable housing units across the five boroughs," the article said.
The city's Department of Housing, Preservation and Development did not identify the bidders but an article in today's edition of The Wall Street Journal said that they included AvalonBay, Douglaston Development and a joint venture of Durst Fetner/Jonathan Rose.
According to an article by Matt Chaban at observer.com, "the bidders are vying for the first two of six parcels on the 30-acre site, with the requirement to build 1,000 units of housing and a 1,100-seat school."
"The project is meant to be a haven for the city's increasingly squeezed middle class, with 60 percent of its units being set aside as affordable housing for families of four making between $63,000 and $130,000," the article said.
A September 16, 2010 article by Amanda Fung at crainsnewyork.com said that other bidders included L + M Development Partners and Related Cos.
The first phase also calls for 22,000 square feet of commercial space and 144 parking spaces, the article said.
"When Hunters Point South is complete, the project will become the largest affordable housing complex built in the city since the 1970s, when Co-op City in the Bronx and Starrett City in Brooklyn opened. The planned apartments are part of the city's $7.5 billion New Housing Marketplace Plan, which calls for the preservation and creation of 165,000 affordable housing units across the five boroughs," the article said.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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