{"id":1004068459,"date":"2013-03-08T09:33:13","date_gmt":"2013-03-08T17:33:13","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=107996"},"modified":"2020-04-06T07:11:18","modified_gmt":"2020-04-06T15:11:18","slug":"construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\/","title":{"rendered":"Construction Breaks Ground on 925-unit Multifamily Project in Long Island City"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/HPS-rendering1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-108000\" title=\"HPS-rendering1\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/HPS-rendering1.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>March 4 marked the official groundbreaking of the initial phase of Hunter\u2019s Point South, the biggest affordable housing project in New York City in 40 years. A $332 million joint venture between Phipps Houses, Related Companies and Monadnock Construction, the project is located on a 30-acre site on the Long Island City waterfront in Queens.<\/p>\n<p style=\"text-align: justify;\">Phase I of the Hunter\u2019s Point South project was designed by SHoP Architects and Ismael Levya Architects to achieve LEED Silver certification and consists of two residential buildings\u201432 and 37 stories each\u2014with 925 permanently affordable apartments targeted to low-, moderate- and middle-income families.<\/p>\n<p style=\"text-align: justify;\">The project also includes 17,000 square feet of retail space, a five-acre waterfront park and a new school with 1,100 seats which, according to <em><a href=\"https:\/\/www.theepochtimes.com\/\" target=\"_blank\" rel=\"nofollow\">The Epoch Times<\/a><\/em>, is under construction and should be open by September.<\/p>\n<p style=\"text-align: justify;\">Both buildings will feature public terraces, a fitness center, tech center, play space for children, recreational space and bike storage. The 37-story Building A, which will be located at 1-50 50<sup>th<\/sup> Ave., will consist of 165 studio, 205 one-, 214 two- and 35 three-bedroom units; 13,739 square feet of retail space; and a 220-space parking garage. Located at 1-55 Borden Ave., the 32-story Building B will include 100 studios, 82 one-, 101 two- and 23 three-bedroom units and around 3,000 square feet of retail space.<\/p>\n<p style=\"text-align: justify;\">The first residents are expected to move in the two buildings in 2014, with construction fully compete in 2015.<\/p>\n<p style=\"text-align: justify;\">For more market data from New York City,\u00a0<a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-demand-remains-strong-in-brooklyn-keeping-asking-rents-elevated\/1004071857.html\" target=\"_blank\" rel=\"nofollow\">click here<\/a>.<\/p>\n<h6 style=\"text-align: justify;\"><em>Rendering via <a href=\"https:\/\/www.nycedc.com\" target=\"_blank\" rel=\"nofollow\">NYCEDC<\/a><\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>March 4 marked the official groundbreaking of the initial phase of Hunter&rsquo;s Point South, the biggest affordable housing project in New York City in 40 years. A $332 million joint venture between Phipps Houses, Related Companies, and Monadnock Construction, the project is located on a 30-acre site on the Long Island City waterfront in Queens.<\/p>\n","protected":false},"author":258,"featured_media":1004507185,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[1815],"class_list":["post-1004068459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Construction Breaks Ground on 925-unit Multifamily Project in Long Island City - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction Breaks Ground on 925-unit Multifamily Project in Long Island City\" \/>\n<meta property=\"og:description\" content=\"March 4 marked the official groundbreaking of the initial phase of Hunter&rsquo;s Point South, the biggest affordable housing project in New York City in 40 years. A $332 million joint venture between Phipps Houses, Related Companies, and Monadnock Construction, the project is located on a 30-acre site on the Long Island City waterfront in Queens.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-08T17:33:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-06T15:11:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/HPS-rendering1.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Construction Breaks Ground on 925-unit Multifamily Project in Long Island City\",\"datePublished\":\"2013-03-08T17:33:13+00:00\",\"dateModified\":\"2020-04-06T15:11:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\\\/\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/HPS-rendering1.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"New York\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/construction-breaks-ground-on-925-unit-multifamily-project-in-long-island-city-2\\\/\",\"name\":\"Construction Breaks Ground on 925-unit Multifamily Project in Long Island City - 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