Long Island City’s waterfront is getting another jolt of housing, with New York City tapping a development team that includes Slate Property Group and Hudson Cos. to build nearly 1,000 homes at Hunter’s Point South. The project would transform one of the neighborhood’s remaining city-owned parcels into a large mixed-use addition beside the East River.
According to Crain’s New York Business, the city selected the team for Hunter’s Point South Parcel E, a long-planned site in Queens. The announcement moves the project beyond the proposal stage, although design, financing, public approvals and construction still remain before any apartments open.
What The Queens Waterfront Project Is Expected To Add
Parcel E is a 69,500-square-foot city-owned lot between 2nd Street, Center Boulevard, 55th Avenue and 56th Avenue, according to the NYC HPD project overview. The site sits next to Hunter’s Point South Park and near P.S. 384 Hunter’s Point Elementary and the Gotham Point development.
Earlier HPD planning materials envisioned 850 to 900 homes, with at least 60% designated as affordable, along with ground-floor retail, community facility space and about 1,800 square feet of publicly accessible open space, the agency’s Parcel E FAQ says. The newly reported nearly 1,000-home plan appears to increase the project’s scale while preserving its core mixed-use and affordability goals.
Parcel E Extends A Massive Long Island City Buildout
The city’s project overview says five of Hunter’s Point South’s seven parcels have already produced more than 3,000 homes, including more than 2,000 affordable units, along with schools, retail and an 11-acre waterfront park. Parcel E is therefore less a standalone tower play than the next major chapter in a waterfront neighborhood that has been built almost block by block.
The area’s affordable-housing backbone already includes Hunter’s Point South Commons, a large waterfront development whose refinancing Hoodline previously covered. The new designation adds another major public-land housing project to a neighborhood where demand has long outpaced the supply of apartments ordinary New Yorkers can afford.
A developer selection is not the same thing as a move-in date. HPD’s published process separates designation from public approvals, construction and the eventual housing lottery, so residents will have to wait for the project to clear those stages before applications become available.
