Astoria’s waterfront is about to undergo a massive green makeover. The City Planning Commission recently voted unanimously to rezone industrial areas in the Queens nabe into residential space, giving the Lincoln Equities Group a green light to redevelop part of Hallets Point. The new $1 billion project will introduce 2,161 market-rate and 483 affordable apartments as well as a publicly-accessible esplanade and park along the East River.
The large water-facing public park space would be complete with pedestrian walkways, bike paths, and a water taxi stop. The area surrounding the public esplanade is also being considered as new space for retail stores, restaurants, and supermarkets. The Lincoln Equities Group also says it is considering the construction of a new public school in the NYCHA campus.
The plan is currently up for a vote in the City Council. If approved, the developer says the project could break ground as soon as late 2013 and could be completed in 2022.
But this isn’t the only rezoning project that’s coming together in Astoria. The Astoria Cove project, overseen by Alma Realty, proposes four new 30-story residential towers to be built along a stretch of industrial land facing the East River along 26th Avenue. The newly approved Astoria Cove project includes 1,800 housing units, a promenade, and areas for stores as well as restaurants.
Images © Lincoln Equities Group