The development of tall, glassy, high-rent towers has been booming on the western Queens waterfront for a few years now, but the area has yet to see as substantial a stake in affordable housing as with the two in-development Hunters Point South towers by Related Companies along with Phipps Houses. The 925 apartments shared between the two buildings, Hunters Point South Commons and Crossing, will be priced below market rate in perpetuity. Senior VP of Related Frank Monterisi, a Queens native, emphatically expressed the developments as an effort to give families and working people so important to the city's fabric a reasonable, even lovely place to live in the thick of it all.
The two buildings will have a mix of studios to three-bedroom apartments, and will have amenities more common to the pricey developments a block north than to any 100-percent below market rate building. To give a sense of the asking rents in the buildings, low-income studios will start at $494, and three-bedrooms at $743. Moderate income studios will start at $1,561, and three-bedrooms at $2,729. Occupancy of the buildings will be determined by a housing lottery which can be applied to via the city's HousingConnect website. The lottery closes tonight, December 15, at 11:59 p.m. so for all the fence-sitters and procrastinators out there, look on.
Full pricing information and eligibility are listed above. Additionally, the mobility and visually impaired will receive a seven-percent preference, members of Queens Community Board 2 will receive a 50-percent preference, and municipal employees will receive a five-percent preference.
· HousingConnect [official]
· All Hunter's Point South coverage [Curbed]