Hunters Point South: Building a New Neighborhood
Hunters Point South will transform an underused stretch of Queens waterfront into a community of 5,000 housing units for 9,000 residents, 60% of which will be targeted fro middle-income residents. Phase I, which recently broke ground, is set to be done by 2014. The first phase of this 10-year, $350-million project under the sponsorship of NYC Housing and Preservation Department has just been awarded to a partnership of The Related Companies, Phipps House and Mondadnock Construction.
On Monday, April 11, 2011, the Paul Milstein Center for Real Estate and the Real Estate Development Program at the Graduate School of Architecture, Planning, and Preservation hosted a panel discussion on the development of Hunters Point South. Panelists included Holly Leicht, Deputy Commissioner, New York City Housing and Preservation Department; Nick Lembo, Principal, Monadnock Construction, Inc.; Frank Monterisi, the Related Companies; and Adam Weinstein, President and CEO, the Phipps House Group
The panel was mooderated by Lynne Sagalyn, Earle W. Kazis and Benjamin Schore Professor of Real Estate & Director, Paul Milstein Center for Real Estate and introduced by Vishaan Chakrabarti, Marc Holliday Professor of Real Estate Development and Director, Real Estate Development Program Graduate School of Architecture, Planning and Preservation