Posts tagged with "Lincoln Equities Group":

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Zoning Change will Open Door for Sprawling Residential Development in Queens

Astoria may soon rival its neighbor, Long Island City, as the next major residential waterfront community in Queens. In a unanimous vote, the City Planning Commission has given developer Lincoln Equities Group the green light to move forward with a $1 billion residential housing development on Hallets Point peninsula. DNAinfo reported that the project would include 2,161 market-rate and 483 affordable apartments as well as a public esplanade along the East River, retail, supermarket, and possibly a public school in NYCHA's adjacent Astoria Houses campus. According to the Daily News, some government officials have voiced concerns that the infrastructure cannot support the surge in population that will come with this seven-building project.  Councilman Peter Vallone Jr. is worried about the strain this development will put on the local transportation. “There’s going to be thousands of people moving into this development and future developments,” Vallone (D-Astoria) told the Daily News. The proposal still has to win the support of City Council before the developers can proceed with construction. The project is anticipated to be completed by 2022.