First phase of Hunter’s Point South will include two towers with at least 685 affordable apartments, parkland, and a new school. On February 9, 2011, the City announced that it had selected Phipps Houses, the Related Companies, and Monadnock Construction to develop the residential portion of the first phase of the Hunter’s Point South redevelopment plan. The City Council in November 2008 approved the City’s plan to develop a multi-building project on an eight-block 30-acre site along Long Island City’s waterfront. The proposal included low-, mid-, and highrise buildings, five acres of waterfront parkland, and a new public school. Of the proposed 5,000 apartments, 60 percent were targeted for middle-income families earning between 80 and 165 percent of the area median income. In response to community concerns, the City modified the plan to include a low-income affordable housing component. 5 CityLand 169 (Dec. 2008). The City in June 2010 issued a request for proposals seeking a developer for the first phase of construction. (read more…)