Parcel C, as it is described in the RFP, will consist of 1,000 units of housing for families earning between $60,000 and $140,000 per year.
The 110,000-square-foot building will have 28,000 square feet of new retail space along Borden Avenue and 2nd Street and HPD asks developers to keep Hurricane Sandy in mind, requiring the incorporation of storm resiliency measures that comply with FEMA flood maps.
The development, envisioned as a mixed-use waterfront development that will include 5,000 residential units, 11 acres of parkland and a 1,100-desk school, is slated to become the largest residential development initiative since Co-op City was built in the Bronx four decades ago.
The Bloomberg administration broke ground last month on the first phase of the project, with affordable units across the complex that will target families earning between $55,000 and $158,000 per year for a family of four.
Related Companies, partnered with Phipps Houses, Monadnock Construction and SHoP Architects on the first phase and is building the first two towers at the seven-tower complex, which will be 37 and 32 stories high, making up a combined 925 units geared toward “middle-income” residents.
“The neighborhood is only getting better and better and we wanted to get in on that,” Frank Monterisi, a vice president at Related Companies, told The Commercial Observer last month. “Long Island City has become very popular with young families, so there’s a real need for this.”
HPD did not return calls seeking comment on this story.
Submissions for Parcel C are due by July 26.