Initial Permits Filed for Willets Point Site Adjacent to Citi Field
Queens Development Corp, a joint venture of Related Companies and Sterling Equities have filed plans for two of the three developments that will rise in Willets Point on the 6-acre site adjacent to Citi Field. In 2021 when the project secured approvals from the Queens Borough Broad, it was expected to deliver 1,100-units of affordable housing, 25,000 square feet of retail, one acre of public space, a 650-seat public elementary school, a 3,000-square-foot community facility, and roughly 300 parking spaces. Required to build the affordable housing prior to the profitable components, current filings for construction at 126-43 39th Avenue and 126-55 39th Avenue consist of 12-story mixed-use buildings hosting a combined total of 881-units of affordable housing as wells as retail, commercial, and community facility space plus parking. The project spearheaded during the Bloomberg administration incurred setbacks partially due to significant opposition which has largely been overcome. Construction is slated to begin in 2024.
In addition to the initial permits filed by the development team, and as part of the private-public partnership with the New York City Football Club (NYCFC) and the Queens Development Corp, the next phase of the transformation of the Willets Point community as envisioned by Mayor Adams’ administration includes 2,500-units of affordable housing — New York City’s largest 100-percent affordable new housing project in 40 years, with an accelerated construction timeline according to the announcement by the New York City Economic Development Corp. (NYCEDC). Mayor Adams’ plan will also bring the city’s first soccer-specific stadium along with over 40,000 square feet of public open space, a 250-key hotel and ground floor retail space. The entire project is expected to generate $6.1 billion in economic impact over the next 30 years, creating 1,550 permanent jobs and 14,200 constructions jobs.