Multi-Building Hallets North Mixed-Use Development Gets City Council Green Light

Developer Astoria Owners received approval from the City Council of a rezoning proposal that opens the door to construction of a 1,340-unit mixed-use complex. The site located at 3-15 26th Avenue along the Hallets Point peninsula will give rise to a trio of buildings totaling 987,000 square feet that will house 1,340 residential units — of which 355-units will be designated permanently affordable at up to 60% area median income (AMI), and 268-units will be available to residents earning below 50% of AMI. In addition, the complex will include retail space, 21,500 square feet of community facilities, a 525-car garage, and a public waterfront park. The first phase of construction is expected to begin next year with a 2028 estimated full completion.