Quantcast

Durst Organization buys final lot for Hallets Point mega project

Image and renderings courtesy of Lincoln Equities  

Real estate firm Durst Organization finally has ownership of the last piece of the Hallets Point property puzzle and can now move forward with the 2.5-million-square-foot project.

The company paid $15 million for the parcel of land at 1-02 26th Ave. in Astoria, according to city records. The property is needed for the $1.5 billion Queens waterfront project.

 

Last year, Durst paid $130 million to take control of the project from Lincoln Equities, according to The Real Deal.

When completed, Hallets Point will have 2,400 market-rate and affordable apartments. Together with the nearby Astoria Cove mega project, the two developments will bring about 4,000 units into the Astoria waterfront.

RECOMMENDED STORIES

More from Around New York