News Summary

New York City has released a request for proposals (RFP) to redevelop Parcel E at Hunter’s Point South. The project aims to transform the vacant site into a mixed-use community with approximately 850 housing units, of which at least 60% will be income-restricted. This initiative is part of the city’s comprehensive strategy to address the ongoing housing crisis by increasing affordable housing options, while also providing commercial space and public facilities.

New York City Issues RFP for Development of Parcel E at Hunter’s Point South

New York City has launched a new initiative to redevelop Parcel E in Hunter’s Point South, Long Island City, as the Department of Housing Preservation and Development (HPD) released a request for proposals (RFP) aimed at transforming the 70,000 square foot vacant site into a vibrant mixed-use community. This project is part of the city’s broader strategy to address its housing crisis by increasing the availability of affordable housing options.

The RFP outlines a multi-building development that will include approximately 850 housing units, a mix of affordable and market-rate options, commercial space, and community facilities. The project is expected to encompass around 875,000 square feet of space and will provide about 1,800 square feet designated for public open space, enhancing the neighborhood’s recreational offerings. Included in the plans are also 230 parking spaces to accommodate residents and visitors.

To meet the pressing needs for affordable housing in New York City, the RFP emphasizes that at least 60% of the residential units must be restricted by income, ideally aiming for 70% of the units to be income-restricted. This necessitates that all units in at least one building must be 100% affordable. The targeted rent for these affordable units is intended for households earning no more than 120% of the area median income, which translates to approximately $194,000 a year for a family of four.

For this redevelopment effort, the city is placing a premium on proposals that include childcare or early childhood education centers, recognizing the importance of such facilities in fostering family-friendly environments. Interested developers have until September 5 at 4 p.m. to submit their proposals to HPD.

Background and Significance

The Hunter’s Point South site extends over 30 acres along the East River waterfront and has already seen significant growth and development in recent years. More than 3,000 homes have been built as part of the overall initiative, over 2,000 of which are classified as income-restricted, demonstrating the city’s commitment to providing affordable housing options. Previous phases also introduced two schools and the expansive 11-acre Hunter’s Point South Park, enriching the local community.

Originally, this area was considered as a potential site for the Olympic Village during New York’s bid for the 2012 Olympic Games, highlighting its strategic location and potential for large-scale development. The long-term vision for Hunter’s Point South intends to create around 5,000 new homes, including roughly 3,000 that would be affordable, alongside additional commercial and community spaces, three new schools, and several public parks. Currently, five out of seven parcels in the Hunter’s Point development plan have been completed.

Citywide Housing Initiatives

This RFP aligns with New York City’s ongoing commitment to tackle the housing crisis, evidenced by recent proposals in other neighborhoods such as Lower Manhattan and Coney Island. The emphasis on affordability and community-centric spaces in these projects reflects an understanding of the diverse needs of residents and the importance of creating sustainable neighborhoods.

As the city continues to face challenges related to housing availability and affordability, the redevelopment of Parcel E at Hunter’s Point South represents a pivotal step in addressing these issues while further enhancing the vibrancy of Long Island City. The thoughtful planning associated with this RFP demonstrates a proactive approach to urban development in one of the nation’s most densely populated cities.

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HERE Resources

Additional Resources

• Commercial Observer
• Wikipedia: Hunter’s Point
• LIC Post
• Google Search: Hunter’s Point South
• New York YIMBY
• Encyclopedia Britannica: Housing Crisis New York
• Connect CRE
• Google News: Affordable Housing New York 2025

Author: STAFF HERE NEW YORK WRITER

NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.