The ribbon cutting at Gotham Point. Image Credit: Ed Lederman/HPD.
On November 15, 2022, City agency and elected officials joined the Gotham Organization for the announcement of the completion of Gotham Point, a new housing development in Long Island City. The North Tower, the final part of the development, is located at 1-15 57th Avenue.
The two-towered development offers more than 1,100 new residences, with 75 percent priced below market rates. Along with apartments, the 56-story North Tower will provide space for small retail establishments and parking, while the 33-stroy South Tower, completed in March 2021, will house community facility space and a boathouse. Both towers also have lounge space, terraces, and access to fitness clubs and playrooms for children.
Ninety-eight homes will be set aside for low-income seniors in an 11-story wing for senior living in the North Tower. The senior living space will have its own dedicated lobby space, a lounge and library on each floor, a library, an outdoor terrace, and a community room with a shared pantry. Riseboro will provide special programming for the senior community.
Gotham Organization claims that Gotham Point, located on the water, will provide select residents with sweeping views. There is ready access to Hunter’s Point South Park, as well as to restaurants and shops in the Long Island City neighborhood. The 7 subway line, the East River Ferry, and the Long Island Railroad connect Gotham Point to the rest of New York City.
Queens Borough President Donovan Richards Jr. stated, “With Queens in the throes of a housing crisis, opening hundreds of units of high-quality affordable housing, including nearly 100 units of housing set aside for low-income seniors, in Western Queens is a game-changer.”
“RiseBoro is thrilled to partner with Gotham Organization and provide low-income seniors with access to safe, stable, independent, and affordable housing,” said Scott Short, CEO of RiseBoro Community Partnership. “The delivery of these 98 homes will make an impact into the lives of many, and we are proud to celebrate this milestone today.”
“After many years of thoughtful collaboration with the City and RiseBoro Community Partnership, it is incredible to see our vision of a diverse and inclusive community come to life at Gotham Point,” said David Picket, CEO of Gotham Organization.
By: Kyle Hunt (Kyle is a CityLaw intern and a New York Law School student, Class of 2024.)