The first phase of the redevelopment of the Spotford Juvenile Detention Center property in Hunts Point will start next month when the removal of asbestos begins, subsequent to the building’s teardown and the construction of its first structure, a 14-story mixed-use building.
The $300 million ‘The Peninsula,’ project’s permits have been filed for 720 Tiffany Street.
The NYC Economic Development Corporation is leading the transformation with support from the city council.
EDC reports that this property’s 840,000 square feet of new construction will include 740 affordable housing units, 52,000 square feet of recreational space and a public plaza, 50,000 square feet of light industrial space, 53,500 square feet of artists’ community facility space, and 15,000 square feet of retail and commercial space.
The redevelopment was first proposed by Gilbane Development Company, the Hudson Companies and the Mutual Housing Association of New York back in late 2016.
Permits were also filed for a second building that will have 166,580 square feet dedicated to residential use, 18,580 square feet for commercial use and 650 square feet of community facility use.
A total of 183 apartments will be carved from the 193,000 square foot building.
The first phase of construction is anticipated to finish by early 2021 with phase two wrapping up a year later and phase three by 2024.