Organization Name: Gotham Organization
Project Title: Gotham Point
Project Location: Long Island City
Gotham Point is a mixed-income, multigenerational residential community that will bring 1,132 new rental residences to the Hunter’s Point South waterfront neighborhood of Long Island City, Queens. The development consists of two towers - the 33-story South Tower, estimated to be completed in mid-2022, and the 57-story North Tower, estimated to be completed in early 2023. A total of 75% of the units are rent-stabilized at affordable rates, inclusive of 98 dedicated affordable senior units, with social services and community programming to be provided by RiseBoro Community Partnership. The approx. 50,000 sf of indoor and outdoor amenity spaces will be available to residents in both towers. Gotham Point also consists of over 20,000 sf of community facility space, a portion of which will be occupied by Flux Factory, a local not-for-profit art community, an urban rooftop farm, a community boathouse and kayak launch, and over 8,000 sf of retail space.
The 847 rent-stabilized units will be available to a wide range of incomes, with qualifying incomes ranging from a minimum of $15,806 up to a maximum of $137,940 for an individual, and a minimum of $23,692 up to a maximum of $196,845 for a household of four.
Gotham Point will include retail and community facility space on the ground floor of both towers, with approximately 3,000 square feet designated as Flux Factory’s new permanent home and fourth location, “Flux IV”, to support emerging artists with an artist-in-residency program, a community boathouse at the South Tower, and approximately 8,000 square feet of retail and 14,000 square feet of community facility space in the North Tower .
Gotham Point also helps to meet the needs of New York City’s growing senior citizen population, with 98 homes set aside for low-income seniors in an 11-story dedicated wing for independent senior living. In addition to having access to the rest of the residential amenities throughout both buildings, the senior living community will feature its own personal lobby space as well as a lounge and laundry room on each floor, library, and community room with a shared pantry.
Gotham has over 100 years of experience constructing and developing high quality mixed-use buildings throughout New York. Gotham’s long track record of success in developing homes for low, moderate, and middle-income residents in New York City is possible thanks to successful partnerships with public agencies, not-for-profits and property owners. Gotham’s in-house property management division seamlessly transitions into ongoing building and community management, operating vibrant and engaging communities in the neighborhoods it builds in.
Goldman Sachs Urban Investment Group