Lightstone’s 2nd Street Development Moving Ahead Quickly

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The Lightstone project at 50-01 2nd Street, across the street from Hunters Point South, looks like it should comfortably meet its target opening date of April 2014. The 12-story, 199-unit residential project is being built by the same group that’s got a 700-unit rental development in the works for the banks of the Gowanus Canal in Brooklyn. When Crain’s wrote about the project last year, the developer was targeting rents of at least $48 a foot but we think it’s a safe bet that they’ll clear $50 at this point for residential rents. Meanwhile, Winick Group is marketing about 12,000 square feet of ground-floor retail space. Click through below to see a rendering of how the project is supposed to look when it’s finished. GMAP

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2 Comment

  • Since that building was under construction during Sandy and the retail on the first floor of the Powerhouse is still wiped out, I hope they did some extra work there to prevent future flooding or any retail tenant that goes in there better have good flood insurance.

  • Gowanus, those guys didn’t care about neighbours, and built past their official hours every single day incl. weekends (outside of variances) – I checked DOB times.
    Also, ground floor is supposed to be a supermarket.