Lightstone’s 2nd Street Development Moving Ahead Quickly


    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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