Real estate firm Durst Organization finally has ownership of the last piece of the Hallets Point property puzzle and can now move forward with the 2.5-million-square-foot project.
The company paid $15 million for the parcel of land at 1-02 26th Ave. in Astoria, according to city records. The property is needed for the $1.5 billion Queens waterfront project.
Last year, Durst paid $130 million to take control of the project from Lincoln Equities, according to The Real Deal.
When completed, Hallets Point will have 2,400 market-rate and affordable apartments. Together with the nearby Astoria Cove mega project, the two developments will bring about 4,000 units into the Astoria waterfront.