La Peninsula Development Brings Affordable Units and Food
Hunts Point residents gain access to 800 affordable units and a new city-owned grocery store via the La Peninsula project.
Updated on Oct. 27, 2026 in Commercial
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The La Peninsula development in Hunts Point is transforming a former five-acre juvenile detention site into a mixed-use project providing 800 affordable housing units. This development also features a city-owned grocery store designed to provide residents with better access to fresh food.
Why it matters
The project serves to mitigate housing costs and food insecurity in Hunts Point, an area identified as a food desert. By integrating affordable rentals with essential healthcare and food services, the site aims to address local challenges related to health and economic access.
The development includes 800 total housing units, surpassing the original plan of 740, with starting rents for studio units in the second phase at $465.00.
The players
Department of Housing Preservation & Development
A municipal agency that manages the lottery-based application process for affordable housing units.
Mayor Mamdani
The current mayor of New York City who championed the municipal grocery store program during the 2024 campaign.
The details
The La Peninsula site is being constructed in three phases across its five-acre footprint to provide affordable living and community amenities. Residents are selected through a lottery process administered by the city Department of Housing Preservation & Development. The second phase, which includes 359 units, is currently underway and is intended to help bridge the gap in affordable housing supply.
Timeline
2024: The municipal grocery store program was featured in the mayoral campaign.
Fall 2026: The site will add 300 affordable units for new tenants.
Late 2026: The second phase of construction is scheduled for completion.
Money Landscape
This development marks a shift in how New York City utilizes city-owned land to provide essential services in historically underserved areas. It aligns with recent policy efforts to combat food deserts by integrating retail and healthcare directly into affordable housing projects.
Eligible residents should monitor the city's lottery portal for updates on new housing units as they become available. Renters interested in the second phase should consult with a qualified professional to understand the application criteria for these affordable studio options.
The takeaway
The La Peninsula development demonstrates a model for integrating essential food access into large-scale housing projects. Interested residents should keep track of official lottery openings for new units and review the city's housing guidelines for future eligibility requirements.
What happens next
Developers will soon announce the construction start date for the third phase of the La Peninsula development.
Further reading
Learn more about the latest projects in New York City Commercial.
Source note: This article includes information reported by NYREJ.
Live Poll
Do you support the establishment of city-owned grocery stores to address food deserts in your community?
