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Lennar and MOHCD report Shipyard sales: 50/51 sold out, BMR lottery results and COP outreach discussed
Summary
Lennar reported that Blocks 50 and 51 at the Hunters Point Shipyard have sold out at an average of about $650 per square foot; MOHCD reported BMR lottery results (9 BMR units at 80% AMI drew 45 applicants) and described outreach to Certificate of Preference holders, while community speakers urged more door‑to‑door outreach and better tracking of relocated COP holders.
Lennar representatives and the Mayor’s Office of Housing and Community Development briefed the commission on March 17 on sales and marketing at the Hunters Point Shipyard Phase 1 and the administration of below‑market‑rate (BMR) units.
Lennar said its first two offerings (Blocks 50 and 51, 88 units combined) have sold out. Lennar cited an average sale price of about $650 per square foot for new construction at the Shipyard and said pricing and future parkland and community amenities drove buyer interest; roughly 45% of those buyers were first‑time purchasers. Marketing relied…
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