From the New York Times,
The goal, according to city housing officials, is to reinvent an isolated island of poverty into a “mixed-income” neighborhood with sophisticated architecture and a coherent urban design.
Plans for Hunters View call for the replacement of all 267 low-income units on site, plus 530 new market-rate rentals and condos. The developers are a venture of three private firms, the John Stewart Company, Devine & Gong and the Ridge Point Non-Profit Housing Corporation. The overall effort is overseen by the city. The total project, slated for completion in 2017, has an estimated cost of $500 million.More at the New York Times
h/t R. Choy