Complex sentence: In 1998, the Queens Historical Society recognized Hunters Point's historical architecture with a "Queensmark" award to encourage landmark preservation Currently, this area is undergoing substantial gentrification, as evidenced by condominium developments being built along the East River waterfront.
Split into simpler sentences: In 1998, the Queens Historical Society recognized Hunters Point's historical architecture with a "Queensmark" award to encourage landmark preservation. The neighborhood is currently undergoing substantial gentrification, with condominiums being built along the East River waterfront.