TF Cornerstone Tops Out Queens Skyscraper
- Aug 07, 2020
TF Cornerstone has topped out on 52-41 Center Blvd., the shorter of two towers in its massive, 1,194-unit rental development comprising the second phase of Hunter’s Point South at the western edge of Queens, N.Y. The 46-story, 475-foot-tall building will bring 394 units to the waterfront site in the rapidly developing, formerly industrial neighborhood known as Long Island City.
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Construction started on both buildings along the East River in April 2019. New York YIMBY reported that 52-41 Center Blvd. has received its final beam, with the light gray curtain wall now approaching the parapet. Like its neighbor to the north, 52-03 Center Blvd., the building is designed by ODA Architecture, with SLCE Architects as the architect of record. The taller skyscraper will top out at 56 stories and full completion of the two buildings is expected by 2022.
The project is receiving funding from the New York City Housing Development Corp. (HDC), the city’s Department of Housing Preservation & Development (HPD) and lenders Wells Fargo, JP Morgan Chase, M&T Bank and PNC Bank. A 22,000-square-foot public open space designed by Mathews Nielsen Landscape Architects will anchor the development.
Sixty percent of the apartments across the two towers will be permanently affordable to low-, moderate-, and middle-income residents, with 100 apartments earmarked for low-income seniors. Selfhelp Community Services, an organization that serves Holocaust survivors, will offer on-site support services for the senior units.
The project will also feature an 8,000-square-foot community center managed by Sunnyside Community Services and TF Cornerstone, as well as more than 8,900 square feet for local retailers and 150 parking spots. HPD is also working with the School Construction Authority to build a K-8 school on site which will start construction this year and is slated to open in 2023.
The overall, 30-acre Hunter’s Point South development will yield seven residential towers with more than 5,000 units, along with infrastructure and road improvements and a waterfront park. This past January, a joint venture between the Gotham Organization and RiseBoro Community landed more than $445 million in city financing for a two-tower community in the same neighborhood.