Renderings revealed for Tishman Speyer’s massive, mixed-use developments in Long Island City

September 20, 2016

Residential tower at 28-10 Jackson Avenue (L); Commercial tower at 28-07 Jackson Avenue (R). Via Tishman Speyer

There are currently nearly 30 under-construction and proposed projects in Long Island City, which, as 6sqft recently described “is sprouting a small city worth of skyscrapers, ushering in thousands of new residents, hundreds of hotel rooms, and a few hundred thousand square feet of office space.” Two big-time projects come from Tishman Speyer Properties, who are erecting a trio of slab residential towers that will together usher in 1,900 new apartments. In a Wall Street Journal piece today, we get a first look at this glassy consortium, along with new details about the developer’s adjacent two-towered commercial project that will be home to WeWork, Macy’s, and yet another food hall.

Long Island City, Tishman Speyer, 28-10 Jackson Avenue
Residential tower at 28-10 Jackson Avenue (L); Commercial tower at 28-07 Jackson Avenue (R)

The residential towers, designed by Goldstein Hill & West Architects and covering 1,687,776 square feet, are located at 28-34 Jackson Avenue, 28-10 Jackson Avenue and 30-02 Queens Boulevard, and are 53, 45, and 43 stories respectively. In addition to the residential units, they will have 13,807 square feet of ground-floor retail space and a 2.5-acre central park.

The commercial project at 28-07 Jackson Avenue is right across the street and consists of two 27-story office towers, as well as a four-story retail building with a 1.5-acre park on its roof that will house a food hall, fitness center, and restaurants. It was designed by MdeAS Architects and totals 1.1 million square feet. Tishman was prepared to build the complex on spec, but ended up pre-leasing nearly half of the $700 million development, or more than 800,000 square feet–250,000 to WeWork Cos. and 550,000 to Macy’s Inc.

This “demand for high-quality offices and retail spaces in Long Island City,” the Journal explains, “is being fueled in part by the 11,000 condominiums and rental apartments that have been built there over the past decade.” (Another 22,000 are planned or under construction.) Additionally, the city has been offering tax credits to businesses who move their operations to targeted sites in the neighborhood.

Though Tishman’s residential and retail-office projects are being developed separately, chief executive Rob Speyer said, “It wouldn’t surprise me if the people who work in our office development live in our residential development.” The residential complex is planned to be complete by 2018, while the commercial development should wrap up by 2019.

[WSJ via NYY]


Renderings via Tishman Speyer

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