TF Cornerstone

affordable housing, Landscape Architecture, Long Island City, New Developments, Policy, Urban Design

TF cornerstone, 44th Drive, Anable Basin, LIC, Long Island City

Image: TF Cornerstone

Developer TF Cornerstone has released new details about public open space slated to be part of the proposed project spanning over 1.5 million square feet at 44th Drive on city-owned land along the Long Island City waterfront, LICpost reports. Known as the Long Island City Innovation Center, the proposed massive city-led development, which will need zoning changes in order to move forward, includes office, retail, and manufacturing space and two high-rise residential towers with over 1,000 units, 25 percent of which would be affordable. The latest news concerns the acre of publicly accessible open space that is also part of the controversial development. According to TF Cornerstone, this open space will become a waterfront park with a focus on resiliency and sustainability.

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affordable housing, housing lotteries, hudson yards, Midtown West

Adding to yesterday’s announcement of the waitlist launch for affordable apartments at TF Cornerstone’s 455 West 37th Street, a waiting list is now open for 840 more units in the Hudson Yards/Midtown West development just across the avenue at 505 West 37th Street. Similarly, the affordable units are available for households earning 40 percent of the area median income or between $22,903 and $38,160, and range from $613/month studios to $801/month two-bedrooms. Residents can enjoy amenities like a 24-hour attended lobby, an on-site resident manager, a sun terrace, a fitness center, party rooms and a laundry room (additional fees may apply in some cases).

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affordable housing, housing lotteries, hudson yards, Midtown West

455 West 37th Street, housing lottery, affordable housing

The lottery is now open for a waitlist for affordable rental apartments at TF Cornerstone’s 455 West 37th Street in the Hudson Yards district in West Midtown. The units are available for households earning 40 percent of the area median income or between $22,903 and $38,160, and range from $613/month studios to $801/month two-bedrooms. Amenities at the 23-story building include a 24-hour attended lobby, an on-site resident manager, a sun terrace, a fitness center, party rooms and a laundry room (additional fees may apply in some cases).

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affordable housing, housing lotteries, Major Developments, Midtown West

The lottery for TF Cornerstone’s massive building at 606 West 57th Street officially launched on Tuesday, offering 258 mixed-income rentals in the brand new 42-story tower. Designed by Arquitectonica, the rental, dubbed 606W57, boasts a unique, boxy design and will hold over 1,000 apartments. It sits near other West Side architectural standouts like the pyramid-shaped, Bjarke Ingels-designed Via57 West, as well as the Helena. Qualifying New Yorkers earning 40, 60 and 120 percent of the area median income can apply for units ranging from a $613/month studio to a $2,902/month three-bedroom.

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affordable housing, Long Island City, Major Developments, Queens

Rendering of Hunters Point South courtesy of Handel Architects

Plans to redevelop Hunters Point South, a project first proposed by former Mayor Michael Bloomberg, is finally making some headway. The city’s Department of Housing Preservation and Development and the Housing Development Corp. on Thursday selected a proposal that will bring a 1,120-unit apartment complex, with 80 percent of them permanently affordable, to the southern tip of the Long Island City neighborhood. According to the Wall Street Journal, the $500 million, two-tower project is being developed by Gotham and RiseBoro Community Partnership Inc.

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Construction Update, Design, Major Developments, Midtown West, Rentals

606 West 57th Street, TF Cornerstone, West 57th

Construction progress as of mid-October, via CityRealty

In May 2012, TF Cornerstone (TFC) entered a 99-year ground lease for the building’s site that spans nearly a full city block and measures 63,000 square feet. Now topped out and fully skinned, the massive rental at 606 West 57th Street has a less flashy appearance than renderings previously hinted, but still features an impressively imposing, boxy design, as CityRealty reported. Designed by Arquitectonica, the 42-story, 1.2 million-square-foot building will contain a whopping 1,028 apartments. It joins other West Side gems like the Helena and the pyramid-shaped, Bjarke Ingels-designed Via57 West.

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Long Island City, Major Developments, New Developments, Policy

TF Cornerstone, Hunters Point South, ODA Architects

Updated rendering of parcel c for Hunters Point South, courtesy of ODA Architecture

TF Cornerstone on Thursday filed its first permits for a 1,200-unit apartment building as the second phase of the city’s Hunters Point South redevelopment, a project that first began in 2013. The plan for the waterfront neighborhood in Long Island City, Queens called for a mixed-use, affordable housing development that would hold up to 5,000 units, with 60 percent of them affordable. Selected for phase two of the ambitious project by Mayor Michael Bloomberg’s administration, TF Cornerstone’s original proposal was delayed for four years after local, state and federal authorities forced the developer to rethink its design (h/t Crain’s).

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Design, Long Island City, Queens, real estate trends

newtown creek, amazon, long island city

Rendering of the Hunters Point South project, courtesy of NYCEDC

An eight-acre, 1.6 million-square-foot residential site next to Hunters Point South is for sale, a piece of land owned by a family for generations. According to the New York Post, the site could potentially bring in $480 million if targeted to market-rate condominiums since land in Long Island City sells for roughly $300 per square foot. The triangle-shaped plot of land found at 55-01 Second Street and bounded by 54th Avenue and Vernon Boulevard, sits on Newtown Creek, an estuary that forms part of the border between Brooklyn and Queens. The site might make the perfect spot for Amazon’s second headquarters as the tech giant seeks 500,000 square feet for their HQ2 by 2019.

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affordable housing, Downtown Brooklyn, housing lotteries

33 Bond Street, Handel Architects, TF Cornerstone, Downtown Brooklyn affordable housing, Downtown Brooklyn rentals

Rendering via TF Cornerstone

Applications are currently being accepted for the second phase of affordable apartments at 33 Bond Street, a building nestled among the bustling neighborhoods of Downtown Brooklyn, Boerum Hill and Cobble Hill. The 25-story building sits just one or two blocks from all major subway lines and is within walking distance to Fort Greene Park and the Barclays Center. New Yorkers earning 40 and 120 percent of the area median income can apply for units ranging from a $613 per month studio to a $2,519 per month two-bedroom.

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Long Island City, New Developments, Rentals

TF Cornerstone, LIC development

Rendering courtesy of TF Cornerstone

The waterfront Queens neighborhood of Long Island City has gone from a sleepy, factory town to boasting the country’s largest number of new rental apartments. Now, to preserve some of LIC’s industrial backbone, a new development proposal from TF Cornerstone calls for a massive $925 million mixed-use complex, which will include 1,000 rental apartments and 100,000 square feet of light manufacturing space. As the New York Times reported, the project comes at the city’s request in 2016 for mixed-use project proposals with a focus on commercial and industrial space.

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