The Real Deal New York

Tishman, H&R file permits for 1,789-unit LIC project

$875M development to hold rentals in three towers

November 11, 2014 04:50PM

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From left: Rob Speyer and Long Island City development site (Credit: Bing Maps via YIMBY)

Tishman Speyer and Toronto-based partner H&R Real Estate Investment Trust filed plans today for a 1,789-unit rental project in Long Island City.

The three towers would rise at 28-34 Jackson Avenue, 28-10 Jackson Avenue and 30-02 Queens Boulevard. The 53-story, 501,000-square-foot building at 28-34 Jackson would hold 658 apartments and a ground-floor retail space. The other properties will be a 44-story, 521,000-square-foot tower with 683 rentals on Jackson Avenue and a 33-story, 365,000-square-foot tower with 448 rentals.

The development, to be designed by architecture firm Goldstein Hill & West, will cost $875 million to build, New York YIMBY reported.

The developers announced their partnership in June. Tenants would begin to move in to at least one of the towers by 2017, as previously reported. [NY YIMBY]Mark Maurer

 

  • Rafe Ortiz

    This must be because of Tishman Speyer’s wonderful track record with rental projects. Oh, like Peter Cooper and Stuyvesant Town???

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