From left: TF Cornerstone’s Thomas Elghanayan, a rendering of 4545 Center Boulevard and an image of the crane collapse (Credit: Larry Dusseau)

TF Cornerstone’s 41-story, 820-unit rental property at 4545 Center Boulevard in Long Island City is now leasing homes, according to a release from the developer. [more]

From left: Joe Sitt, 300 Livingston Street and Thomas Elghanayan

TF Cornerstone has paid Thor Equities roughly $75 million for a large parking garage and retail property in Downtown Brooklyn, which could make way for a major residential tower, Crain’s reported. Located at 300 Livingston Street, the site currently houses a 230,000-square-foot parking garage with ground floor retail space, but is zoned for a residential development of up to 600,000 square feet. [more]

A diagram from 606 West 57th Street zoning application

TF Cornerstone is planning a 45-story, 1,189-unit residential tower at 606 West 57th Street, a site formerly eyed by AvalonBay Communities, the New York Observer reported.

The project, if approved, would be comprised of a total 1.2 million square feet, including 42,000-square feet of commercial space and a 550-space underground parking garage. More than 200 of the building’s units would be set aside for affordable housing under the city’s 80/20 program. [more]

The LIC collapse (credit: Larry Dusseau)

TF Cornerstone has been slapped with a Department of Buildings violation for the Jan. 9 collapse of a crane at its 4610 Center Boulevard site in Long Island City, the Associated Press reported. Additionally, crane operator Paul Geer and Cross Country Construction have been slapped with five violations apiece, and face fines of at least $64,000. A site safety manager also received one violation. [more]

A collapsed crane at a TF Cornerstone site in Long Island City (Image courtesy Larry Dusseau)

Owners have been lax in maintaining cranes and operators have been careless, an analysis of city records by the New York Daily News shows. This negligence has been the cause of several recent accidents, including the collapse of a crane earlier this month at the site of TF Cornerstone’s luxury rental development in Long Island City, which injured seven workers.The Daily News found multiple examples since 2010, some of which led to gruesome injuries… [more]

2 Gold Street

Originally slated to move back home on Mar. 1 following damages sustained during Hurricane Sandy, tenants at 2 Gold Street will now likely be able to return two weeks earlier, Curbed reported. Building management indicated in a building memo that several new pieces of equipment needed for the final repairs were received. “We are confident that we will receive a green sticker from the Department of Buildings, authorizing full permission to re-occupy the building, on or before February 15, 2103,” the memo reads. “To all of our tenants, we extend our deepest thanks for your patience as we repair and improve the building, and we look forward to welcoming you home.” [more]

The collapsed LIC crane

The city has suspended the license of the operator of the Long Island City crane that collapsed on Wednesday, the New York Times reported. In a statement, the city said that the operator, identified as Paul Geer, was trying to lift a 23,900-pound load — over twice the crane’s capacity. The statement says that Geer “was unable to see the materials being lifted and was attempting to lift those materials outside of the approved landing zone.” [more]

Image courtesy Larry Dusseau

A crane collapsed today at a TF Cornerstone luxury rental site in Long Island City, injuring several workers, the New York Post reported. The accident occurred at around 2:30 p.m. “A few people were injured, no one was hurt seriously,” a leasing agent told the Post. But it appears that there were three serious injuries, CBS reported. A TF Cornerstone spokesman didn’t immediately respond to the Post’s request for comment. The 41-story 4545 Center Boulevard tower topped out in September 2012 and is scheduled to open for leasing in April 2013…. [more]

2 Gold Street

[Updated Wednesday 12:58 p.m. with additional information from TF Cornerstone] Residents of 2 Gold Street are claiming that TF Cornerstone, the landlord at the 839-unit Financial District apartment tower, has failed to make a good enough effort to relocate tenants or provide them with accurate and consistent information in the wake of Hurricane Sandy, The Real Deal has learned.

More than 50 residents sent an open letter to TF Cornerstone calling on the developer to improve communication between management and residents, as well as improve support for the residents displaced by the storm. The building sustained serious damage from Sandy and may not reopen for a month or longer. Meanwhile, tenants have been displaced. [more]

A rendering of the planned roof at 387 Park Avenue South

The office building at 387 Park Avenue South is about to join Midtown South’s new fleet of top tier spaces, according to the New York Observer. TF Cornerstone is adding an outdoor area and roof-top conference facility, as well as a new glass façade to the lower floors of the 12-story commercial building. [more]