TF Cornerstone’s 41-story LIC tower tops out

TRD New York /
Sep.September 05, 2012 02:00 PM

Developer TF Cornerstone’s 41-story 4545 Center Boulevard rental building in Long Island City has topped out, the firm announced today. The rental is the fifth and largest property in its 21-acre East Cost development project.

TF Cornerstone said construction is moving ahead of schedule and the building is slated to open for leasing in April 2013. The Arquitectonica-designed property will contain a mix of 820 studios, one-, two- and three-bedroom apartments. The building is slated to include a dog run, tennis courts, 1,000 parking spaces and both indoor and outdoor fitness facilities. Rents have not yet been set (note: correction appended).

Another building in the East Coast development, at 4540 Center Boulevard, currently has 60 active listings, ranging from $2,300 for a studio to $4,800 per month for a two-bedroom, 1,008-square-foot listing, according to Streeteasy.com.

All in all, East Coast will have a total of 2,615 rental and 184 condominium units across seven buildings when complete.

Published reports have repeatedly indicated that Long Island City is growing in clout. The neighborhood could become home to a tech incubator space. In terms of residential spaces, 50 percent of the units in One Murray Park had entered contract earlier this month and for offices, JetBlue opened its headquarters in the neighborhood this past spring. — Zachary Kussin


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