TF Cornerstone’s long-delayed Queens waterfront project could move forward soon

Ongoing negotiations with Amtrak may be on the verge of wrapping up

TRD New York /
Jun.June 01, 2017 04:30 PM

Rendering of Hunter’s Point South (Credit: Office of Design and Architecture via DNAinfo)

A long-delayed project in Long Island City could finally start getting off the ground after being stuck in limbo for years.

The project — an apartment complex with 1,197 units that is part of Hunter’s Point South — was approved about 3.5 years ago but has faced countless delays since then due to a train tunnel and utility lines that run below the site, according to Crain’s.

Developer TF Cornerstone TRData LogoTINY, which was chosen to construct the project in December 2013, changed its building design last year due to these hurdles, but Amtrak and the New York Power Authority still need to agree to the design of the building and ensure that it will not damage their infrastructure.

Amtrak negotiations have been ongoing for more than two years but are almost done. Other components of Hunter’s Point South are also progressing, and the building may be ready to start construction by the beginning of 2018.

The Hunter’s Point South redevelopment would bring a total of 5,000 housing units to Long Island City, and officials expect to finish infrastructure on its second phase next year.

The Department of Housing Preservation and Development issued RFPs for two additional parcels at Hunter’s Point South last June. The affordable housing project is located along the Queens waterfront at 1-50 50th Avenue. [Crain’s] –Eddie Small

(To view more properties in development in Long Island City, click here)


Related Articles

arrow_forward_ios
From left: The Blau and Berg Company's Karine Blanc, TD and Partners' Nana Duncan and Lemor Development Group's Kenneth Morrison (Credit: Blauberg, TD+Partners and Lemor)

Black developers say partnerships aren’t always equal

85 4th Avenue in Brooklyn (Credit: Google Maps)

New details of Boerum Hill’s next big project unveiled

TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone’s Prospect Heights two-tower project unveiled

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Chicago’s top 5 general contractor firms were approved to build over 9 million square feet of new development

The construction giants catching a Windy City windfall

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

Resi scorecard: Brooklyn and Queens condo inventory through June 2019

Resi scorecard: Brooklyn and Queens condo inventory through June 2019

arrow_forward_ios