Permits Filed: 1,789-Unit, Three-Tower Tishman Speyer Project in Long Island City
In June, Crain’s reported that Tishman Speyer and Toronto-based H&R Real Estate Investment Trust were teaming up to build three apartment towers in Long Island City, with a grand total of 1,600 rental units.
Now, permits have been filed for the mega-development, and it’s gotten a bit bigger: 1,789 apartments will now be included across the complex, which takes up two blocks bounded by Jackson Avenue, Orchard Street, Sunnyside Yards, and Queens Boulevard.
The tallest of the towers will be 28-34 Jackson Avenue, which will rise 53 stories and 590 feet, and hold 658 apartments over 495,000 square feet of residential space, plus a nearly 6,000-square foot retail space.
After that comes 28-10 Jackson Avenue, on the same block. That tower will have a whopping 683 rental units spread over 518,000 square feet of residential space, plus more than 3,000 square feet of retail space, and will reach 44 stories and 504 feet.
Finally, the shortest of the trio is 30-02 Queens Boulevard, at just 33 stories and 374 feet. It will fit 448 apartments in 365,000 square feet of residential space, plus nearly 6,500 square feet of retail at its base.
The three-tower project will cost $875 million to build, including the cost of land, according to Crain’s. They reported that a 42-story tower would be the first to rise, in 2015, and be completed by 2017 – presumably referring to 28-34 Jackson Avenue, which is marked on the permit application as having 44 stories.
Goldstein Hill & West is listed as the architect on the permit application.
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