Several of the first ground-floor retail leases have been announced for 2-20 And 2-21 Malt Drive in Hunter’s Point, Queens, marking a step toward the project’s completion. Developed by TF Cornerstone and designed by SLCE, the two-tower development spans 1.43 million square feet and yields 1,386 rental residences. The project’s design pays homage to the site’s history as a former sugar cane processing facility and later a beer distribution center, and notably will creates new public open spaces along Newtown Creek, including the recently opened Malt Drive Park.
Rendering of 2-20 and 2-21 Malt Drive in Hunters Point, Queens, courtesy of TF Cornerstone
Announced leases at this time include a mix of tenants across various industries, including Stepping Stone Café by Maman, Dear sundays, FER Restaurant, and JoJo & Co. Pet Club. These retailers will occupy a total of 25,000 square feet of retail space, with specific units offering outdoor seating.
Fitness center at 2-20 and 2-21 Malt Drive in Hunters Point, Queens via NYC Housing Connect
Roof deck at 2-20 and 2-21 Malt Drive in Hunters Point, Queens via NYC Housing Connect
Amenities at 2-20 and 2-21 Malt Drive will include on-site parking, bicycle storage, coworking spaces, lounges, fitness centers, shared laundry rooms, children’s playrooms, roof decks with barbecue grills, sundecks, courtyards, and an outdoor swimming pool.
Entrance at 2-20 Malt Drive in Hunters Point, Queens via NYC Housing Connect
“This impressive volume underscores the robust demand for innovative retail space within this growing area of Long Island City,” said Steve Gonzalez, TFC’s vice president of retail leasing. “MaltDrive is a distinctive development. As such, we’re prioritizing smaller-sized retail tenants to retain its uniquely local character. TFC remains committed to contributing to Long Island City’s future and to enhancing the vibrancy of the neighborhood for both residents and neighbors alike.”
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There would be no distortion in rent, because each tenant should have good financial status: Thanks.
What is rent “distortion?”