Leasing has launched for market-rate rentals at 52-41 Center Boulevard, TF Cornerstone’s latest high-rise addition to the Long Island City. Located along the East River waterfront, the 46-story tower is one of several residential properties within the Hunter’s Point South mega-development and introduces 394 rental apartments.
52-41 Center Boulevard
The housing lottery is now open for 52-41 Center Boulevard, one of two Hunter’s Point South towers on Long Island City‘s waterfront in Queens. Developed by TF Cornerstone and designed by ODA, 52-41 and 52-03 Center Boulevard will bring 1,194 new residential units in the form of studios, one-bedrooms, and two-bedrooms ranging in monthly rent from $698 to $2,704. Sixty percent of units will be allocated as permanently affordable to low-, moderate-, and middle-income families, and 100 apartments will go to low-income seniors. Available on NYC Housing Connect are the first 185 affordable units at 5241 Center Boulevard, part of a total 719 affordable units. Half of the total affordable units are set aside for the local community within Queens Community Board 2.
Work is progressing swiftly on TF Cornerstone‘s two-tower Hunters Point South development in Hunters Point, Queens. Construction recently topped out on 52-41 Center Boulevard, a 46-story, 475-foot-tall residential building, the shorter of the two structures. The taller, 587-foot-tall sibling is rising just to the north at 52-03 Center Boulevard and will eventually top out at 56 stories. Both are designed by ODA Architecture with SLCE Architects as the architect of record.
Construction is approaching the final floors at 52-41 Center Boulevard, a 475-foot-tall residential tower in the Hunters Point South Towers development in Hunters Point, Queens. Designed by ODA Architecture and developed by TF Cornerstone with SLCE Architects as the architect of record, the 46-story, 394-unit structure stands to the south of its rising sibling, 52-03 Center Boulevard, which will eventually stand 56 stories and 587 feet tall.
While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.