Tishman Speyer

First of Three Towers at 28-10 Jackson Avenue Arrives on the Long Island City Skyline

YIMBY readers may be getting used to announcements of Long Island City superlatives, such as the tallest hotel in Queens nearing completion close to the borough’s tallest residence, which was recently surpassed by the city’s tallest apartment building outside of Manhattan. Even against these headlines, the complex rising at 28-10 Jackson Avenue, designed by SLCE Architects, takes scale to a new level. With over 1,900 units, 28-10 Jackson Avenue nearly doubles the offerings of the massive, 974-unit Hayden under development a few blocks west.

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28-07 Jackson Avenue

Reveal for Two-Tower, 1.1-Million-Square-Foot Office Complex at 28-07 Jackson Avenue, Long Island City

A rendering has been revealed of Tishman Speyer’s planned two-tower, 1.1-million-square-foot office complex at 28-07 Jackson Avenue (a.k.a. 28-10 Queens Plaza South), in the Queens Plaza section of Long Island City. The towers – dubbed One and Three Gotham Center – will stand 27 stories, or 396 feet, in height. As YIMBY reported in June, new building applications indicate a common four-story base will include roughly 30,000 square feet of retail space, restaurants, a food hall, and a parking garage for cars and bikes. The rendering also depicts an outdoor terrace on the fifth floor. 800,000 square feet of office space in the complex has already been pre-leased. One tenant includes WeWork, which is set to take 250,000 square feet. Another is Bloomingdale’s, which has reserved 550,000 square feet of office space, Crain’s reported. Doha-based Qatari Diar is co-developing the project, while Financial District-based MdeAS Architects is designing. Excavation is expected to begin in early 2017, with completion scheduled for 2019. One and Three Gotham Center will join the 22-story, 700,000-square-foot Two Gotham Center located immediately to the north. Tishman Speyer developed that in 2011.



28-02 Jackson Avenue

Three-Tower, 1,771-Unit Residential Project Rises Above Street Level at 28-10 Jackson Avenue, Long Island City

Back in the summer of 2015, foundation work kicked off on the three-tower, 1,771-unit mixed-use development planned on Jackson Avenue between Orchard Street and Queens Boulevard, in the Queens Plaza section of Long Island City. Construction has since progressed significantly, as seen in photos by NyConstructionPhoto. On the corner of Jackson Avenue and Orchard Street, at 28-02 Jackson Avenue, a 45-story, 671-unit residential tower with ground-floor retail space is now eight stories above street level. Additionally, construction is underway at 28-30 Jackson Avenue, where a 53-story, 658-unit residential tower with ground-floor retail space is planned. The third tower, to be located on the corner of Jackson Avenue and Queens Boulevard at 30-02 Queens Boulevard, will rise 43 stories and will contain 442 residential units along with ground-floor retail. That building hasn’t risen out of the ground yet.


422 Fulton Street

First Look at Macy’s Five-Floor Renovation Planned at 422 Fulton Street, Downtown Brooklyn

In August of 2015, news broke that Tishman Speyer was acquiring five stories of Macy’s nine-story commercial building at 422 Fulton Street, along with the parking garage at 11 Hoyt Street/217 Livingston Street, in Downtown Brooklyn, for $170 million. Macy’s is expected to consolidate their retail space into 278,000 square feet on the lower half of the building (basement through fourth floors). Speyer would then expand and convert the upper portion into 10 stories of office space. The Wall Street Journal now has the first glimpse of the renovations, which Speyer has agreed to fund (as part of the deal), that will go into Macy’s portion of the building. Macy’s and FRCH Design Worldwide are designing their space. Work is expected to begin imminently, and the renovation is expected to be complete in 2019. It was recently reported that Speyer would be utilizing the EB-5 program to raise roughly $60 million in financing.


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