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LIC's Citi Tower Getting a New Friend

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The Port Authority may be looking to get rid of Freedom because of slow leasing, but Steve Cuozzo unleashes has second fascinating item of the day with a report that a Skidmore Owings & Merrill-designed office tower will be going up next to the Citibank Tower in Long Island City. (Click on the image to expand it a little.) Rockrose, which has been putting the site together since 1988, will be developing it. Citi's friend, which would be called 10 Court Squre, will clock in with 800,000 square feet, and a Rockrose VP says the site "begs to be done" as an office building. Will a big new LIC office tower fly? Well, Rockrose needs an anchor tenant that will take half the building before it builds, so the big Citi Tower could remain lonely for a while. Rockrose is putting up a 42-story residential tower nearby.
· Citi Tower Will Get Neighbor [NYP]