And that's not even counting the many units dreamed of for Hunters Point South. In fact, the 2,100 new apartments are just the ones that are part of TF Cornerstone's East Coast project, rendered above and profiled in this weekend's Times. There's 46-15 Center Boulevard, which broke ground in August and will have 367 rental units when it's done in 2012. There's a 345-unit rental building at 45-40 Center Boulevard, which broke ground in December. And in March, TF Cornerstone will start work on 45-45 Center Boulevard, which will have 806 units. The middle child, size-wise, will be added to the group by 2013, with 586 apartments, also all rentals.
TF Cornerstone execs are confident they can rent all these units out, and AvalonBay Communities, the owner of the newish Avalon Riverview and Avalon Riverview North rental towers nearby, says it hasn't had to reduce rents due to the economy. Which means we can probably expect apartments at the new East Coast towers to start around $2,000/month.
Meanwhile, The Real Deal reveals another new Long Island City project, this one for sale rather than rent. Please welcome The Yard, at 2-26 50th Avenue, the second phase of the Powerhouse Condominium. General sales will start later this month or in March (friends and family sales began in December), with prices between $650 and $750/square foot. The building's got some quirky features: a huge moss-covered wall in the lobby and a life-sized chessboard on the roof deck. Is that where developers duke it out for LIC domination?
· Developer Aims High in Long Island City [NYT]
· LIC project "The Yard" ready to launch, with life-size chessboard and wall of moss [Real Deal]