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  #1  
Old Posted Jan 29, 2013, 4:48 PM
sbarn sbarn is offline
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Smile NEW YORK | 43-25 Hunter Street | 509 FT | 50 FLOORS

Permits filed for 43-25 Hunter Street in Long Island City (tower on left). According to the DOB, it will be a 509 foot, 50 story residential tower. This is the same site that Rockrose proposed that office tower "10 Court Square" years ago.

     
     
  #2  
Old Posted Jan 29, 2013, 4:58 PM
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Thumbs up

Another welcome and significant heightwise addition to the Long Island City skyline. Keep them coming!
     
     
  #3  
Old Posted Jan 29, 2013, 9:05 PM
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I'm really loving this development in Long Island City, right up there with the development of Downtown Brooklyn.
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  #4  
Old Posted Jan 29, 2013, 9:13 PM
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Dwelling Units: 974
wow
     
     
  #5  
Old Posted Jan 29, 2013, 9:32 PM
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This'll be one fat tower then. Like the Brooklyner?
     
     
  #6  
Old Posted Jan 29, 2013, 9:46 PM
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weird knowing that thousands of people could live in one tower. especially being from a rural town were the entire population could live in that thing...
     
     
  #7  
Old Posted Jan 29, 2013, 10:16 PM
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Whoa. Awesome to see LIC developing a nice cluster along with NYGuys other threads for LIC, and I'm happy to see 1 Court Square finally getting a little bit more company in the immediate vicinity. BK, and LIC are turning into serious little clusters.
     
     
  #8  
Old Posted Jan 29, 2013, 11:07 PM
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They just have to get rid of that blank wall somehow! There's no bigger architectural turn off than a blank imposing concrete wall in the middle of a new cluster of buildings. The building that will cover it up can not come soon enough..
     
     
  #9  
Old Posted Jan 30, 2013, 1:26 AM
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Crains NY also had an article today about three bulky 40+ floor towers being built a few blocks to the north. And Rockrose owns two more sites adjacent to this 50 floor tower.

I think Long Island City may be the most changed neighborhood in NYC in a couple of years.
     
     
  #10  
Old Posted Feb 17, 2013, 1:50 PM
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http://www.nydailynews.com/new-york/...icle-1.1266244

Court Square in Queens has become a hot market for residential development
What is now a commercial zone is expected to see more than 3,000 homes built in the next several years






By Jason Sheftell
February 16, 2013

Quote:
A real estate explosion in Court Square has catapulted this once sleepy commercial and manufacturing zone into one of New York City’s fastest growing neighborhoods.

Over 3,500 residential units are expected in the Queens enclave over the next five years with housing prices up almost 30% in the last three years. The area has an emerging food scene along with a strong local arts movement.

“It’s definitely become the new ‘it’ neighborhood for Queens,” said Eric Benaim, who lives in the neighborhood and founded Modern Spaces, a real estate agency with roots in the borough. “Artists and families know they get more for their dollar than Brooklyn and Manhattan. It’s still gritty and cool with great value.”

Less than 12 minutes by train to midtown and Williamsburg, the streets of Court Square are full day and night with people coming and going, and staying.

New York-based Rockrose Development invested almost $1 billion in Court Square with four projects in construction and development. The 700-plus unit rental building Linc LIC comes first. It has a snazzy 30th floor tenant lounge and roof deck with skyline views. A 15,000-square-foot supermarket is expected with plans for first-class music venue.

“This could become one of the great New York City entertainment hubs,” said Rockrose president Justin Elghanayan, who said the Linc will be ready for move-ins by this summer. “The neighborhood has it all – easy transportation to Manhattan, great culture, and room to grow.”

“It’s been one more epic happening after another for Court Square,” said Dan Miner, senior vice president for the Long Island City Partnership, a group devoted to growing the area. “JetBlue’s coming – boom. CUNY Law School – boom. The food scene – boom. Most neighborhoods would just need one of these things.”

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  #11  
Old Posted Feb 28, 2013, 5:51 PM
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Last edited by NYguy; Feb 28, 2013 at 6:16 PM.
     
     
  #12  
Old Posted Mar 12, 2013, 7:57 PM
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http://commercialobserver.com/2013/0...s-renaissance/

Long Island City’s Renaissance







Rockrose’s Linc LIC in Court Square



March 12, 2013
By Al Barbarino

Quote:
The neighborhood’s dramatic makeover from an industrial wasteland to a residential destination and viable alternative to Manhattan was paved by a 2001 residential rezoning that led a few pioneers, including real estate developer Rockrose, to prop up multiple residential towers along Long Island City’s waterfront, which until then had been a largely untapped market.

But the “cat is out of the bag,” developers said, and now residential development has pushed in from the waterfront, toward the Court Square, Queens Plaza and surrounding areas, where several new residential towers are in the works.
Retail and commercial development makes a valiant effort to keep pace, with a number of cultural institutions creating a home base for artists and an office population held together by neighborhood staples like Citigroup and JetBlue keeping businesses afloat, as young people and families priced out of Manhattan give the neighborhood a closer look.

“The transformation that folks were speculating about 20 years ago has tangibly taken hold, making Long Island City a dynamic and exciting neighborhood which is as close to being an adjunct of Manhattan as possible,” said Massey Knakal Chairman Bob Knakal, who has sold dozens of properties and residential development sites in the area.

In 2009, Rockrose, owned by members of the Elghanayan family, split into two entities (Rockrose and TF Cornerstone), with TF Cornerstone retaining most of the waterfront properties and Rockrose focusing in the Court Square area. Both continue to build aggressively in their respective camps, with a number of other developers and businesses following suit. TF Cornerstone owns five residential buildings along Center Boulevard (including one condo building, The View), the street that winds along the waterfront. When two more buildings in the pipeline hit the market, it will bring the number of units the firm owns along its “East Coast” waterfront community to 3,500, said the firm’s chairman, Tom Elghanayan. “The idea is that this is not West Queens—it’s the East Coast of Manhattan,” Mr. Elghanayan said. “We appeal to the same market as the high-end clientele of Manhattan.”

Rockrose’s Linc LIC, a 790-unit residential building, will boast panoramic Manhattan views, a long list of upscale amenities and a 15,000-square-foot supermarket, with rents ranging from $1,900 for a studio to $3,400 for a two-bedroom.

Rockrose also is building a 950-unit residential building at 43-25 Hunter Street; Eagle Loft, a warehouse-to-residential conversion; and retrofitting a number of retail spaces located within a stone’s throw of one another in Court Square, an area where the 50-story Citigroup tower at One Court Square once stuck out like a sore thumb, amid low-lying warehouses and car repair shops. But, beneath the surface, a melting pot of artists and creative types has worked together in the neighborhood for many years.

Tishman Speyer also owns a site in Court Square slated for a 3.5-million-square-foot project, the first phase of which was the building at 2 Gotham Center, which was sold to Canadian REIT H&R in 2011 for $415.5 million and later leased to the city’s health department.
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  #13  
Old Posted Mar 12, 2013, 11:30 PM
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The views from that rooftop lounge will be some of the best in the NYC area.
     
     
  #14  
Old Posted Mar 13, 2013, 2:00 AM
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1000 units? these are huge buildings..I could easily see 100 highrises being built in this area. A heck of a lot easier than Manhattan to develop.
     
     
  #15  
Old Posted May 21, 2013, 11:32 PM
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http://commercialobserver.com/2013/0...tial-building/

Rockrose Building Queens’ Tallest Residential Building





May 21, 2013
By Al Barbarino


Quote:
Rockrose Development Corp. is in the process of demolishing seven dilapidated Long Island City warehouses to pave the way for the construction of what will become the tallest residential building in Queens, The Commercial Observer has learned.

The 50-story, 907,000-square-foot, 500-foot-tall building at 43-25 Hunter Street will not only be the tallest, but it will also feature 975 units – more units than any other residential building in Queens, the firm said.

“That means a lot of apartments with a lot of very amazing views of the city,” said Justin Elghanayan, who runs the company with his father, Henry. “Court Square is zoned very high, but all the areas around it are very low.”

Rockrose will open up bidding to find a subcontractor in the coming weeks, with construction of the property slated to begin in the fourth quarter and completion of the estimated $400 million project scheduled for sometime in 2016.

The property is situated in the Court Square area of Long Island City, where the 50-story Citigroup tower at One Court Square once stuck out like a sore thumb. But Rockrose has led the way in the methodical transformation of the area’s residential and retail landscape and Mr. Elghanayan believes his new tower will sit well alongside Citigroup’s.

“I always looked at the Citigroup tower and it looked so lonely. I said, ‘Citigroup needs a girlfriend.’ So in my mind, this building is its girlfriend,” he said.

“You know when you have a couple and one person kind of softens the other person? I’m hoping that this building will have the same effect architecturally on the Citigroup tower because right now it’s so monolithic and lonely on the skyline.”


The buildings being demolished to make way for the new tower, which will sit on a 47,800-square-foot lot, include 25-25 44th Drive; 43-25, 43-15, 43-11 and 43-09 on Hunter Street; and 27-02 and 27-06 on 43rd Avenue.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
     
     
  #16  
Old Posted May 22, 2013, 10:50 PM
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Originally Posted by NYguy View Post
“I always looked at the Citigroup tower and it looked so lonely. I said, ‘Citigroup needs a girlfriend.’ So in my mind, this building is its girlfriend,” he said.

“You know when you have a couple and one person kind of softens the other person? I’m hoping that this building will have the same effect architecturally on the Citigroup tower because right now it’s so monolithic and lonely on the skyline.”
Funny, I always thought the same thing. Finally it will have a "buildfriend."
     
     
  #17  
Old Posted May 22, 2013, 11:02 PM
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Originally Posted by reencharles View Post
Funny, I always thought the same thing. Finally it will have a "buildfriend."
Ditto! Great to see Queens' Citygroup getting some friends.
     
     
  #18  
Old Posted May 23, 2013, 1:38 AM
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I'd love to see the Court Square area get a little skyline cluster. This building is certainly a good start. Looking forward to it getting going!
     
     
  #19  
Old Posted May 23, 2013, 1:48 AM
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Besides gaining height, that area needs more street life. It is currently so sterile.
     
     
  #20  
Old Posted May 23, 2013, 2:15 PM
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^ More people moving in will help activate it.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
     
     
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