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  #1  
Old Posted Jun 16, 2014, 6:46 PM
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Smile NEW YORK | Tishman LIC Towers | 590 + 504 + 374 FT | 53 + 44 + 33 FLOORS

http://www.capitalnewyork.com/articl...ic-development

Tishman, investment partner plan huge L.I.C. development


By Ryan Hutchins
Jun. 16, 2014


Quote:
Tishman Speyer will pursue plans for a massive mixed-use project in Long Island City after acquiring a parcel that could accommodate 1.2 million square feet of space, the developer and its investment partner said on Monday.

Tishman and H&R Real Estate Investment Trust, which has taken a 50 percent stake, said zoning for the site—located adjacent to 2 Gotham Center—would allow for 1,600 rental units and about 30,000 square feet of retail space. The project would include views of the East River and the Manhattan skyline.

The development would be built in three phases, starting with a 42-story tower with 700 apartments. Construction could begin in 2015, with a move-in date sometime in 2017.

Long Island City, with its one-stop commute to Manhattan, has been experiencing a development boom in recent years. It has struggled, through, to attract developers willing to build new Class A office buildings and instead watched as more and more residential units—and hotel rooms—have piled up.

The neighborhood is hosting a conference on Tuesday entitled “LIC Summit” that will include remarks by Alicia Glen, the city’s deputy mayor for housing and economic development.

Tishman is not new to the neighborhood. It built 2 Gotham Center, a 670,000-square-foot office tower, which is now fully leased. H&R has also shown an interest—it bought that same building following its 2011 completion.

H&R chief executive Tom Hofstedter said in a statement that the move helps diversify the company and expand its foothold in New York.
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  #2  
Old Posted Jun 17, 2014, 3:15 AM
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http://www.crainsnewyork.com/article...c-costing-875m

Three towers to rise in LIC, costing $875M
Tishman Speyer and a Toronto public real estate company H&R Real Estate Investment Trust team up to buy a site where they will erect
a 1.2 million-square-foot apartment complex with 1,600 units.



Daniel Geiger
June 16, 2014


Quote:
The New York City based developer Tishman Speyer and the Toronto public real estate company H&R Real Estate Investment Trust announced they have purchased a large
development site in Long Island City in Queens.

The site—the block along Jackson Avenue, between Queens Boulevard and Orchard Street—is across the street from an office development called Gotham Center, which was developed
in recent years by Tishman Speyer and acquired in 2011 by H&R REIT.

H&R REIT announced it would pay $55.6 million for a 50% stake in the land, which it is acquiring from a partnership that includes the Modell family, owners of the sporting goods chain
of the same name. Tishman Speyer is paying an undisclosed sum for its half of the parcel. Tishman Speyer had been one of the Modell family's partners in the site and may have been able
to convert that stake into some or all of its ownership in the new venture with H&R REIT.

The partnership between Tishman Speyer and H&R REIT said it plans to invest a total of $875 million—including the land cost—to build three residential towers on the site,
a total of 1.2 million square feet of new development holding 1,600 rental apartments and 30,000 square feet of ground floor retail space.

The partnership will begin by building a 42-story tower with 700 apartments in 2015, with a planned completion of that initial project in 2017.


This area is already booming with various developments on the boards...



























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  #3  
Old Posted Jun 17, 2014, 4:50 AM
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Hopefully the inclusionary housing bonus could bump up the square feet to 1.5 million.
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Old Posted Jun 17, 2014, 7:01 AM
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The transformation of Court Square over the next five years is going to be nothing short of incredible. It is going to evolve from a disjointed high-rise cluster into one of the largest Downtown skylines in the United States, potentially surpassing DoBro and possibly challenging Jersey City.

The sum of new construction will push it to a scale that compares to the Downtowns of many large American cities. Insane, considering what it looks like today!

Heatherwood & Rockrose will lead the push with both developers building towers of ~600', but the 'other' infill -- probably a dozen 40-story buildings at this point? -- will be key to enhancing pedestrian vitality, and really creating a livable/walkable & legitimately *desirable* neighborhood.
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Old Posted Jun 17, 2014, 9:03 PM
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Here's a handy update from curbed that leaves some things out, but gives an idea...the link provides more details.


http://ny.curbed.com/archives/2014/0...sfp=3335556299


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Old Posted Jun 17, 2014, 9:14 PM
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Quote:
Originally Posted by babybackribs2314 View Post
The transformation of Court Square over the next five years is going to be nothing short of incredible. It is going to evolve from a disjointed high-rise cluster into one of the largest Downtown skylines in the United States, potentially surpassing DoBro and possibly challenging Jersey City.
I like this comment because it really gets you thinking. The suspense is crazy. NYC has so many clusters that rival many other cities. JC, DoBro, Lower, the madness that is Midtown, Flushing (Also has many developments in the pipeline), and hopefully Newark will become a high rise boom town in the future. Now LIC. The idea that LIC might eclipse DoBro is exciting. I'm probably missing others in my list, but you get the point. The Bronx too will be interesting. Keep an eye on the South Bronx. Its up and coming development wise. Harlem too.
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Old Posted Nov 12, 2014, 3:54 AM
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Smile NEW YORK | 28-10 - 28-34 Jackson Ave | 590 + 504 + 374 FT | 53 + 44 + 33 FLOORS

Note: IDK if we have a thread for this or if its under a different name, but its a pretty large project. If we do, feel free to merge it with the corresponding thread if there is one up. Also, the name corresponds to the addresses in which these towers will be built on.


================================

Permits Filed: 1,789-Unit, Three-Tower Tishman Speyer Project in Long Island City



Quote:
Now, permits have been filed for the mega-development, and it’s gotten a bit bigger: 1,789 apartments will now be included across the complex, which takes up two blocks bounded by Jackson Avenue, Orchard Street, Sunnyside Yards, and Queens Boulevard.

The tallest of the towers will be 28-34 Jackson Avenue, which will rise 53 stories and 590 feet, and hold 658 apartments over 495,000 square feet of residential space, plus a nearly 6,000-square foot retail space.
After that comes 28-10 Jackson Avenue, on the same block. That tower will have a whopping 683 rental units spread over 518,000 square feet of residential space, plus more than 3,000 square feet of retail space, and will reach 44 stories and 504 feet.

Finally, the shortest of the trio is 30-02 Queens Boulevard, at just 33 stories and 374 feet. It will fit 448 apartments in 365,000 square feet of residential space, plus nearly 6,500 square feet of retail at its base.

The three-tower project will cost $875 million to build, including the cost of land, according to Crain’s. They reported that a 42-story tower would be the first to rise, in 2015, and be completed by 2017 – presumably referring to 28-34 Jackson Avenue, which is marked on the permit application as having 44 stories.
==================================
http://www.yimbynews.com/2014/11/per...land-city.html
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  #8  
Old Posted Nov 12, 2014, 4:48 AM
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Good timing.
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  #9  
Old Posted Nov 12, 2014, 2:20 PM
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http://therealdeal.com/blog/2014/11/...t-lic-project/

Tishman, H&R file permits for 1,789-unit LIC project
$875M development to hold rentals in three towers






November 11, 2014

Quote:
Tishman Speyer and Toronto-based partner H&R Real Estate Investment Trust filed plans today for a 1,789-unit rental project in Long Island City. The three towers would rise at 28-34 Jackson Avenue, 28-10 Jackson Avenue and 30-02 Queens Boulevard.

The 53-story, 501,000-square-foot building at 28-34 Jackson would hold 658 apartments and a ground-floor retail space.

The other properties will be a 44-story, 521,000-square-foot tower with 683 rentals on Jackson Avenue and a 33-story, 365,000-square-foot tower with 448 rentals.

http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01

http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01

http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01
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Old Posted Nov 12, 2014, 3:53 PM
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The 594 feet in the title is wrong.

Also that YIMBY article has an error. It referred to 28-34 Jackson as a 53 story tower but later says it has 44 stories.
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Old Posted Nov 12, 2014, 3:59 PM
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Quote:
Originally Posted by antinimby View Post
The 594 feet in the title is wrong.

Also that YIMBY article has an error. It referred to 28-34 Jackson as a 53 story tower but later says it has 44 stories.
I think they were referring to the Crain's article which stated that in June for 28-34 Jackson. The complex as a whole did get bigger overall. Could be that they were referring to older permits filed in the beginning of the summer.

Although the title should be: NEW YORK | Tishman LIC development | 590 + 504 + 374 FT | 53 + 44 + 33 FLOORS

Quote:
28-34 Jackson Avenue (aka 42-33 Orchard Street)
Stories: 53
Height: 590 feet
Units: 658
Square footage: 501,049, with 5,846 square feet for commercial
Other details: A cellar level with a laundry room, 349 bike parking spaces, and 120 vehicle parking spaces, which appear to be valet, as there is a "valet parking office" on the first floor. Amenities include an outdoor deck, lap pool, spa, fitness center, a basketball court, and a rooftop terrace

28-10 Jackson Avenue (on the same lot as the above building)
Stories: 44
Height: 504 feet
Units: 683
Square footage: 521,390, with 3,333 square feet for commercial
Other details: Seems like this building shares the amenity space with the above building.

30-02 Queens Boulevard
Stories: 33
Height: 374 feet
Units: 448
===============================
November 12, 2014
http://ny.curbed.com/archives/2014/1...o_lic.php#more
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  #12  
Old Posted Nov 12, 2014, 5:49 PM
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This article is from September but it has some spicy details about the abandoned buildings
Quote:
"I'm drawn to the dark stuff," said Frank, who had visited this floor before. Throughout the building, "there were bones. Bones all over the place. Some of them were very questionable."
Plus, plenty of photos from inside the buildings if you want to take a look!

http://ny.curbed.com/archives/2014/0...al_complex.php
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  #13  
Old Posted Nov 13, 2014, 12:49 AM
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^Thought this would be a good excuse to plug the site of a friend of mine
http://ltvsquad.com/2013/12/15/c-n-w...r-marketplace/
EDIT: fixed the link

Last edited by shadowbat2; Nov 13, 2014 at 1:30 AM.
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Old Posted Nov 13, 2014, 6:24 AM
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Someone's pinky didn't reach far enough out.
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Old Posted Feb 20, 2015, 1:53 AM
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Partial approval last week (south tower) as the massing shows in filings...











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Old Posted Feb 20, 2015, 1:57 AM
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Finally Citi gets some company
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Old Posted Feb 20, 2015, 2:13 AM
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Quote:
Originally Posted by Zapatan View Post
Finally Citi gets some company
It's getting a lot of company. There are various developments underway that will begin to show their heads before long.

A sample of what's in store for the area from the Jackson thread...










A more specific idea of where the Tishman complex will rise...






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  #18  
Old Posted Feb 20, 2015, 3:17 AM
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Old Posted Feb 20, 2015, 10:03 PM
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I puts some numbers of some (not all) of the nearby developments that are in various stages of construction...it's like someone planted an instant skyline garden.

Heights shown by DOB permits...






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Old Posted Feb 20, 2015, 11:17 PM
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What is the reason for that barren empty space near the gotham tower?
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