TF Cornerstone celebrated the opening of the company’s final building on the LIC waterfront, 4610 Center Boulevard, last week.
Along with Long Island City (LIC) stakeholders and local residents, executives from the firm gathered on the lawn of the tower to mark over ten years that TF Cornerstone has been pioneering the LIC waterfront, with over 2.6 million square feet of new space completed, including 2,800 rental units, 184 condominiums, 35,000 s/f of retail space, and acres of parkland and open space.
The transformation of the Long Island City waterfront began in 2003, when TF Cornerstone finalized its purchase of PepsiCo’s waterfront property.
Since then, the formerly desolate manufacturing site has evolved into a $1.4 billion residential urban oasis.
“When TF Cornerstone purchased this property in Long Island City more than ten years ago, our vision for the neighborhood went beyond just developing beautiful buildings behind the Pepsi sign,” said Jon McMillan, director of planning of TF Cornerstone.
“We sought to create an entirely new waterfront community for our residents, equipped with public parks, restaurants, playgrounds, child care facilities and schools.
It’s incredibly rewarding to be able to take the 7 train to Long Island City today and see that the area has become all that we envisioned and more.”
“This completion of the Queens West portion of the waterfront marks 10 years of investment for TF Cornerstone and 30 years of planning for LIC. Along with the buildings and new residents have come schools, playgrounds and a magnificent waterfront park, making LIC one of the most desirable places to live in the metropolitan area,” said Elizabeth Lusskin, president of the Long Island City Partnership.
Center Boulevard’s newest addition, 4610 Center Boulevard, is a modern, 26-story tower curving around LIC’s famous Pepsi-Cola sign.
Designed by iarchitecture firm Arquitectonica, the tower’s 584 units include studios, one-, two-, and three-bedroom apartments.
TF Cornerstone has developed six additional buildings along the waterfront, including 4720 Center Boulevard, The View Condominium (4630 Center Boulevard), 4615 Center Boulevard, 4540 Center Boulevard, 4545 Center Boulevard and 4705 Center Boulevard.
Amenities throughout the complex include a 50,000 s/f amenity deck with a real sand beach volleyball court, two tennis courts, a reflecting pool, lawn, putting green and sun deck with BBQ grills, lounge chairs and benches.
There are also indoor/outdoor children’s play areas, an on-site dog run, state-of-the-art fitness centers, resident lounges, indoor parking garage and 24-hour concierge and valet.
TF Cornerstone, a family-owned firm, will now likely focus on Hunter’s Point where it has been tapped by the city to built the second phase of its new development. The developer will work with the non-profit for seniors, Selfhelp, to build two high-rises with 1,193 apartments as part of a multi-phase project that will take 20 years to complete.