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TF Cornerstone opens first lottery for Hunters Point South

TF Cornerstone has listed the first of its new apartments at Hunters Point South on the city’s affordable housing portal NYC Housing Connect.

Leasing for the 185 affordable units in the South tower at 5241 Center Boulevard in long Island City began yesterday (Thursday) via NYC Housing Connect.

 Leasing for the remaining 209 market rate units is expected to begin towards the end of this year.

Leasing for the 534 affordable and 266 market rate units in the sibling North tower, located at 5203 Center Boulevard, is expected to commence in the summer of 2021.

TF Cornerstone’s development in Hunter’s Point South will bring 1,194 new residential units across two sibling buildings, with a mix of studios, one, and two-bedroom apartments. Sixty percent (will be permanently affordable to low, moderate, and middle-income residents, with 100 apartments set aside for low-income seniors. Half of the affordable units are set aside for the local community within Queens Community Board 2.

Hunter’s Point South is a master-planned, mixed-use and mixed-income community, park, school and playground, situated along the East River in Long Island City, Queens.

Zoe Elghanayan, Principal and Vice President at TF Cornerstone, “As the first of few new buildings to commence leasing in the wake of a global pandemic, 5241 and 5203 Center Blvd are much needed sanctuaries, providing new affordable housing, vast amounts of open space, light and air in all directions, dedicated community spaces, and the security of being part of a TF Cornerstone community.”

Residents will have access to amenities in both buildings, including expansive outdoor spaces, BBQ grills, club room and lounge, children’s playroom, fitness center, yoga room, laundry facilities, and HomeWork, TF Cornerstone’s signature resident-exclusive co-working space.

The towers were designed by ODA, with SLCE as the architect of record. The project will be anchored by a 22,000 s/f park designed by Matthews Nielsen Landscape Architects (MNLA) featuring a central mature oak tree that should grow for hundreds of years in the enormous green space nestled between the pair of towers.

The project will also include a 7,700-square-foot community facility with a separate lobby and lift to the second floor of 5241 Center Blvd, and more than 8,900 square feet of street-front local retail space.

The North tower will have solar panels on the roof, and also includes a 150-car parking garage and a community facility run by Selfhelp Community Services. HPD worked with the School of Construction Authority to build a 572-seat K-8 school with a large at-grade playground, which is currently under construction.

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