TF Cornerstone officially opens Hunters Point South towers

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TF Cornerstone help a ribbon cutting to mark the completion
of its two new apartment towers at Hunters Point South in Long Island City.

The event was held in the new park between the two finished
buildings at 5241 & 5203 Center Blvd, which are made up of 1,194 new
residential units, including 719 permanently affordable homes.

Part of the master-planned, mixed-use and mixed-income
community, park, school, and playground, situated along the East River, the
ribbon cutting also marked the launch of leasing for 266 market-rate apartments
at 5203 Center Blvd.

“This ribbon cutting signifies the latest milestone in TF
Cornerstone’s prolonged investment in the Long Island City waterfront. It’s an
honor to be a part of the neighborhood’s continued expansion and rejuvenation,”
said Zoe Elghanayan, Principal and Senior Vice President at TF Cornerstone.

Sixty percent of the 1,194 new apartments are permanently
affordable to low, moderate, and middle-income residents, with 100 apartments
set aside for low-income seniors and half of the 719 affordable units set aside
for the local community within Queens Community Board 2.

Designed by international architects ODA, with SLCE as the
architect of record, the twin buildings at 5203 and 5241 Center Blvd share over
8,900 s/f of street-front retail space, where tenants are already moving in,
and a 150-car parking garage.

The developments are anchored by a brand new 22,000 s/f park designed by Mathews Nielsen Landscape Architects (MNLA).

5203 and 5241 Center Blvd

Hunter’s Point South Park is part of the Hunter’s Point South master planned mixed-use development and provides public access to the Queens coastline. The 11-acre park stretches along the East River south of Gantry Plaza State Park and sits right outside 5241 Center Blvd and 5203 Center Blvd. It includes pedestrian bridges and bike pathways, a kayak launch, exercise and picnic terraces, an observation platform with views of the Manhattan skyline and East River, new playgrounds, dog runs, volleyball and basketball courts, the Queens Public Library at Hunter’s Point and a growing collection of public art installations.

The project also includes an office for Selfhelp Community
Services, a health and human service organization. Selfhelp will provide
on-site services for older adults living in the 100 units specifically set
aside for senior households at 5203 Center Blvd.

5241 Center Blvd will also host a 7,700 s/f community
center, which will be occupied by Sunnyside Community Services. The
Queens-based nonprofit organization will provide residents across both towers
with comprehensive social services and programming.

The New York City Housing Preservation and Development (HPD)
is working with the School Construction Authority to build a 572-seat K-8
school, which will include a large at-grade playground. The school will be
located just east of TF Cornerstone’s development.

At the ribbon cutting to celebrate the newest phase at the
development site of Hunter’s Point South, Elghanyan was joined by Deputy Mayor
Vicki Been, Council Member Jimmy Van Bramer, Assemblywoman Catherine Nolan,
HPD, HDC, Sunnyside Community Services and Selfhelp.

“Access to safe, high quality affordable housing is critical
to New York City’s Recovery,” said Been. “These developments provide 1,194
units of housing across two towers, 60% of which are permanently affordable,
including 100 units for our seniors. This project includes a significant
investment in revitalizing Long Island City’s waterfront with a park,
accessible open space, and a dedicated community facility. Thank you to all of
those who worked together to help make this neighborhood even more wonderful.”

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