TF Cornerstone last week marked the completion of 52-41 and 52-03 Center Boulevard, which add 1,194 residential units to the Long Island City waterfront at Hunter’s Point South.
Sixty percent of the units will be permanently affordable, Additionally, 100 apartments will be set aside for low-income seniors, and half of the permanently affordable units will be set aside people living within the local community board district.
Vicki Been, deputy mayor for Housing and Economic Development, said the project includes a significant investment to revitalize the Queens waterfront.
“Housing alone is not enough,” said Been. “Housing investments have to contribute to better neighborhoods with critical amenities like parks, schools, spaces for cultures to thrive, libraries and so much more. They have to provide jobs and career development programs and ways for local residents to build wealth and thrive.
“They have to contribute to the solution of climate change, they have to be resilient, foster integration and dismantle segregation by race and income,” she added.
The School Construction Authority is working to build a 572-seat K-8 school just east of TF Cornerstone’s latest development. The school will include a large playground.
A 7,900-square-foot community center will be operated by Sunnyside Community Services. Social services and programming will be provided to residents of both towers.
“This ribbon cutting signifies the latest milestone in TF Cornerstone’s prolonged investment in the Long Island City waterfront,“ said Zoe Elghanayan, principal and senior vice president at TF Cornerstone. “It’s an honor to be a part of the neighborhood’s continued expansion and rejuvenation.”