TF Cornerstone selected to develop Phase II of Hunters Point South

TF Cornerstone, a real estate developer that has built several residential buildings along the Long Island City waterfront, has been selected to build the second phase of the city’s Hunter’s Point South project.

TF Cornerstone is part of a team with Selfhelp Community Services that will develop a total of 1,193 new apartments in two high-rise buildings at the Long Island City site, the NYC Department of Housing Preservation and Development (HPD) said Friday.

Of those units, which will be a mix of with studio, one- , two- ,and three-bedroom, 796 apartments will be affordable, with 100 reserved for low-income senior citizens, according to HPD.

“When TF Cornerstone broke ground on our LIC Waterfront project more than ten years ago, we envisioned the creation of a multi-faceted, family-friendly community with diverse retail options, top-of-the-line schools and expansive park space. [This] designation by HPD enables us to continue our pursuit of these goals in what is now an already-thriving LIC waterfront, while creating greatly needed affordable housing,” said K. Thomas Elghanayan, chairman and co-founder of TF Cornerstone.

The buildings will feature a fitness facility, rooftop gardens and decks, children’s playroom, an on-site senior recreational center and other amenities, said the HPD.

There are also preliminary plans for a pre-kindergarten, a medical facility, a rock climbing gym, and new restaurants at the site’s 20,000-gross-square-feet of commercial space. It also has 10,000-gross-square-feet of new community space that will be “programmed with local arts-based community groups.” Additionally, the site design incorporates numerous community green spaces, according to HPD.

Their design “enhances the Queens skyline” with “stepped terraces that echo the Art Deco skyscrapers of Manhattan.”

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