Rob Speyer announced today that Tishman Speyer is moving ahead with construction of its 1.1 million square foot office and retail project in Long Island City. Construction of the new project, which includes two 27-story towers designed by Raul De Armas of MdeAS Architects, will begin in early 2017 with completion anticipated in 2019.
The towers will be connected by a four-story podium and will include a mix of retail, complemented by a food hall, restaurant and parking garage — providing numerous amenities to local workers and residents in the vibrant mixed-use neighborhood.
“Thanks to the City of New York’s investment in the area’s infrastructure, enlightened policy decisions and the active support of the New York City Economic Development Corporation, the local community and its elected officials, Long Island City has become a model for 21st Century urban development,” Speyer said.
“Tishman Speyer is proud to continue our role in unlocking the area’s full potential as one of the most dynamic, live-work-play neighborhoods, not just in Queens but in all of New York City.”
Tishman Speyer is now the largest developer of both commercial and residential space in Long Island City, being responsible for 3.5 million square feet of development in Long Island City since 2003.