NEW YORK CITY-After splitting away from his longtime roots at Rockrose Development Corp., Forest Hills, NY-native K. Thomas Elghanayan has spent the last two years building up TF Cornerstone as chairman and co-founder. In partnership with brother Frederick Elghanayan, the duo is actively involved in the acquisition and development of multifamily, office and retail projects in Manhattan and Queens. Elghanayan caught up with GlobeSt.com and shared his thoughts on what he believes the next big thing in New York real estate will be.

GlobeSt.com: What deals does TF Cornerstone currently have in the pipeline?

Elghanayan: Mostly we are building out our master plan in Long Island City called the “East Coast.” When you look over there by the Pepsi sign, you’ll see that we’ve topped out on two more buildings. One is 367 units at 46-15 Center Blvd. and the other one is 345 units at 45-40 Center Blvd. We also broke ground on a third building there across the street at 45-45 Center Blvd. It’s a large building of 820 units with a 1,000-car parking garage. On top of that, we have a big amenity package here, like tennis courts, a swimming pool, a volleyball court, barbeques and that’s going to serve as our whole East Coast development.