NEW YORK CITY—Developer Tishman Speyer reports that construction on the three residential towers that will make up its Jackson Park multifamily high-rise development in Long Island City has topped out.
The firm plans to launch leasing this fall on the project that will in total deliver more than 1,800 apartments and 120,000 square feet of indoor and outdoor amenities located across the street from Tishman's JACX commercial office development that is also currently under construction. The JACX project will feature more than 1.2 million square feet of commercial office space in two 26-story towers.
Initial move-ins at the first residential tower building are expected to begin by the end of this year.
The Jackson Park project, located along Queens Plaza South and Jackson Avenue in Queens, takes up an entire city block and will when completed house three high-rise towers of 42, 44 and 53 stories. Designed by Mack Scogin Merrill Elam Architects and Hill West Architects (formerly Goldstein, Hill and West), Jackson Park will feature a variety of apartment types and floor plans. The development will also feature a 1.6-acre park, a standalone five-story, 45,000-square-foot amenity clubhouse with below grade connections to each of the three residential towers.
“In keeping with our tradition of creating sophisticated living and dynamic work environments in the world's top markets, Jackson Park is destined to become Long Island City's most desirable address,” states Rob Speyer, CEO of Tishman Speyer. “Tishman Speyer is a pioneer in Long Island City, which has established itself as New York's most dynamic and sought-after neighborhood. We are excited to deliver a truly 24/7 community where New Yorkers can live, work and play, complete with best-in-class amenities and convenient access to everything New York has to offer.”
Tishman's JACX project is more than 70% pre-leased. Among its tenants include WeWork, which plans to open a 250,000-square-foot location. Jackson Park and the JACX will be Long Island City's largest mixed-use development and once completed, will feature over 55,000 square feet of retail space including a gourmet market, food hall, coffee shop, restaurants and boutique fitness offerings.
In addition to its work in Long Island City, Tishman Speyer recently began construction on the Wheeler, a creative office development in Downtown Brooklyn.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
