(Long Island City) — Tishman Speyer’s Jackson Park, a mega-rental trio apartment building development in Long Island City, has just announced that leasing is expected to begin this fall and that move-ins for the first residential tower will occur by the end of the year.
The much-anticipated high-rise luxury towers will have an astonishing 1,800 apartments and equally astonishing 120,000-square-feet of indoor and outdoor amenities.
SOARING HI-RISES COVER A WHOLE BLOCK
Jackson Park is so massive that it occupies a full block, and the units will be configured in different floor plans so that renters have a choice in the layout. At this point, the trio of Jackson Park’s towers in the Queens Plaza section of Long Island City each top out at 42, 44, and 53 stories high.
LIC NOW DESIRABLE PLACE TO LIVE
Tishman Speyer is betting on Jackson Park being filled to capacity by rental owners, and that the addition of the complex will only serve to increase gentrification of the neighborhood.
Rob Speyer, CEO and owner of Tishman Speyer, recently said, “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.”
The area used to be gritty, but is now sought-after as apartment renters are looking outside Manhattan for more affordable units. That means Queens, and the stats, provided by Curbed New York, reveal the uptick. In 2005, the number of high-earning renters has gone from 8,500 in 2005 to 29,500 in 2015.
Jackson Park is just one of the thousand planned new apartments being built in Long Island City, making it a neighborhood that now outpaces the rest of the United States in terms of new apartment construction, according to a new study conducted by RENTCafe.
THE MANY AMENITIES
Located near the Ed Koch Queensboro Bridge, all 3 of the glass towers go beyond many of the high-end amenities found in Manhattan’s most exclusive buildings. The high rises will each share a standalone five-story, 45,000-square-foot amenity clubhouse that will include many indoor and outdoor activities, such as a rooftop pool that has amazing views, a lounge and a 1.6-acre private park that is connected to all the high rises, turning the complex into a lavish city onto its own.
Rent prices for Jackson Park have yet to be announced, according to a spokesperson for Tishman. If you’re interested in the building complexes, you can visit Tishman’s “teaser site,” a new rendering that the company just released.