July 29, 2013 By Christian Murray
TF Cornerstone today announced the topping out of its sixth and final residential building on the Long Island City waterfront today.
The announcement comes 10 years after breaking ground on its first residential development, all part of its East Coast project.
“4610 Center Boulevard is the final piece… and topping off this tower is a significant milestone in the waterfront’s history,” said Sofia Estevez, Executive Vice President of TF Cornerstone Inc.
In 2003, TF Cornerstone finalized its purchase of 21-acres of waterfront property in LIC from PepsiCo for $85 million. Since then, the company has transformed the former manufacturing site into a residential area.
Upon completion of its sixth and final building, TF Cornerstone will have added a total of 2,615 rental units and 184 condominiums. Combined they will be home to more than 6,000 people.
“When TF Cornerstone broke ground in Long Island City over ten years ago, we envisioned the creation of a family-friendly community with convenient access to Manhattan, spacious luxury apartments and a sprawling amount of outdoor open space,” Estevez said.
This area along Center Boulevard now includes waterfront parks, a new public K-8 elementary school, retail and other services. The waterfront is also home to the LIC Flea & Food and is in walking distance to numerous restaurants, shops and cultural activities.
The 46-10 Center Blvd. development is a 25-story rental that sits directly behind the iconic Pepsi-Cola sign. The building will be home to 585 units ranging from studios to three-bedrooms and will offer amenities like a fitness center and 24-hour concierge.
Another TF Cornerstone building, 45-45 Center Boulevard, started leasing in May. It boasts a plethora of amenities.