TF Cornerstone’s 4610 Center Boulevard development (Source: TF Cornerstone)
April 9, 2019 By Christian Murray
TF Cornerstone, the real estate developer that has built thousands of units on the Long Island City waterfront, announced today that it has established a grant program for local nonprofits.
The program, called Building Together, aims to formalize its philanthropic efforts. The company said that it has helped fund many groups and events over the years, including the Taste of LIC, LIC Arts Open, LIC Youthmarket, INSITU Dance Festival, HarborLab, Halloween Parade, YMCA and more.
“For years, TF Cornerstone has been an integral member of the Long Island City family, supporting many groups and special events that make our neighborhood a wonderful place to live and work,” said Ebony Young, Vice President of Corporate Social Responsibility at TF Cornerstone. “Through the new Building Together program, nonprofits across the community will be able to apply for grants to support their great work.”
The real estate giant has played an active role in shaping Hunters Point since the turn of the century and will for years to come. It built approximately 3,000 units on Center Boulevard between 2006 and 2014–at addresses such as 4545 Center Boulevard and 4720 Center Boulevard– and is in the process of building thousands more.
The company has started construction on 1,200 units—800 deemed affordable–on Parcel C at Hunters Point South and is working with the NYC Economic Development Corp. to develop 1,000 units on city property on 44th Drive. Both these developments include schools.
TF Cornerstone, according to reports, has also entered into contract to buy an 8-acre site at 55-01 Second Street, near Parcel C, that could house 2,000 units. The transaction, however, does not show up on city records.
The new philanthropic program, the company said, is centered around three pillars—youth & education, community building and environmental sustainability.
Eligible non-profits must have 501(c)(3) status, be located or do work in Long Island City and have a track record of at least three years.
Non-profits are encouraged to apply by April 15 by clicking on the following link.
5501 Second Street is the site marked in blue (City Planning)
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4 Comments
Want to build good will in the community? How about separating two lower floors or designing space within their project for a Recreation Center with an Olympic size swimming pool, an Ice Rink, indoor basketball courts for kids, seniors, parents – give them a 99 year tax abatement to make this into a private/public partnership? With the lack of Green Space on the waterfront and incoming Middle/High Schools to be built this would be a great idea.
Want to create some goodwill in the community? Take down the “Live at the Center of it All” banner please
This is merely a PR work, these companies are ruining our neighborhoods for profit. They made LIC area only for high income people and rents for shitty apartments skyrocketed in low income adjacent neighborhoods.
Great to see, this kind of thing is why I love greedy real estate developers so much.