Rockrose’s commercial behemoth 10 Court Square now going residential?
Rendering of 10 Court Square, Court Square, Long Island City
We’ll just say it: the future of Long Island City is in Court Square. (Dissenters, take to the comments as usual.) The super-subway-connected area that is undergoing massive change at the moment is only going to be overhauled even further in the coming months. The subway transfer is in progress, Jackson Ave is being, er, ‘beautified’ while new businesses are slowly filling in, the tallest outer borough hotel is set for the area, and interestingly, Rockrose is looking forward to several drastic transformations.
If we reach back into recent history, we can catch up on Rockrose’s plans. After the Elghanayan bros split, TF Cornerstone snatched up everything left on the waterfront at Queenswest while Rockrose retained 4705 Center Blvd (the building with Duane Reade in it) and moved on to the new hotness over at Court Square.
Rockrose has three lots in the area:
The huge swath of land formed by Jackson Ave, 44th Dr, and Hunter St is set to become 10 Court Square, Rockrose’s 25-story behemoth which is rumored to be making the switch from commercial to residential. Perhaps this is because of the soft commercial office market in the city, and also Gotham Center going up just a few blocks away in Queens Plaza..?
A 42-story, 704-unit rental is set for the lot where the beautiful red building used to stand at the corner of 43rd Ave and Crescent St, adjacent to the UN Federal Credit Union. The address is 4300 Crescent St.
Rockrose also owns the triangular lot across the street formed by 25th (aka Crescent) St, Hunter St, and 43rd Ave where a residential building of unknown proportions is rumored to be in the works.
So if you’re keeping score, that’s three residential towers that Rockrose alone are planning for Court Square. Add to that mix, all the other stalled construction sites on Purves, Thompson, and other no name streets off the nether region of Jackson Ave (just west of the Queensboro Bridge), and there’s enough potential energy to blow the LIC waterfront… well, out of the water.
10 Court Square Official Site [Website]
Behold the behemoth 10 Court Square. Rockrose’s new tower gets signage. [liQcity]
The beautiful red building that escaped landmarking faces the guillotine [liQcity]
Moving forward: Gotham Center, MTA improvements & Queens Plaza updates [liQcity]
And let’s not forget Court Square: construction, beautification, burgers [liQcity]
Here’s the NYT article about the Rockrose split-
http://www.nytimes.com/2009/11/01/business/01real.html?scp=3&sq=Rockrose&st=cse
Yeah well…. this is yet another example of a well thought out plan to side step the Zoning regulations and pull a fast one. This is the same scenario with the upsurge in hotels. It’s the same scenario for faking a community facility on the OCA site. It’s the same game with the vaporizing community give backs. Menawhile these folks snatch up property all over the place while crying big crocodile tears over their ‘hardship’.
What are you babbling about #3? Which site? Which company?
It would have been nice if it went commercial although I have no problem w/ residential. LIC needs a commercial core. Ultimately you want LIC around QB plaza to be what downtown Brooklyn and Jersey City is to Manhattan. It would bring jobs to Queens (and keep them out of NJ).
4, I can’t respond seriously to someone who prejudges my statements as “babbling”. If you can’t figure it out, it’s not my problem.
#3, admit it, you were babbling…
Not only that, # 3, we can only imagine what would have happened had NY gotten the Olympics. Hunters Point South is like the Plan B. I don’t think #4 comes from around here. If he does, he seems to like the neighbors he doesn’t have yet more than the ones he has now. Do you $mell agenda?
Yes Townie. I do $mell agenda and/or bottom feeding broker. Or 4, 7 may just have ADHD. Seems to be prominent among the newcomers. In his/her defense 4, 7 may just not understand the references but unfortunately has no interest in asking. The broader point is there are people who just don’t get that they are getting screwed too.
Ah but I’m babbling…
What are you all talking about? I’m not #4 or #7, nor am I a broker (you would think 1/2 the population of LIC is brokers based on comments here) but I also fail to see how are we getting screwed.
I live on the waterfront and I would love to see the Court Sq. area develop as nicely as the waterfront is developing. This will enhance the whole community and give all of us more options in retail and jobs. Go Court Sq!
Smart move by Dutch Kills opening around there. I hope they can hold on a little longer for the vast amounts of people that are going ot be living there in thew next 3-5 years.
#10 & 5. Yawn.. “it will bring jobs”. How often we hear that when in reality it just ain’t so.
#13 I actually know at least two people that live in the waterfront and work in the Citibank building. Is that not a job?
isn’t that the other way around? they moved here out of convenience because they already had the job…I’m just sayin’.
14, wow that’s impressive. I’m waiting to see the huge surge in the local economy. Oh gosh did I mention I know 5 people who were laid off? Guess that’s a net loss.
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Well, I certainly welcome development of the Court Square area, but it’s years and years away from getting built and occupied. Meanwhile, on the LIC waterfront there will be 3 or 4 more towers. Additionally, the Powerhouse people will be building 2 relatively large buildings *AND* the middle-income housing at Hunters Point South will be underway by then too.
And the Rockrose brother who owns the Court Square parcels got them from his brothers only after trading them the waterfront parcels. When the split occurred within Rockrose, most of the residential development people of the ‘old’ Rockrose company left him and went to work for TF Cornerstone, so he was caught off guard with that. He publicly stated that he traded the waterfront land with the Court Square land b/c he didn’t want the time constraints that came with the QueensWest properties. He needed to re-build his development team.
Again, I think 10 Court Square going residential is welcome by me personally. I always thought that there is too much commercial stuff there as is and wished it was more residential.
Good news all around for LIC!