NEW YORK CITY-A massive residential project at East Coast, a21-acre plot owned by the state, has just past half-completed. The$1 billion-plus project comprising seven residential buildings isbeing developed by TF Cornerstone, a firm operated by theElghanayan brothers, Frederick and K. Thomas.

The East Coast residential project will add around 3,500 unitsof market-rate apartments to Long Island City. It is expected to becompleted in 2014. For the full story, go to Wall Street Journal .


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.