Rockrose To Build Queens' Tallest New Residential Building, "Citigroup's Girlfriend"

Developer Rockrose will build a 500-foot tower in Long Island City that will become the tallest residential building in Queens, the Observer reported. The bulding, at 43-25 Hunter Street, will have 975 residential units and is expected to break ground in the fourth quarter of this year. The total cost of the project is an estimated $400 million. The new building is close to the existing Citigroup Building at One Court Square, prompting Rockrose executive Justin Elghanayan to dub it Citigroup’s “girlfriend.” Seven warehouses will be demolished to make room: 25-25 44th Drive, 43-25, 43-15, 43-11 and 43-09 Hunter Street, as well as 27-02 and 27-06 43rd Avenue. Rockrose is also opening new residential properties at Linc LIC in Court Square and Eagle Loft at 43-22 Queens Street. TF Cornerstone, which is owned by other members of the Elghanayan family, is developing its own Long Island City portfolio near the waterfront.

Rendering via Rockrose / Observer

This post has been updated: Rockrose’s new building would be the tallest residential building in Queens, not the tallest overall.