A new three-building development on Jackson Avenue in Long Island City is promising an amenity-filled complex to potential tenants.
Jackson Park will consist of more than 1,800 apartments and 120,000-square-feet of amenities including a 1.6-acre park only for tenants. The Tishman Speyer developments will stand 42,44, and 53 stories high.
The towers will include “a variety of apartment types and floor plans for every lifestyle” and will span an entire city block. In addition to the three towers, a five-story “amenity clubhouse” with an outdoor pool. The 45,000-square-foot building will have underground access to all three apartment towers.
“In keeping with our tradition of creating sophisticated living and dynamic work environments in the world’s top markets, Jackson Park is destined to become Long Island City’s most desirable address” said Rob Speyer, CEO of Tishman Speyer in a statement. “Tishman Speyer is a pioneer in Long Island City, which has established itself as New York’s most dynamic and sought-after neighborhood. We are excited to deliver a truly 24/7 community where New Yorkers can live, work and play, complete with best-in-class amenities and convenient access to everything New York has to offer.”
According to a real estate report, Long Island City saw the biggest rental construction boom from 2010 through 2016. Long Island City topped the list of 50 neighborhoods with the most new rentals from 2010 through 2016 and greatly surpassed the next neighborhood on the list, Downtown Los Angeles. During that six-year time period, the neighborhood saw 12,533 new units and 41 new apartment buildings being constructed.
Jackson Park is located across the street from another Tishman Speyer development, the JACX. It consists of two 26-story towers and 1.2 million-square-feet of office and retail space and a 1-acre landscaped terrace. The co-working company WeWork is leasing space there along with other fashion and retail companies.
A gourmet market, food hall, coffee shop, restaurants and boutique fitness spaces are also also planned for the development.
Leasing at Jackson Park will begin in fall 2017 and Tishman Speyer anticipates tenants in the first building will move in by the end of this year.
