As construction workers completed its 50th story, Rockrose Development Corp. today celebrated the topping out of The Hayden, its 974-unit residential tower at 43-25 Hunter Street in Court Square, Long Island City, Queens.1
The Hayden will be NYC’s largest “80/20” project constructed outside of Manhattan. Twenty percent of its units, or 195 apartments, will be offered as affordable housing units; the remainder will be market rate rentals. The building is being constructed under the now-expired 421-A Affordable Housing Program.
Justin Elghanayan, President of Rockrose, said, “In just the last five years, Court Square has witnessed a spectacular demand for new housing. The Hayden’s next door neighbor, Rockrose’s 709-unit Linc LIC, was fully leased within a year after its opening in 2013. We anticipate an equally enthusiastic response from apartment seekers for this amenity-rich project.”
The Hayden comprises 970,000 square feet, with 19,400 square feet of retail space on its ground floor.
The expected completion date is the first quarter of 2017.
The Hayden will be one of Queens’ tallest structures. Located at the center of the booming Court Square neighborhood, the building is adjacent to several subway lines and offers a 3-minute subway ride into midtown Manhattan. It will include 348 studio, 459 one-bedroom, and 167 two-bedroom apartments.
The Hayden will also offer two large rooftop terraces to enjoy the Manhattan skyline and 18,000 square feet of “over the top” amenities, including a fitness center, basketball court, billiard room, and rooftop solarium and great lawn. In addition, The Hayden will have a yoga studio, a Zen garden, a screening room, a library and a children’s playroom.
More than 12,000 new apartment units are planned for Court Square within the next five years. Rockrose alone is constructing over 2,500 units in the neighborhood.
Mr. Elghanayan added, “More apartments will be constructed in Court Square in the next five years than in Downtown Brooklyn, Hudson Yards, or any other emerging neighborhood in NYC. The area also offers tremendous opportunities for retailers, especially restaurateurs, in a community that is currently underserved.”
Topping out is a traditional celebratory gathering for construction workers that marks the completion of the building’s tallest structural elements.