NEW YORK CITY — TF Cornerstone has begun leasing Malt Drive, a 1,386-unit high-rise community in the Long Island City neighborhood of Queens. The development consists of two buildings. The South building at 2-20 Malt Drive rises 33 stories and comprises 575 units. The adjacent North building houses 811 apartments across two towers at 2-21 Malt Drive.
Apartments come in studio, one- and two-bedroom layouts. Thirty percent of units will be set aside as affordable housing and will be leased at 130 percent of the area median income. Amenities include coworking space, children’s playrooms, lounges, fitness centers, shared laundry rooms, roof decks with barbecue grills, sundecks and courtyards. The property also includes 25,000 square feet of retail space and a 3.5-acre public park.
SLCE Architects designed the project.
Malt Drive is situated within the 30-acre Hunter’s Point South mixed-use development. The property is located along a new city street that was named as a nod to the site’s history as a sugar cane processing facility that later became a beer distribution center.
TF Cornerstone is a developer headquartered in New York City. The company currently owns and operates approximately 10,000 residential units in Manhattan, Brooklyn and Long Island City, as well as more than 4 million square feet of commercial, office and retail space.