2-20 and 2-21 Malt Drive in New York City

TF Cornerstone Nears Completion on 1.4 Million-Square-Foot Development in Queens

by Channing Hamilton

NEW YORK CITY — New York City-based developer TF Cornerstone is nearing completion on 2-20 and 2-21 Malt Drive, a 1.4 million-square-foot high-rise community in the Long Island City neighborhood of Queens. At full build-out, the project will deliver 1,386 apartments across two buildings, as well as retail space and a public park.

2-20 and 2-21 Malt Drive are situated on Malt Drive, 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. The project is located within the 30-acre Hunter’s Point South mixed-use development.

The South building at 2-20 Malt Drive will rise 33 stories and feature 575 units. The adjacent North building will comprise 811 apartments across two towers at 2-21 Malt Drive. Thirty percent of units at both buildings will be set aside as affordable housing, which will be leased at 130 percent of the area median income. The buildings were designed by SLCE Architects.

Planned amenities include on-site parking, bicycle storage, co-working space, children’s playrooms, lounges, fitness centers, shared laundry rooms as well as in-unit washers & dryers, roof decks with BBQ grills, sundecks and courtyards. 2-20 Malt Drive will also feature a pool and a third party-operated dog groomer, which will also be accessible to residents of 2-21 Malt Drive. Select units in both buildings will feature private outdoor space.

Leasing for both buildings is expected to begin this summer. The South building will open for leasing first, followed by the opening of the North building.

The development also includes the construction of Malt Drive Park, which will add 3.5 acres of park space to the adjacent Hunter’s Point South Park and extends public access along the shoreline by about 700 feet. The project will also feature 25,000 square feet of retail space.

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