TF Cornerstone has been in the real estate business for more than 40 years, with an expertise in its field and unsurpassed success in the New York City area.

TF Cornerstone Inc.’s principals are two brothers, Tom and Fred Elghanayan. The Company is focused on acquisition, development, construction and management of fine residential, commercial and retail properties. TFC’s property portfolio includes a solid, fully-operational collection of Class A, luxury residential buildings, modern office spaces and highly visible retail locations totaling over 8 million square feet throughout New York City and Washington, D.C.

Our residential projects raise the standard of living by creating a sense of community and establishing thriving neighborhoods. Our commercial strategy centers on value enhancement through active management and repositioning of office, retail and industrial properties. Additionally, the firm’s vertical integration provides a depth and breadth of knowledge and experience to draw upon in creating new developments and managing growth over the long-term without compromising our passion and commitment to delivering the highest quality real estate product and services for our tenants. Our longstanding commitment to developing our talented team and maintaining our core values and reputation for quality, innovation, reliability, and integrity will ensure the long-term growth and success of our vision.

History

Over the past four decades, Tom and Fred Elghanayan have worked together, steadily building a reputation for quality, integrity and vision. The partnership that began in 1970 with the renovation of a small brownstone has since grown into a preeminent NYC real estate development firm.

TF Cornerstone Inc. is engaged in the acquisition, development, construction and management of residential, commercial and retail properties. The firm owns and manages an extensive portfolio of luxury residential buildings, modern office properties and highly visible retail locations, totaling over eight million square feet throughout New York City and Washington DC, including over 7,000 luxury apartments.

With a combined vision of pioneering new neighborhoods, the Elghanayan brothers have consistently identified communities with significant potential for growth. They have been instrumental in developing the West Village, Financial District, Chelsea, Battery Park City, the Long Island City waterfront and most recently the far west side of Manhattan.

TF Cornerstone designs each residential building and its surroundings to create exceptional environments in which to live. From the design of the apartments and common spaces to providing attractive amenities and building with superior craftsmanship, TF Cornerstone sets the standard for real estate development in New York City and beyond.

Our Vision

For forty years TF Cornerstone has recognized that the success of its projects depends not only on the buildings it designs, but also on the surrounding infrastructure, public amenities, and commercial establishments.

Our strategy for real estate development begins with a sustainable mixed-use plan that includes convenience retail, grocery stores and desirable restaurants. Ensuring the right balance of residential units, essential retail, parking and other services provides our residents and their neighbors with a strong community, neighborhood and home.

The complexity of the planning and construction of our projects demands a multidisciplinary team. From initial planning and financing through construction and finally to leasing and management, our vertically integrated organization works seamlessly to transform our vision into reality and provide the finest product and services for our residents. The breadth of our in-house expertise guides TF Cornerstone as we revitalize neighborhoods and shape the future skyline of New York City and Washington DC.

Leadership

K. Thomas Elghanayan

Chairman, TF Cornerstone Inc

Tom Elghanayan is the Chairman and co-founder of TF Cornerstone Inc. He oversees a commercial and residential real estate portfolio of more than eight million square feet throughout New York City and Washington DC. Tom is actively involved in supervising acquisitions, finance, planning, sales, residential marketing and management. He continues the Elghanayan family tradition of developing properties that will stand the test of time.

Prior to TF Cornerstone, Tom and Fred founded Rockrose Development Corporation in 1970 with their older brother Henry, contributing to the company's growth as one of the most respected commercial and residential development firms in New York City. During his over four-decade-long career in the real estate industry he has earned a reputation as a forward-thinker who has set the standard for building style and quality, while paving the way into New York's burgeoning neighborhoods.

Tom was born in Iran and moved to Queens with his family as a child. He earned his Master in Business Administration at Harvard University and his Bachelor of Arts at Yale University. In addition to being passionately involved with his company, Tom is also an avid member of the greater real estate community. He is a member of the Board of Governors and Executive Committee of the Real Estate Board of New York, the Executive Committee for the Alliance for Downtown New York, the Yale Club of NYC, Downtown-Lower Manhattan Association and the Carnegie Hall Society.

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Frederick Elghanayan

President, TF Cornerstone Inc

Frederick Elghanayan is the President and co-founder of TF Cornerstone Inc. He leads the construction division of the company and is responsible for overseeing the construction and renovation of the more than eight million square feet of commercial and residential properties in the TFC portfolio. He is actively involved in the acquisition and development of future projects.

An industry veteran for over 40 years, Fred dedicates himself to ensuring that every TF Cornerstone project meets or exceeds the industry standard for design, construction, environmental consideration, quality and innovation.

Prior to TF Cornerstone, Tom and Fred were principals of Rockrose Development Corporation, which they founded in 1970 with their brother Henry; they contributed to that company's growth into one of the most respected commercial and residential development firms in New York City. While a principal partner of Rockrose Development Corporation, Fred's work was recognized for excellence by the American Institute of Architects and the Municipal Arts Society of NY, among others. Fred was awarded the "Silver Shovel" by the Subcontractors Trade Association in 1997. He received the honor a second time in 2012.

Fred earned his Bachelor of Science in engineering from Cornell University. He is a member of the Real Estate Board of New York and a board member of REBNYs Owners and Builders Division. In addition to dedicating his time to the real estate industry, Fred is an avid art collector. A former Trustee of the Brooklyn Museum of Art, he currently serves on several committees at the Brooklyn Museum and the Metropolitan Museum of Art.

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Property Timeline

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1970's

1980's

1990's

2000's

2010's

Awards

4545 CENTER BLVD

2013

CONCRETE INDUSTRY BOARD AWARD OF MERIT

Recognized for excellence in concrete in architectural and engineering design, general construction and workmanship

EAST COAST

Long Island City, NY

2012

AMERICA'S PROPERTY AWARDS

Best Residential High-Rise Development

THE VIEW

4630 Center Blvd

2012

AMERICA'S PROPERTY AWARDS

Best Apartment in New York

TF CORNERSTONE

2011

GREATER NEW YORK CONSTRUCTION USER COUNCIL

Developer of the Year

THE SKY CLUB AT 505

505 West 37th Street

2010

GREATER NEW YORK CONSTRUCTION USER COUNCIL

Award for Outstanding Open Space Project

TRIBECA POINTE

41 River Terrace

2002

BOSTON SOCIETY OF ARCHITECTS

BSA/AIA New York Housing Design Awards Jury Honor Award for Design

2002

AMERICAN INSTITUTE OF ARCHITECTS

New York City Award for Excellence

AMERICAN INSTITUTE OF ARCHITECTS

New York State Award for Excellence

AMERICAN INSTITUTE OF ARCHITECTS

New York Chapter Design Award

1999

F. W. DODGE NEW YORK CONSTRUCTION NEWS, BEST OF 1999

Residential Project Award of Merit

CARNEGIE HALL TOWER

152 West 57th Street

1994

AMERICAN INSTITUTE OF ARCHITECTS

New York Chapter Design Award

1991

CONNECTICUT SOCIETY OF ARCHITECTS

Design Award

THE ARCHIVE

666 Greenwich Street

1990

THE MUNICIPAL ARTS SOCIETY OF NEW YORK

New York Preservation Award Design Achievement

RIVER ROSE

333 Rector Place

1986

AMERICAN INSTITUTE OF ARCHITECTS

New York Chapter

THE WEST COAST

95 Horatio Street

1983

BUILDER MAGAZINE

Grand Award for Best Residential Renovation

NEW YORK SECTION, ILLUMINATING ENGINEERING SOCIETY

Grand Award for Best Residential Renovation

1982

INDUSTRIAL DESIGN MAGAZINE

Excellence in Design

525 EAST 80TH STREET

1982

BUILDER MAGAZINE

Best Project More Than 15 DU/AC

1981

CONCRETE INDUSTRY BOARD OF NEW YORK

Award of Merit

BLEECKER COURT

77 Bleecker Street

1981

AMERICAN INSTITUTE OF ARCHITECTS

New York Chapter Citation for Residential Design

TURTLE BAY TOWERS

310 East 46th Street

1979

CITY CLUB OF NEW YORK

Albert S. Bard Award for Merit in Architecture and Urban Design

1978

AMERICAN INSTITUTE OF ARCHTECTS

Achievement of Excellence in Design

AMERICAN INSTITUDE OF ACHITECTS IN COOPERATION WITH HOUSING MAGAZINE

First Honor Award

Urban Design Magazine

Certification of Excellence

THE SHEPHERD HOUSE

277 West 19th Street

1978

QUALIFIED BUILDER MAGAZINE

Honor Award

THE ALBERT

23 East 10th Street

1976

EAST 10TH STREET ASSOCIATION

Imaginative Renovation of Distinguished Greenwich Village Building

THE FOUNDRY

304-310 East 23rd Street

1975

BUILDING OWNERS & MANAGERS ASSOCATION

Imaginative Conversion

CAST IRON BUILDING

67 East 11th Street

1975

AMERICAN INSTITUTE OF ARCHITECTS

New York Chapter Excellence in Residential Design

1974

NEW YORK STATE ASSOCIATION OF ARCHITECTS

Certificate of Merit for Excellence in Design

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