Spring is the season of growth and expansion. This month, as two new NYC residential development projects move into the foundation phase, Real Estate Weekly spent time with one of the TF Cornerstone project leads, Max Elghanayan.
Read on for excerpts from the cover article.
Max Elghanayan Grows up with LIC
Recently, on a windy Thursday afternoon, Fred Elghanayan’s son Max, a sculptor who is also vice president of development at the firm, gave a tour of the 22-acre [Center Boulevard, LIC] site. For Max, the project has been a part of his life since he was a senior in high school.
Though born into a real estate dynasty – his father is a co-founder and president at the firm, while his uncle Tom is co-founder and chairman – Max wasn’t pressured into joining the family business.
“Growing up, my dad and uncles were careful not to talk about business when it was not business hours,” he said. “My only real experience with the real estate business has been since working in it.”
Passionate about design, Max started building furniture as a kid, and while at Connecticut College, he studied architecture and fine art. After graduating, he began working in construction at the waterfront site in Long Island City as an assistant superintendent.
Delivering Maximum Views and Lifestyle Extras
“One of the unique advantages of doing a master plan like this is arranging the towers from scratch so that they all look through each other as much as possible,” said Max.
The team did a lot of research to make sure they got the best possible views of the Manhattan skyline for the units.
One big part of the waterfront site taking shape over the years has been the development of the parks surrounding the buildings, and often, integrated into them.
The eight acres of park land, known as Gantry Plaza State Park, belong to New York State, but were built by TF Cornerstone. A continuous public promenade runs along the length of the site, and includes rolling hills, open lawns, and playgrounds.
“The combination of residential housing, public parks and open space, infrastructure, retail and services has transformed this former industrial site into a vibrant neighborhood for thousands of new residents, businesses, and daily visitors,” said K. Thomas Elghanayan.
“It’s incredible to look across the East River and see how the area has become all that we envisioned and more,” said K. Thomas Elghanayan.
Building Communities and Future Projects
“While we’re extremely proud of the buildings that we’ve developed all throughout New York City, I think what we’ve enjoyed the most has been the opportunity to immerse ourselves in the neighborhoods that we’ve helped create, and to grow with these communities over the years.
“We’re looking forward to continuing this tradition as we start TF Cornerstone’s next chapter, embarking on three of our largest projects to date,” said Frederick Elghanayan.
Read the full Real Estate Weekly article for more comments by Max about his experience in real estate, and details on upcoming TFC development projects.