Tavros Capital and Charney Companies Push 55-Story Long Island City Tower Toward Construction

• Tavros Capital and Charney Companies are developing a 55-story, 676-foot residential tower at 24-19 Jackson Avenue in Long Island City.
• The project will deliver 600 apartments and 10,000 square feet of retail space, with completion expected in 2028.
• Chelsea Piers Fitness leased 72,000 square feet in the building’s podium, anchoring the project’s amenity offering.

Tavros Capital and Charney Companies Move Forward With Long Island City Tower

Developers Tavros Capital and Charney Companies, alongside Incoco Capital, are preparing to move vertical on a major residential skyscraper in the Court Square section of Long Island City, Queens. The project at 24-19 Jackson Avenue will rise 55 stories and 676 feet, adding 600 apartments and 10,000 square feet of retail to one of New York City’s fastest-growing rental markets. The tower is being designed by FXCollaborative and sits on an 18,000-square-foot development site bordered by 45th Avenue, Jackson Avenue, and 23rd Street. Construction crews have nearly completed below-grade work, and the building’s superstructure is expected to rise above street level later this spring.

What the Design Means for the Long Island City Skyline

Renderings show a modern glass tower designed to stand out in the rapidly evolving Court Square skyline. The building will begin with a multi-story podium topped by a landscaped terrace along 23rd Street. Above the podium, the tower rotates roughly 45 degrees to align with Jackson Avenue, giving the structure a distinctive orientation compared to neighboring buildings. The façade will feature black metal paneling framing a reflective glass curtain wall. Lower floors will use a tighter grid of mullions, while the upper levels will feature wider expanses of glass to maximize views across Queens and Manhattan. The tower will also include subtle upper setbacks and a flat roof capped by a mechanical bulkhead.

What the Chelsea Piers Fitness Lease Means for the Project

A major amenity tenant is already secured for the development. Chelsea Piers Fitness signed a lease for 72,000 square feet within the building’s podium in a deal brokered by JLL. The facility is expected to feature a full-service athletic complex, including an outdoor swimming pool, indoor basketball court, running track, fitness studios, and training spaces. For landlords and investors, a large amenity operator like Chelsea Piers can help strengthen the property’s positioning in the competitive Long Island City rental market. High-end amenities remain a major driver for attracting renters, particularly in new luxury towers where lifestyle offerings can differentiate projects.

What the Site Acquisition Says About Development Strategy

The project site was acquired in 2022 for $68.3 million from Toyoko Inn, a Japanese hotel operator. Toyoko originally planned a 50-story hotel with 1,200 rooms, but the proposal stalled, and the property remained vacant for years before construction began. Tavros Capital and Charney Companies instead pivoted the site toward multifamily development, reflecting the strong demand for housing in Long Island City and the neighborhood’s continued population growth. This shift mirrors a broader trend across New York City, where stalled hotel sites are being converted into residential projects.

What the 600 Apartments Mean for the Long Island City Rental Market

Long Island City has become one of New York City’s most active multifamily development hubs, driven by proximity to Manhattan and strong transit access. The 600-unit tower at 24-19 Jackson Avenue will add significant new supply to the neighborhood’s pipeline while continuing the transformation of Court Square into a dense residential district. Major projects like this are helping reshape Queens’ skyline while reinforcing Long Island City as one of the city’s premier rental markets for young professionals and high-income tenants. With vertical construction expected to begin soon and completion targeted for 2028, the project represents another large bet on the long-term strength of the Long Island City multifamily market.