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Tishman Speyer to start construction of LIC office megadevelopment

Bank of the Ozarks, Qatari firm to fund 1.1M sf project

28-10 Queens Plaza in Long Island City and Rob Speyer

 

Tishman Speyer is set to start construction of its 1.1 million-square-foot Long Island City office-and-retail development after landing an equity investment from Qatari Diar and a loan from Bank of the Ozarks.

The $700 million project at 28-10 Queens Plaza South will include two 27-story buildings with WeWork signed as a 250, 000-square-foot anchor tenant. The two Raul de Armas-designed buildings will be connected by a four-story building featuring retail space and a food hall.

About 800, 000 square feet in the development have been pre-leased, the firm said…

Read the full story at The Real Deal, by Konrad Putzier

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