WITH Wall Street lay offs mushrooming and construction costs soaring, the last thing you'd expect is a big new commercial building in an outer-borough neighborhood not known as an office district. But Rockrose Development Corp. aims to buck the trend.
The company hopes to build a Skidmore Owings & Merrill-designed office tower in Long Island City at a Jackson Avenue location it calls 10 Court Square.
The build-to-suit project, a rendering of which is being revealed on this page for the first time, will have 800,000 square feet. Rockrose has been assembling the site since 1988.
Rockrose Vice President Patricia Dunphy said the Elghanyan family-owned firm had to buy out 12 property owners.
The site, now occupied by several empty low-rise buildings, is close to the 50-story Citibank tower.
CITI TOWER WILL GET NEIGHBOR