3 LIC’s latest new development full months before completion
Macy’s, Bloomingdale’s and NewYork-Presbyterian among ‘The JACX’s high-profile tenants
QUEENS WEEKLY, JAN. 27, 2019
BY BILL PARRY
The JACX, a massive 1.2
million square foot creative
office development in Long
Island City has already
reached full occupancy
months prior to opening,
developer Tishman Speyer
announced Tuesday.
The company has finalized
separate lease agreements
with Macy’s Inc. and
NewYork-Presbyterian to
fill all of the remaining
space that was available at
The JACX.
The two lease agreements,
totaling 328,000
square feet combined, bring
The JACX, which consists of
two 26-story towers connected
by a four-story podium, to
100 percent occupancy prior
to the project’s anticipated
completion this summer.
Tishman Speyer began
construction of The JACX
in late 2016 and topped out
at 446 feet in October of last
year. When completed, The
JACX will be the single
biggest addition to Long Island
City’s office inventory
since the Citicorp Building
opened in 1990. The massive
Queens Plaza district
development employs an
open loft concept that allows
for panoramic views
and abundant sunlight.
The towers also incorporates
generous ceiling
heights, efficient floor plates
and advanced infrastructure
to create a modern collaborative
workspace,
“Tishman Speyer made
its first commitment to Long
Island City back in 2003 because
we recognized it as
an authentic urban environment
that possessed all
of the ingredients for longterm
success,” Tishman
Speyer President and CEO
Rob Speyer said. “Our ability
to pre-lease most of The
Jacx prior to construction
and all of the other space
prior to completion firmly
demonstrates Long Island
City’s viability as an office
hub and magnet for today’s
creative workforce.”
Macy’s, Inc., which initially
committed to nearly
567,000 square feet at The
JACX, expanded its footprint
in the towers by another
300,000 square feet for a total
of nearly 867,000 square feet
as part of its 20-year lease
agreement. Bloomingdale’s
will occupy a total of 11 floors
in the west tower, known as
Three Jackson, and Macy’s
employees will occupy all 22
tower floors of the east tower
known as One Jackson.
In a separate 15-year
lease, NewYork-Presbyterian
and Weill Cornell Medicine
will create a 28,000-squarefoot
multispecialty primary
care practice at One Jackson,
staffed with Weill Cornell
Medicine physicians.
The new location, which
will serve Long Island City’s
growing residential and
commercial population, will
include street level entry to
a modern medical facility
across the entire eastern half
of the second podium floor.
The remaining 215,000
square feet of office space on
the 5th through 15th floors of
Three Jackson will be occupied
by WeWork, which committed
to The JACX in 2015.
“We are grateful to the
City of New York and for pioneers
like Macy’s, WeWork
and New York-Presbyterian
who have helped pave the
way,” Speyer said.
The JACX development in Long Island City. Courtesy of Jesse David Harris