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The Orchard, Queens and Long Island City's Tallest Building by BLDG Management Co., Inc., Commences Leasing

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A Media Snippet accompanying this announcement is available by clicking on this link. NEW YORK, Jan....

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AI Summary

BLDG Management launched The Orchard, a major rental tower in Long Island City. The Orchard offers 824 residences, blending luxury with affordable housing elements. Demand for full-service living in Long Island City is strongly evident. The development includes vast amenities, enhancing living experience and lifestyle. Move-ins are set for February 2026, with pricing from mid-$3,000s.

Sentiment Rationale

The Orchard's combination of luxury and affordable housing could attract strong demand, driven by evolving lifestyle preferences, similar to past profitable developments in NYC. Historical examples like Hudson Yards saw significant price appreciation post-launch.

Trading Thesis

The development's completion in February 2026 positions it for long-term demand and appreciation, benefiting the real estate sector and directly impacting related stocks like HOUS.

Market-Moving

  • BLDG Management launched The Orchard, a major rental tower in Long Island City.
  • The Orchard offers 824 residences, blending luxury with affordable housing elements.
  • Demand for full-service living in Long Island City is strongly evident.

Key Facts

  • BLDG Management launched The Orchard, a major rental tower in Long Island City.
  • The Orchard offers 824 residences, blending luxury with affordable housing elements.
  • Demand for full-service living in Long Island City is strongly evident.
  • The development includes vast amenities, enhancing living experience and lifestyle.
  • Move-ins are set for February 2026, with pricing from mid-$3,000s.

Companies Mentioned

  • COR (COR)
  • TRTN (TRTN)

Industry News

The announcement of a high-profile development like The Orchard directly impacts HOUS through its connection with The Corcoran Group, likely increasing demand for rentals and real estate services.

The Orchard Launches Leasing in Long Island City: A New Era in Luxury Living

NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- BLDG Management Co., Inc. has officially commenced leasing at The Orchard, the tallest residential building in Long Island City, featuring 824 residences with a mix of market-rate and affordable homes. Rising to a height of 823 feet, this architecturally significant tower sets a new benchmark for luxury living, promising an array of first-class amenities in one of New York City's most vibrant neighborhoods.

Introducing The Orchard: Luxury and Community Redefined

Located at the intersection of Orchard Street and Jackson Avenue, The Orchard spans an entire city block with its 70-story structure. The development merges Long Island City's rich industrial history with a modern lifestyle, designed to be both a landmark destination and a genuine representation of the area’s character. “We’re incredibly proud to introduce The Orchard,” remarked Lloyd Goldman, President of BLDG Management. “Having owned this site for nearly 60 years, we wanted to honor the neighborhood’s history while elevating its identity with a luxurious living experience.”

A Closer Look at The Orchard’s Design and Amenities

The Orchard's striking design by Perkins Eastman features a blend of brick, glass, and metal that pays tribute to the neighborhood's past. As a new architectural icon, it is poised to become a beacon on New York's skyline. Inside, award-winning interiors by McCartan deliver a tranquil retreat, highlighted by a double-height lobby and tasteful orchard murals.

  • 824 residences: 576 market-rate and 248 affordable homes
  • Amenities include:
    • 60,000-square-foot landscaped backyard
    • Resort-style pool and cabanas
    • State-of-the-art fitness center
    • Indoor basketball court and boxing studio
    • Sky Lounge with panoramic city views

Resident-Centric Features and Lifestyle Options

The Orchard caters to various lifestyles, featuring studio to three-bedroom residences with modern layouts capable of accommodating diverse household needs. Each unit comes equipped with high-end finishes, spacious balconies, and cutting-edge appliances. Residents also enjoy tailored configurations throughout the building, from curated corridor colors to abundant communal spaces.

“Long Island City is one of New York’s most dynamic residential markets,” noted Jodi Stasse, Executive Vice President of New Developments at The Corcoran Group. “The Orchard elevates this residential lifestyle, offering striking architecture, expansive outdoor spaces, and community-oriented features that cater to modern living.”

A Comprehensive Suite of Amenities

The amenity offerings at The Orchard encompass over 100,000 square feet of indoor and outdoor space, promoting a lifestyle rich in movement, leisure, and community engagement. Highlights include:

  • A landscaped backyard featuring an apple orchard and running track
  • State-of-the-art fitness facilities and wellness spaces
  • Entertainment options such as a multi-sport simulator and arcade room
  • Business center equipped with coworking spaces and meeting rooms

The Orchard also emphasizes family-friendly amenities, including a children’s playroom and outdoor game areas. The Sky Lounge, located on the 70th floor, offers unparalleled city views and provides a serene setting for gatherings or relaxation.

Exceptional Services and Convenience

With on-site services powered by LIVunLtd, The Orchard promises a level of convenience that enhances the living experience. Residents will benefit from 24-hour lobby staff, personalized move-in assistance, fitness programming, and various community events. Additionally, a covered porte-cochère connects to a two-story garage with 207 parking spaces available for rent.

As leasing at The Orchard progresses, the community anticipates making its mark as a hallmark of luxury rental living in Long Island City. With its distinctive architectural design and comprehensive lifestyle offerings, The Orchard is set to redefine urban living in New York City.

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