May 2, 2025 By Ethan Marshall
Since its founding in 1970 by Tom and Fred Elghanayan, the real estate development company TF Cornerstone has played a pivotal role in helping to shape the current landscape of the waterfront of Long Island City, as well as western Queens as a whole.
Committed to long-term multi-generational ownership, TF Cornerstone has built a strong reputation for its quality, integrity and vision. Playing large roles in the initial planning, zoning, financing and construction stages of a building’s development, TF Cornerstone has developed numerous residential and commercial properties across New York City, including 12,000 residential rentals.
The company’s work on the Long Island City waterfront has been very extensive. They were attracted there by the opportunity to work as a partner with the public sector. Through some of their previous work, TF Cornerstone saw just how much more is accomplished through public investment and partnering with the government.