“Now today, as we officially launch the development for the first time, we see the vision become a reality as The JACX continues to breathe new life into the community and beyond. This was clearly evident in the increased demand for the project, as all the offered spaces were leased during the initial launch of the project to a number of reputed companies and organisations such as Bloomingdale's, WeWork, New York-Presbyterian Hospital, as well as a number of diverse restaurants, a fitness center and retail stores.ĭespite the pandemic that caused one of the largest waves of economic downturn in the United States, the project was able to maintain its attractiveness and increase the demand for it during this period. It is the first project that Qatari Diar and Tishman Speyer have collaborated on together in the US, and we hope that the success of The JACX will provide a foundation for further projects in New-York, wider US and across the world in years to come.”ĬEO of Qatari Diar, Abdullah bin Hamad Al Attiyah said Qatari Diar has sensed from the beginning a growing demand to develop a project like The JACX, which offers a significant addition in office and commercial space to the business community in Long Island. The building now joins some of the most celebrated and iconic landmarks to grace the New York skyline, and we’re delighted to be placed amongst them. In addition to the New York-Presbyterian Hospital, the building also contains a variety of commercial and service activities such as restaurants, halls, dining and a fitness center, in addition to a variety of stores, offices and different companies which will provide economic recovery and development in Long Island for long and in the near future.Ĭhairman of Qatari Diar Sheikh Khalid bin Khalifa Al Thani, said: “Qatari Diar is extremely proud to add The JACX to our growing US portfolio, alongside our projects in Washington DC. The tenants of the project included a number of large companies and prestigious establishments such as Bloomingdale's and WeWork, a leading provider of office workspaces. This distinguished project was designed to meet the modern needs of new work environments, whether for entrepreneurs or large companies, which are considered long-term. All spaces, whether office or commercial, have been fully leased. The JACX, which was delivered by Qatari Diar alongside Tishman Speyer, is a 1.2 million square feet creative office development featuring two 26-storey office towers, a one-acre podium elevated five-stories above street level that is landscaped to represent a tranquil City Park, and 50,000 square feet of retail space for commercial use. The opening ceremony was attended by Chairman of Qatari Diar, Sheikh Khalid bin Khalifa Al Thani CEO of Qatari Diar, Abdullah bin Hamad Al Attiyah Chief Executive Officer of Tishman Speyer, Rob Speyer President of the Long Island City Partnership, Elizabeth Lusskin and representatives from the city of Long Island, a number of dignitaries, investors and representatives of the relevant authorities. Qatari Diar Company owns 80% of the project. The office tower is set to become one of the most influential commercial developments that Long-Island City. The project is one of the largest commercial projects in Long Island that was implemented in partnership with fellow developer Tishman Speyer, the prestigious American real estate company. Qatari Diar announced the completion and leasing of all areas of The JACX project in Long Island - New York – USA, during the official opening of the project. Qatari Diar, a global leader in sustainable real estate, in partnership with fellow developer Tishman Speyer, officially launched The JACX project with an on-site opening event and ribbon-cutting ceremony.
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