Related Companies unveiled the new lobby and courtyard at the reimagined Blanchard Building in Long Island City. Located at 2110 51st Avenue, the seven-story, 220,000-square-foot Blanchard Building offers 35,000-square-foot floor plans and a social atmosphere featuring programming such as a current art exhibit curated by Samadhi Advisors, appealing to the creative and technology-focused companies who are drawing a millennial workforce to the neighborhood. Samadhi Advisors has tapped artists Mauricio Arenas, Serkan Altinoz and Demetrius Manouselis to display their work in the Blanchard Building lobby. The gallery selected artists with deep connections to Long Island City, illustrating how the neighborhood has long been a home for creatives and dreamers.
The exhibit will run until July 20. In addition to the art-filled lobby, the building’s amenity space includes an outdoor courtyard featuring a café where employees and their guests can work, host meetings, enjoy lunch and relax. “Long Island City is a young and vibrant community, and quickly becoming one of New York’s most exciting places to live, work and play. Forward-thinking companies are looking at their real estate beyond just a space to house employees, but rather for employee attraction and retention.
The Blanchard Building and its curated cultural programming is a response to the need for unique, modern office space that also offers an engaging social setting desired by the tech and creative companies who call the neighborhood home,” said Senior Vice President of Related Fund Management Patrick Sweeney. Digital agency VaynerMedia’s production house currently occupies approximately 43,000 square feet in the Blanchard Building, one of the two marquee buildings that make up The Point, a new commercial and retail community in the heart of Long Island City. The Point, which also includes The Paragon building, is owned by Related Fund Management and GreenOak Real Estate. Both buildings are located in the Hunter’s Point corridor of Long Island City and are undergoing a significant capital improvement program.
Long Island City offers a central location and convenient access, as well as dozens of new boutiques, restaurants and numerous public green spaces and parks. Quality of life needs for employees such as lifestyle amenities, health and wellness, and a world-class work environment have become essential tenant demands and are all available within the Long Island City market. It is already home to over 6,300 businesses and nearly 100,000 employees. The neighborhood’s explosive growth has already attracted such tenants as JetBlue, Macy’s, Gwynnie Bee, Ralph Lauren, Madewell, Rolex, Bergdorf Goodman, J. Press and Brooks Brothers, affirming its place as a premier Live/Work/Play neighborhood in New York City for creative tenants. More information about The Point is available at www.ThePointLIC.com.
ABOUT RELATED COMPANIES: Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and boasts a team of over 3,500 professionals. The Company’s portfolio of over $50 billion in real estate assets owned or under development is made up of best-in-class mixed-use, residential, retail, office and affordable properties in premier high-barrier-to-entry markets. Related has developed preeminent mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 28-acre Hudson Yards project on Manhattan’s West Side. Related also manages approximately $4 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, and family offices. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World. Related also owns Equinox® Fitness Clubs and SoulCycle, further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties through an exclusive, branded amenity and lifestyle offering. For more information about Related Companies, please visit www.related.com.
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