A New Era Dawns at Court Square: Incoco Capital, Charney Companies, and Tavros Break Ground on Towering 55-Story Skyscraper
Long Island City, NY – August 13, 2025 – A significant milestone in the ongoing transformation of Long Island City’s vibrant Court Square neighborhood was officially marked today as Incoco Capital, in partnership with the esteemed Charney Companies and Tavros, celebrated the groundbreaking of their ambitious 55-story skyscraper. This monumental development promises to reshape the city skyline and further solidify Court Square as a premier destination for residential living and commercial enterprise.
The celebratory event, held under clear skies, brought together key stakeholders, including representatives from the development teams, local officials, community leaders, and members of the press. The palpable excitement surrounding the commencement of construction underscored the anticipation for this transformative project.
The 55-story tower, designed to be an architectural landmark, is set to introduce a substantial number of residential units, catering to the growing demand for modern and sophisticated living spaces in Long Island City. Beyond its residential offerings, the skyscraper is also planned to feature a dynamic mix of retail and commercial spaces, fostering a vibrant ecosystem that will contribute to the economic vitality of the area.
Incoco Capital, Charney Companies, and Tavros, a formidable alliance of experienced real estate developers, have a proven track record of delivering high-quality, impactful projects. Their collaborative vision for this Court Square development emphasizes not only impressive scale and design but also a commitment to creating a space that enhances the lives of its residents and the surrounding community.
“We are incredibly proud to break ground on this landmark project at Court Square,” stated a representative from Incoco Capital. “This skyscraper represents a significant investment in the future of Long Island City, and we are confident it will become a celebrated addition to the neighborhood’s evolving landscape.”
The Charney Companies echoed this sentiment, highlighting the strategic importance of the location. “Court Square has emerged as one of New York City’s most dynamic and desirable neighborhoods. Our partnership with Incoco Capital and Tavros allows us to bring a truly exceptional residential and mixed-use development to this thriving community.”
Tavros expressed their enthusiasm for the project’s potential. “This 55-story tower is more than just a building; it’s an opportunity to contribute to the ongoing growth and innovation that defines Long Island City. We are excited to see this vision come to fruition.”
The development is expected to create numerous construction jobs during its building phase and will subsequently provide ongoing employment opportunities within its retail and commercial spaces. Furthermore, the project’s design is anticipated to incorporate contemporary architectural principles and sustainable building practices, aligning with the city’s broader goals for environmental responsibility.
The groundbreaking ceremony signifies the beginning of an exciting new chapter for Court Square, promising to deliver a world-class development that will undoubtedly leave a lasting legacy on the Long Island City skyline and community. As construction commences, the anticipation for this impressive 55-story skyscraper continues to grow.
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