The Orchard Surpasses 90% Leased in Nine Months
News related to:BLDG Management Co., Inc · 2 min read
NEW YORK, Oct. 30, 2026 /CourierPR/ -- BLDG Management Co., Inc., a full-service, vertically-integrated real estate investment, management, and development firm, has announced that its 70-story Long Island City tower, The Orchard, has surpassed 90% leased across its 824 residences in just nine months. The milestone underscores strong demand for the tallest tower in Queens, with more than 750 units leased since January amid New York City's competitive rental market.
Three inaugural tenants have signed leases, bringing a robust mix of beauty, financial services, and food and beverage offerings to the neighborhood. Tokimo, a K-beauty brand, has leased a 2,251-square-foot location, marking its third outpost and expected to open by Spring 2027. Intuit, the global financial technology platform behind brands including TurboTax, QuickBooks, Credit Karma, and Mailchimp, has leased 3,546 square feet and is expected to open in December 2026. Mollytea, the global tea and beverage brand originating in Shenzhen, has leased a 1,671-square-foot space and is expected to open in Q2 2027.
BLDG Management Co., Inc., which has been part of the Long Island City community for more than 60 years, aims to create a place that serves both residents and the broader neighborhood. The Orchard features approximately 14,000 square feet of retail space, with Tokimo bringing its distinctive K-beauty experience to Long Island City, offering a curated selection of sought-after skincare products and premium brands. Intuit will offer financial services and tools, while Mollytea will provide tea and beverage options.
The Orchard's 824 residences, comprising 576 market-rate and 248 affordable homes, include spacious one-, two-, and three-bedroom units designed to accommodate today's flexible lifestyles. Among the remaining offerings, the Terrace Collection features oversized private terraces that deliver an indoor-outdoor living experience rarely found in New York City rentals, while the Premier and Penthouse Collection offers elevated finishes, ceilings up to 11 feet, and expansive layouts with sweeping skyline views.
The development offers more than 100,000 square feet of amenities, anchored by New York City's largest private backyard, a 60,000-square-foot landscaped retreat with an apple orchard, resort-style pool, and three pickleball courts. Additional highlights include an indoor basketball court developed in collaboration with NBA skills trainer Chris Brickley, an aquatic center, fitness and coworking spaces, and a 70th-floor Sky Lounge overlooking the New York City skyline.
The Orchard is located minutes from Midtown Manhattan, surrounded by Long Island City's cafés, shops, destination dining, green spaces, and cultural institutions, including MoMA PS1 and The Noguchi Museum. Nearby access to eight subway lines, LIRR, Citi Bike, and the NYC Ferry connects residents to Queens, Manhattan, Brooklyn, and beyond. Monthly rents start at $5,360 for one-bedrooms, $7,510 for two-bedrooms, and $12,255 for three-bedrooms. For more information, including availability or to schedule an appointment, visit theorchardlic.com or call 718-252-2222.