Company / Timeline

Founded in 1970, Rockrose Development Corp. is one of New York’s most pre-eminent and prolific developers. As an all-encompassing property owner, developer and manager, our visionary stance and commitment to excellence have established us as a leading force in New York real estate. With a hands-on management team who recognize the importance of exacting quality for demanding residential and commercial clients, the company continues to exceed expectations and create new standards. Henry Elghanayan carries on the family tradition with his son Justin.

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Featured News & Press


Photo: About Us Construction 1Rockrose follows a multi-disciplinary approach to planning a new development. As a premier owner-builder with a focus on quality, we work with a vast array of world-renowned architects, consultants, engineers and contractors, and take a global view of development from ...

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Development and Acquisition

Rockrose has developed 10,000 units of residential space, and has developed or acquired over three million square feet of office space. Many of our projects have received favorable public review in addition to coveted design awards by Landmarks and other governmental agencies at the City, State and Federal levels. Our vision continues with tomorrow's real estate developments on the planning table today.

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Rockrose has over 40 years of experience adding value to our projects. This extensive record is recognized by our ability to raise capital on a consistent basis throughout a variety of market conditions. Lenders and equity sources alike have come to rely on our vast operational expertise, financial decision making abilities and conservative capital structure.

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Recent News & Press

  • Rockrose lands $255M in construction financing for 790-unit LIC tower

    Rockrose Development secured $255 million in construction financing for its planned 54-story apartment tower at the former Eagle Electric building in Long Island City. Bank of America provided the loan for the site at 43-22 Queens Street in the Queens ...
  • Toby’s Estate Coffee featured in Interior Design Magazine

    Toby’s Estate Coffee, located at 26-25 Jackson Avenue, has been featured in Interior Design Magazine’s “International Top 10 Coffee Shops” coverage. “The site’s 40-foot-high ceilings allow wagon-wheel chandeliers to descend through exposed timber joists, illuminating a statuary marble ...
  • The Power 100

    Rockrose Development Corp. spent 2016 continuing its transformation of Long Island City, Queens.  The 51-story Hayden, the tallest residential building in Queens and the largest 80/20 project outside of Manhattan, began leasing its 974 luxury apartments, the beginning ...
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