The Orchard, a 70-story residential tower in Long Island City, Queens, has leased over 90% of its 824 units within nine months of opening. The development recently signed its first three retail tenants—Tokimo (K-beauty), Mollytea (Japanese tea), and Intuit (financial services)—leasing over 7,468 square feet of retail space. These additions enhance the resident experience and community connection, with openings planned in 2027. The Orchard offers premium residences and extensive amenities, reflecting strong demand in New York City's competitive rental market.
Intuit, one of the new retail tenants at The Orchard, trades on Pluang at USD 341.55 as of Oct 31, 2026 00:21 WIB, which is closer to its 52-week low of USD 255.07 than its high of USD 676.55. Despite a recent 3.13% gain in one day, the stock remains well below its peak, with a market cap of $88.51 billion and a dividend yield of 1.67%. This contrast highlights Intuit’s current market position amid its expansion into new retail spaces like The Orchard.
Intuit received a Buy rating due to its strong embedded workflows, recurring revenue, and a valuation discount of over 33% compared to sector medians. The company’s QuickBooks and Global Business Solutions segments are driving robust growth, offsetti...
Black Ore introduced Black Ore for Small Firms, an AI-powered tax automation platform designed for small to mid-sized accounting practices. It integrates with Intuit tax software, enabling firms to handle more clients without increasing staff by auto...
