Tag Archives: Flushing Commons

Real estate roundup: Flushing Commons construction woes, Costco eyeing downtown Jamaica


| lguerre@queenscourier.com

Rendering courtesy of TDC Development International

Flushing Commons Construction Causes Traffic, Pedestrian Pains

Flushing Commons will eventually bring open space, housing and retail to downtown Flushing, but right now, construction is creating a problem for pedestrians and drivers alike.” Read more [CBS]

Costco Eyes Location in Downtown Jamaica, Developers Say

“Costco, one of the largest wholesalers in the country, is actively investigating opening a store in Downtown Jamaica, according to those approached by reps for the mega-chain. Costco representatives recently spoke to at least two developers who own property in the area, the developers confirmed.” Read more [DNAinfo]

New restaurants continue to open in Ditmars– with two more opening recently

“New restaurants continue to pop up in Ditmars. Grano’s, an Italian restaurant located at 38-01 Ditmars Blvd, began its soft opening last week and will be celebrating its official grand opening in about three weeks, according to manager Jason Day.” Read more [Astoria Post]

Officials break ground on $1B Flushing Commons development


| lguerre@queenscourier.com

Rendering courtesy TDC Development International


Flushing’s nearly $1 billion project finally got off the ground. 

Officials broke ground Monday on Flushing Commons, a massive mixed-use residential and commercial development that will transform more than five acres of land in downtown Flushing.

The project will offer new retail opportunities, community facilities, 1,600 parking spaces, a large public plaza and a 62,000-square-foot YMCA with two pools, a full-size gym and an indoor running track.

“Today is a good day for the Flushing community. After much delay, we are finally breaking ground on a project that promises to create jobs, housing and economic activity,” Councilman Peter Koo said. “Once this project is completed, it could play a significant role in cementing Flushing’s transformation into an economic powerhouse.”

Flushing Commons will be built in two phases, which developers said will reduce the level of construction and traffic congestion in the area.

THE COURIER/Photo by Mike DiBartolomeo

Phase 1, which is expected to be completed in 2017, includes approximately 219,000 square feet of office and retail space, 150 units of housing and a 982-space parking lot.

The second phase will comprise about 242,000 square feet of office and retail space, 450 residential units, 618 additional parking spaces, the YMCA, and a 1.5 acre public plaza called The Green at Flushing Commons. Phase 2 is expected to be completed by 2021.

 

 

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Borough Board casts vote in first meeting of the year


| mchan@queenscourier.com

THE COURIER/Photo by Melissa Chan

The Queens Borough Board approved the $1.5 million sale of a vacant Flushing lot Monday, during its first meeting of the year.

Board members unanimously voted to allow the city’s Department of Citywide Administrative Services to dispose of a 2,500-square-foot parcel in the heart of Flushing to an entity of the city’s Economic Development Corp.

The property at 135-15 40th Rd. will then be sold to developer Success 88, to be built into a six-story building with commercial and office space. It will also have a community facility, which includes a school for English learners.

“This is a very good project,” said Councilmember Peter Koo, who represents the area. “It will bring prosperity and jobs to the community.”

Then-Borough President Helen Marshall approved the city’s ULURP plans in October.

The $4.5 million project is expected to begin construction in 2015 and end in late 2016, officials said.

Voting members of Monday’s board included Borough President Melinda Katz, the borough’s City Council delegation and Community Board 7 Chair Gene Kelty.

“Even though it’s my first meeting as the borough president, it’s not everybody else’s first meeting,” Katz said. “You guys have been doing great work, and I look forward to continuing that.”

“I look forward to having a very active borough board,” Katz said. “It’s an exciting time for us.”

Developers of the long-delayed Flushing Commons project also updated the board on changes to its $850 million plan, including a parking strategy that would keep the lot’s 1,144 spaces during construction.

“This will have a softer impact on the community,” said Michael Meyer, president of F&T Group. “I think it’s a win-win-win. We’re excited we’re finally getting started.”

The two-phase upscale complex, when complete, will include a total of more than 600 residential units, 500,000 square feet of retail space, a 62,000-square-foot YMCA and a 1.5-acre space with a fountain plaza and amphitheater.

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Developers close on Flushing Commons deal: report


By Queens Courier Staff | editorial@queenscourier.com

Rendering Courtesy of New York City Economic Development Corporation

Developers of the near decade-old $850 million Flushing Commons project have closed on a deal to buy the parking lot where the housing and retail complex will be built, according to Crain’s.

TDC Development International, the Rockefeller Group, AECOM Capital and Mount Kellett Capital Management with financing from Starwood Property Trust purchased the site for $20 million, the business publication reported Wednesday.

The two-phase project, when complete, will include a total of more than 600 residential units, 500,000 square feet of retail or commercial space and a new YMCA, according to the New York City Economic Development Corporation (NYCEDC).

It was broken into two phases as to not disturb nearby businesses and ease parking problems.

The 62,000-square-foot YMCA, with two pools, a full-size gym and an indoor running track, was slated to headline the first phase of the project, along with a 1.5-acre space with a fountain plaza and amphitheater, officials said.

It will now be built in the project’s second phase, Crain’s said, with more housing, commercial and community space.

The development is expected to create more than 2,600 construction jobs and 1,900 permanent jobs, according to the NYCEDC.

 

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Department of Buildings reviewing Flushing Commons permit


| mchan@queenscourier.com

Renderings courtesy of New York City Economic Development Corporation

Developers of the long-stalled $850 million Flushing Commons project have filed their first permit with the city’s Department of Buildings, according to Crain’s and city officials.

A DOB spokesperson said the department received and will review an application from TDC Development International and The Rockefeller Group.

The near decade-old project will bring housing and retail to downtown Flushing but, according to Crain’s, construction has to begin by October 31, under a contract between the city and developers.

The two-phase project, when complete, will include a total of more than 600 residential units, 500,000- square-feet of retail or commercial space and a new YMCA, the New York City Economic Development Corporation (NYCEDC) said.

It was broken into two phases as to not disturb nearby businesses and ease parking problems.

A 62,000-square-foot YMCA, with two pools, a full-size gym and an indoor running track, will headline the first phase of the project, along with a 1.5-acre space with a fountain plaza and amphitheater, officials said. The second phase includes more housing, commercial and community space.

Developers want to modify a portion of Municipal Lot 1 in downtown Flushing, though NYCEDC President Seth Pinsky said existing parking spaces would be maintained during construction.

There will be a total of 1,600 parking spaces — an increase of 500 — at the project’s completion, according to officials.

The development is expected to create more than 2,600 construction jobs and 1,900 permanent jobs, the NYCEDC said.

With additional reporting by Terence M. Cullen

 

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Flushing Commons finally moves forward


| tcullen@queenscourier.com

Photos courtesy of New York City Economic Development Corporation

The long-delayed Flushing Commons project is finally starting this fall, with accommodations for parking and small business, the New York City Economic Development Corporation (NYCEDC) has announced.

The $850 million project, a decade in the making, got the green light Tuesday, March 12, and construction is planned to start later this year. The two-phase project will include more than 600 residential units, 500,000 square feet of commercial space and one of the largest YMCAs in the country.

“The new plan, which will maintain all existing parking spaces during construction, is the culmination of years of work to address community concerns,” said NYCEDC President Seth Pinsky. “We now look forward to the start of this critical project that will create thousands of jobs and a major mixed-used destination, complete with open space and a brand-new YMCA.”

More than 2,600 construction jobs and 1,900 permanent jobs are projected to come from this project.

A deal between the city and developers, The Rockefeller Group and Flushing-based TDC Development and Construction Corporation, is expected to be inked sometime this summer, according to the NYCEDC.

When the project is complete, there will be a total of 1,600 parking spaces, a 500-slot increase from what is currently there.

To ease parking problems and not disturb business, the project was split into two phases beginning first with the south side.

The 62,000-square-foot YMCA, with two pools, a full-size gym and an indoor running track, will headline the first phase of the project. Other components include 160 units of housing, 350,000 square feet of commercial space and a 1.5 acre space with a fountain plaza and amphitheater.

Phase 2 will have an additional 450 housing units, another 150,000 square feet of commercial space and 15,000 square feet of community space.

Borough President Helen Marshall said the phase split “also addresses the need for adequate parking during construction.”

Surrounding small businesses that could be affected by construction might be eligible for EDC’s business interruption program. The program, with $2.25 million set aside, can help eligible business owners with outreach and other means.

 

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Queens’ Morning Roundup


| ctumola@queenscourier.com

TODAY’S FORECAST

Tuesday: Overcast with rain showers. Fog early. High of 54. Winds from the South at 10 to 15 mph. Chance of rain 100% with rainfall amounts near 0.7 in. possible. Tuesday night: Partly cloudy with rain showers. Low of 41. Winds from the NW at 10 to 15 mph. Chance of rain 60%.

EVENT OF THE DAY: Whine & Cheese Comedy Show

Every Tuesday, at 9 p.m., at Rèst-âü-Ránt in Long Island City, check out the Whine & Cheese Comedy Show featuring comics from NBC’s Last Comic Standing and Comedy Central. Free. Click here for more info or to submit an event of your own

Panel votes to phase out two Queens schools, may still truncate third

A panel voted early Tuesday morning to close two New York City public schools and phase out 22 more, including two Queens high schools, according to reports. Read more: The Queens Courier

Video released of suspect wanted for groping girl at Woodside station

Police have released the video of a suspect wanted in connection with forcibly touching a 12-year-old girl on Friday, March 8. Read more: The Queens Courier

Flushing Commons construction to start this fall 

Construction on the much-anticipated $850 million Flushing Commons project will start in the fall, the Daily News has learned. Read more: New York Daily News

Ed Koch’s will leaves bulk of estate to sister

Ed Koch, the former mayor of New York who died last month at age 88, left the majority of his estate to his sister. Read more: Fox New York/AP

Queens gets upgraded medical facility for 9/11 responders

Money from the long-stalled Zadroga Bill has trickled down to Queens. North Shore-LIJ officials unveiled a new treatment center in Rego Park on Monday that will cater specifically to those who volunteered or worked at Ground Zero following 9/11. Read more: New York Daily News 

Cardinals celebrate Mass before entering conclave

Cardinals heard a final appeal for unity Tuesday before sequestering themselves in the Sistine Chapel for the conclave to elect the next pope, as they celebrated Mass amid divisions and uncertainty over who will lead the 1.2 billion-strong Catholic Church and tend to its many problems. Read more: AP