It’s going, going, (almost) gone at Flushing Commons.
In less than one month of sales, more than 50 percent of the Flushing Commons Phase I office-condominium units have been sold. The first phase includes a 148-unit residential building housing one-, two-, three- and four-bedroom residences, a commercial building with 75 office condominiums, as well as retail space.
“We certainly expected demand, but the get-in-now mentality we have witnessed from buyers has truly been unprecedented,” said Michael Meyer, president of F & T Group, one of the partners on this project. “Flushing Commons has been realized as a result of the coming together of F & T Group, The Rockefeller Group and AECOM Capital, a partnership that includes a global developer with deep ties to Flushing, a leading national developer and a powerful investment and development company. Buyers recognize the transformative nature of this project and are eager to get in early.”
Once completed, Flushing Commons will feature residential units, office space, retail stores, parking and community space, as well as the first open-air public space in downtown Flushing.
The office lobby will feature a 24-hour staffed concierge with security, a state-of-the-art office directory and four dedicated high-speed elevators. Flushing Commons will also offer complimentary bicycle storage.
The 164,000-square-foot, LEED-certified, Class A office tower will be the first glass curtain office tower in the downtown Flushing area. The 11-floor building will feature 75 office condominiums ranging in size from 1,200 gross square feet to 4,000 gross square feet with prices ranging from nearly $1.38 million to more than $4 million.
“Flushing Commons is the only Class A office building in downtown Flushing, and as such, we’re seeing professionals who are in the top of the community’s medical and professional fields purchasing office condominiums here,” said Helen Lee, executive vice president of F & T Group. “Our buyers recognize that Flushing Commons is the ideal location in the neighborhood and offers the highest quality construction and amenities. We expect that sales will continue to move swiftly.”
Construction on the Flushing Commons site — a former municipal parking lot — began in June 2014, and the first phase of office buildings is expected to be complete and ready for occupancy by the end of 2016.
“Flushing Commons has been one of the borough’s — if not the city’s — most highly anticipated developments,” said Rick Sondik, vice president of development for The Rockefeller Group. “This is an exciting milestone for us and our partners, as well as for the many civic leaders, community members, neighborhood residents and eager prospective buyers who have been supportive of our vision for Flushing Commons and how it will benefit the future of Flushing, which we are already seeing.”