Tag Archives: F&T Group

YMCA questions its place in Flushing Commons project


| rpozarycki@queenscourier.com

Photo courtesy Flushing YMCA

A new recreational center is being built at Flushing Commons, but questions remain as to whether the Flushing YMCA will operate it.

Paul Custer, senior vice president of government affairs for the YMCA of Greater New York, told The Courier in an exclusive interview that the nonprofit organization is looking for answers regarding the project in planned meetings with Flushing Commons’ developers, F&T Group, and the city’s Economic Development Corporation (EDC).

The Flushing Y came on board with the Flushing Commons plan as the project’s “community benefit.” Original plans called for the new Flushing Y — which currently operates out of a 90-year-old building on Northern Boulevard — to be created on the second and third floors of a building erected during the project’s first phase.

Those plans, however, were amended in 2009 as a result of economic issues related to the project, Custer said. As part of a redesign, the Flushing Y was relocated to the basement of a retail and commercial building called “The Elm” to be constructed at the corner of 39th Avenue and 138th Street.

“It’s not a very viable place,” Custer said. “It’s kind of hard to make it a community center [from the basement].”

The changes, he noted, compromise the YMCA’s goals transforming its Flushing chapter into a 21st-century community center, allowing it to offer new programs and existing initiatives while also removing any physical obstacles preventing people from participating in them.

Michael Meyer of the F&T Group told The Courier that the group mutually agreed to explore “alternative locations or alternative buildings” at the Flushing Commons site for the Flushing Y.

“We will explore that with them and hopefully we’ll find a way to get there,” Meyer said. “But that’s all on the drawing boards and there’s no certainty.”

In future meetings with F&T Group and city representatives, Custer hopes the Flushing Y could find a more viable place at Flushing Commons. If that goal can’t be fulfilled, he noted, the Y will need to explore other alternatives while continuing to maintain an aging facility. It has reached out to local elected officials for assistance.

Meyer said the Flushing Y “has a home in Flushing Commons” and the F&T Group will construct a recreational center in the project, as required in its deal with the city. Should the Flushing Y choose to no longer participate in the project, he said, the F&T Group would seek another organization to operate the recreational center.

“We’re still building the facility,” he added. “That’s our agreement with the city. There’s no doubt about that.”

One elected official involved in the process, Councilman Peter Koo, was optimistic that a deal could be reached.

“The proposed YMCA in Flushing Commons would provide a tremendous boon to our community,” Koo said in a statement to The Courier. “I have encouraged both sides to come to the table to discuss how the project will move forward and remain optimistic that a mutually beneficial agreement will be reached between the two parties.”

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Flushing Mall set for demolition soon, new permits filed for 13-story building


| lguerre@queenscourier.com

THE COURIER/Photo by Liam La Guerre

It’s the end of the road for the Flushing Mall, but the fate of the massive site it sits on is still up in the air.

Developer F&T Group, which is working on the huge Flushing Commons project and constructed One Fulton Square, filed plans Thursday to construct what is being called Two Fulton Square on the site at 133-15 39th Ave. in downtown Flushing.

The development will include a 13-story mixed-use residential building with 192 units, according to the filings. Margulies Hoelzli Architecture will design the building, which will have retail stores in the basement level. A parking facility with about 377 spaces was also recently filed for the site.

The project is much smaller than a September filing on the site for a 16-story mixed-use commercial, residential project that would have housed nearly 400 apartments in 368,868 square feet of residential space and 520 enclosed parking spaces. Those plans were not approved by the Buildings Department.

The developer has been tight-lipped about the plans for the project, and has not returned The Courier’s requests for comments and more information. The change in filing could be a downsizing of the project or possibly just part of the development structure.

But one thing is certain — the current mall is about to come down. Last month the developer filed permits to demolish the old Flushing Mall, and scaffolding has been recently set up around the site.

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See it: $2M Flushing penthouse condo deal closing soon


| lguerre@queenscourier.com

THE COURIER/Photo by Liam La Guerre  / Gallery photos courtesy of F&T Group

How much is the view of Flushing and Citi Field worth? If it’s at the new One Fulton Square — up to $2 million.

F&T Group, which owns the 12-story building, will close Tuesday on its most expensive residential condo — a three-bedroom unit on the penthouse level of the development — for $2,053,000, according to Helen Lee, a representative for the firm.

The home has 2,033 square feet with a wraparound terrace of nearly 1,100 square feet.

Take a look at the gallery below of a model unit that is similar to the condo.

 

 

 

 

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Plans for 16-story Two Fulton Square in Flushing moving ahead


| lguerre@queenscourier.com

THE COURIER/Photos by Liam La Guerre

With construction on twin 12-story towers at One Fulton Square wrapping up, The F&T Group is moving on to its sibling project at Two Fulton Square across the street.

The company filed plans with the Department of Buildings (DOB) on Tuesday for the project, which will be located on 39th Avenue between College Point Boulevard and Prince Street in downtown Flushing, about a block away from the No. 7 train.

One Fulton Square

The new building will be a 16-story mixed-use commercial, residential and community site sitting on 1,192,954 square feet, and will replace Flushing Mall.

Two Fulton Square will house 397 apartments in 368,868 square feet of residential space, and have 520 enclosed parking spaces, according to DOB filings.

It will also include 350,711 square feet of commercial space and 32,703 square feet of community space, according to the filings.

The 170-foot-tall building is being designed by Margulies Hoelzli Architecture. F&T Group is expected to file plans with the Board of Standard and Appeals for variances soon.

“The F&T Group has been evaluating a number of options for the redevelopment of the Flushing Mall site and recently submitted building plans to the NYC Department of Buildings as the first step in a potential future submission to the Board of Standards and Appeals (BSA),” F&T Group said in a statement. “Once our plans for the BSA are finalized, we look forward to sharing them with the community.”

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Flushing Boom: Development project to bring hotel, jobs


| aaltman@queenscourier.com

Photo rendering Michael Meyer

If you’re looking to lodge in the lap of luxury, a fancy Flushing facility may soon bring the opportunity to stay in style, closer to home.

Plans to construct a high-end, 168-room Hyatt Place hotel in Flushing are in the works, according to Michael Meyer, president of F&T Group, the company creating the accommodations.

Constructed by F&T Group’s in-house builder, Top 8 Construction, the hotel will be located on 39th Avenue between Prince Street and College Point Boulevard, directly across from the Flushing Mall.

According to Meyer, the hotel will be just one piece of a large development project, called One Fulton Square, which could potentially include retail shops, office space, condominiums and underground parking.  The hotel will cover 110,000-square-feet of the One Fulton Square’s 303,000- square-feet. In addition, the building will also have a roof-top pool and bar.

This resort will be the first Hyatt Place in Queens and the newest upscale hotel in Flushing, according to Meyer.

While the opulent inn has yet to be named, Meyer claims it will be a “limited service” hotel, meaning it will not provide meeting spaces, ballrooms or full-service restaurants. Meyer insists, however, that the adjacent retail space will host a breadth of food and beverage options.

“The One Fulton Square project is another example of Flushing’s business vitality and local economic strength, along with the willingness of companies to invest in our community,” said Councilmember Peter Koo, who added that the endeavor will create approximately 940 jobs.  “I look forward to welcoming Hyatt, business professionals and the new retail outlets to the Flushing business community.”