The Flushing Willets Point Corona Local Development Corporation (LDC) held a cocktail reception on Tuesday, May 8 in the Delta Sky360 Club at Citi Field.
Distinguished guest Michael Stoler, President of NY Real Estate TV and Managing Director of Madison Realty Capital, talked about the increasing importance of Queens to the state’s real estate market.
Guests watched a presentation on the work currently underway at the Flushing waterfront, 60 acres undergoing a serious transformation.
According to LDC spokesperson Nicholas Roberts, the project will revitalize and combine two distinct neighborhoods – Flushing and Downtown Flushing. He alleged that the group hopes to move activity westward, creating a greater amount of open space and loosening up some area congestion.
The LDC works with community stakeholders to encourage development throughout the downtown area, providing and advocating for services such as mass transit, affordable housing, and increased access to parks.
Roberts claimed it works to improve the overall environmental condition.
“[The LDC has a] vested interest in seeing Downtown Flushing and the surrounding area grow,” said Roberts.
The LDC is funded by the New York State Department of State Brownfield Opportunity Grant. It received this funding about a year-and-a-half ago and it is expected to run through May of 2013.