Construction is wrapping up at One Fulton Square, a major development project in downtown Flushing. The F&T Group, one of the neighborhood’s most prolific builders, is in the final stages of bringing a two-building mixed-use complex to the corner of Roosevelt Avenue and Prince Street, just a block from the 7-train terminus on Main Street.
One Fulton Square is made up of twin 12-story towers, with a public plaza in between. The developer writes that the site consists of “a 168-key Hyatt Place hotel built atop of a three-level glass retail podium,” plus “a separate office condominium containing 22 professional and medical offices, 43 luxuriously furnished residential condominiums and 300 parking spaces.” Margulies Hoelzli Architecture is responsible for the design of both buildings.
Construction on the retail/office/condo building looks nearly completed, while on the 39th Avenue side of the complex, the first Hyatt in Queens opened at the end of May. The rooms run around $300 to $400 a night.
For the moment, the hotel is on the edge of the bustling part of downtown Flushing. But it shouldn’t be long before foot traffic picks up. More than 100 acres of land on the northern and western edge of downtown Flushing were rezoned in 1998 to accommodate more growth, mostly from low-density manufacturing designations to the fairly permissive C4-2 zone. Developers are now in the process of filling the old industrial lands in with mid-rise commercial and residential buildings, as Queens’s Asian population grows along with its demand for shopping, housing, hotel and office space.
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