A huge development with three 19-story buildings—two residential ones and a hotel—is coming to a Flushing industrial property that hotelier Sam Chang sold last year. The new developer, Flushing Point Holdings, filed plans for the two apartment towers today at 131-02 40th Road, also known as 40-70 Delong Street.
The finished complex, named Flushing Point Plaza, will span 550,465 square feet, with 275,600 square feet of residential space, 278,365 square feet of retail and hotel space, and a little 1,500-square-foot community facility. The pair of buildings filed today will hold 326 units total (166 and 160 units respectively), and the average apartment will measure 845 square feet.
The first tower will host a 390-car garage in the cellar—probably to accommodate the retail and office portions of the project—and the second tower will have parking for 112 cars on the ground floor.
Designed by Angelo and Anthony Ng at Architects’ Studio, the development will be a trio of boxy, glass towers, all connected at the base. The renderings promise plenty of balconies, large roof decks, and shared terraces. The architects tell us that they’re going to file plans for the hotel soon.
Flushing Point Plaza will rise at the corner of the Van Wyck Expressway and 40th Road, across the street from Flushing Meadows Park. McSam Hotel Group’s Sam Chang sold the 116,150-square-foot site in November of last year.
Skyview Parc, a gigantic mall and condo complex, sits just across 40th Road. Skyview’s developer, Onex Real Estate Partners, built three residential towers with 448 apartments during the recession. The firm is building a fourth tower with 235 units and hopes to add two more buildings with 560 units in the next few years, the Times reported last year. Condos at the newest tower hit the market last November, with studios, one-, two-, and three-bedrooms ranging from $493,000 to $2,000,000. Those listed for around $950 a square foot, which gives us an idea of what condos at Flushing Point Plaza will sell for.
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