Permits have been filed for a 19-story mixed-use building at 131-01 39th Avenue in Flushing, Queens. Located at the intersection of College Point Boulevard and 39th Avenue, the lot sits along Flushing Creek in the Flushing West Rezoning. The nearest subway station is Main Street, serviced by the 7 train. Young Nian Group LLC is listed as the owner behind the applications. In 2017 Yuk Ming Yip purchased the massive property from Queens-based developer Andy Zhu for $115 million.
131-01 39th Avenue
In 2014, King’s USA Group acquired the two-story, 100,000-square-foot commercial building – dubbed Assi Plaza and located at 131-01 39th Avenue, in Downtown Flushing – for $54.6 million. Now, the developer is filing applications for a new two-story, 165,337-square-foot building with 58,349 square feet of commercial space, a storage component, and staging areas for transporting goods. Perkins Eastman would design the 51-foot-tall structure, but the new filings come just before the area could get rezoned. Last fall, YIMBY brought you the latest details on the Flushing West Rezoning and the site in question, located between College Point Boulevard and Flushing Creek, is at the center of the proposal’s special waterfront district. In other words, the site could eventually accommodate mixed-use buildings of up to 10 or 14 stories. Plans for the site are probably not set in stone, and the rezoning’s public review process is expected to kick off this spring. Permits to demolish the existing commercial building were filed in February.
36 Central Park South [New York Times]: Harry Macklowe — who purchased the 46-story Park Lane Hotel tower for $660 million last year at 36 Central Park South, in Midtown — has plans for a replacement…